Suncor Energy Correlations

SU Stock

USD 55.99 0.90 1.63%

The current 90-days correlation between Suncor Energy and BP PLC ADR is 0.64 (i.e., Poor diversification). The correlation of Suncor Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Suncor Energy Correlation With Market

Poor diversification

The correlation between Suncor Energy and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Suncor Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Suncor Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.

Moving together with Suncor Stock

0.94	E	Eni SpA ADR	Pair Corr
0.71	BP	BP PLC ADR	Pair Corr
0.92	EC	Ecopetrol SA ADR	Pair Corr
0.74	YZC	Yanzhou Coal Mining	Pair Corr
0.67	21Y	FIDELITY CN SPSITREG	Pair Corr
0.87	ECHA	Ecopetrol SA	Pair Corr
0.8	0LZ	Yellow Cake plc	Pair Corr
0.61	ERA	Energy Resources Earnings Call This Week	Pair Corr
0.68	MEU	Marmota	Pair Corr
0.88	OMV	OMV Aktiengesellschaft	Pair Corr
0.7	BPFG	BANPU PCL FGN	Pair Corr
0.72	GV9	ENTERPRISE FINL DL	Pair Corr
0.76	1QR	IMPAX ENVIRONMTL MKTS	Pair Corr
0.84	1R4	LAW DEBENTURE PLS	Pair Corr
0.95	EQNR	Equinor ASA ADR	Pair Corr

Moving against Suncor Stock

0.93	0R4P	Lifco AB Series	Pair Corr
0.84	L0MA	NEXTLEAF SOLUTIONS	Pair Corr
0.55	7GE	Geo Energy Resources	Pair Corr
0.47	0IVB	Innelec Multimedia	Pair Corr
0.45	0L9Z	Kabe Group AB	Pair Corr
0.43	BLZ	BLAZE Minerals	Pair Corr
0.4	9OC	Oracle Power plc	Pair Corr
0.94	0KGH	Paycom Software	Pair Corr
0.45	SLT	SCHALTBAU HOLDING	Pair Corr
0.41	H7H	Hallador Energy	Pair Corr
0.36	KLR	Kaili Resources	Pair Corr

Related Correlations Analysis

	BP	SHEL	PBR-A
BP		0.85	0.88	BP
SHEL	0.85		0.81	SHEL
PBR-A	0.88	0.81		PBR-A
	BP	SHEL	PBR-A

Risk-Adjusted Indicators

There is a big difference between Suncor Stock performing well and Suncor Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Suncor Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BP	1.41	0.04	0.00	0.19	2.15	(1.39)	2.97	(3.76)	8.90
SHEL	1.17	0.05	0.00	0.25	1.52	(1.28)	2.67	(2.45)	8.28
PBR-A	1.38	0.26	0.10	(4.06)	1.71	(1.52)	3.57	(3.37)	10.03

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC