Exxon Correlations

Stocks . USA . 
Stock . Exxon Mobil Corp
XOM Stock  USD 118.82  0.72  0.60%   
The current 90-days correlation between Exxon Mobil Corp and Shell PLC ADR is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Exxon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exxon Mobil Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Exxon Correlation With Market

Average diversification

The correlation between Exxon Mobil Corp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exxon Mobil Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Exxon Stock
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exxon Mobil Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Exxon Stock

  0.87BP BP PLC ADRPairCorr
  0.85EC Ecopetrol SA ADRPairCorr
  0.77SU Suncor EnergyPairCorr
  0.77CVE Cenovus EnergyPairCorr
  0.71IMO Imperial OilPairCorr
  0.85TTE TotalEnergies SE ADRPairCorr
  0.76YPF YPF Sociedad AnonimaPairCorr
  0.71001286 Shaanxi Energy InvestmentPairCorr
  0.79BKKPF Bangkok Bank PublicPairCorr
  0.64NBNKF Nordea Bank AbpPairCorr
  0.61RL Ralph Lauren CorpPairCorr
  0.82GEGYY Genel Energy PLCPairCorr

Moving against Exxon Stock

  0.790A4Y AIM ImmunoTechPairCorr
  0.73EPM Eclipse MetalsPairCorr
  0.62BISI Bisichi Mining PLCPairCorr
  0.42WWR Westwater ResourcesPairCorr
  0.75ARE Alexandria Real EstatePairCorr
  0.58DSKYF Daiichi SankyoPairCorr
  0.49ESALF EisaiPairCorr
  0.42NNFSF Nongfu SpringPairCorr

Related Correlations Analysis

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