Sunoco LP Correlations

SUN Stock

USD 57.63 0.63 1.11%

The current 90-days correlation between Sunoco LP and National Fuel Gas is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sunoco LP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunoco LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sunoco LP Correlation With Market

Modest diversification

The correlation between Sunoco LP and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunoco LP and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sunoco Stock

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

To learn how to invest in Sunoco Stock, please use our How to Invest in Sunoco LP guide.

Moving together with Sunoco Stock

0.77	EE	Excelerate Energy	Pair Corr
0.75	ET	Energy Transfer LP Sell-off Trend	Pair Corr
0.71	CQP	Cheniere Energy Partners	Pair Corr
0.78	DKL	Delek Logistics Partners	Pair Corr
0.7	EPD	Enterprise Products Earnings Call This Week	Pair Corr
0.72	KYN	Kayne Anderson MLP	Pair Corr
0.77	PAA	Plains All American	Pair Corr
0.72	GASS	StealthGas	Pair Corr
0.71	WES	Western Midstream	Pair Corr
0.73	INSW	International Seaways	Pair Corr
0.61	MPLX	MPLX LP	Pair Corr
0.73	NVGS	Navigator Holdings	Pair Corr
0.64	CAPL	Crossamerica Partners	Pair Corr

Moving against Sunoco Stock

0.46	TGS	Transportadora de Gas	Pair Corr
0.53	NSFDF	NXT Energy Solutions	Pair Corr
0.37	PTLE	PTL LTD Ordinary	Pair Corr
0.37	GLABF	Gemina Laboratories	Pair Corr
0.35	ZTLLF	Zonetail	Pair Corr

Related Correlations Analysis

	NFG	HESM	AM	APA	UGP	FRO	LEU	DINO	SOBO	RRC
NFG		0.57	0.72	0.62	0.32	-0.11	-0.4	-0.26	0.64	0.14	NFG
HESM	0.57		0.56	0.6	0.35	-0.04	-0.02	-0.53	0.37	-0.41	HESM
AM	0.72	0.56		0.71	0.59	0.27	-0.23	0.0	0.51	0.33	AM
APA	0.62	0.6	0.71		0.43	0.17	-0.35	-0.21	0.48	0.11	APA
UGP	0.32	0.35	0.59	0.43		0.66	0.12	0.25	0.09	0.15	UGP
FRO	-0.11	-0.04	0.27	0.17	0.66		0.31	0.47	-0.24	0.04	FRO
LEU	-0.4	-0.02	-0.23	-0.35	0.12	0.31		0.16	-0.65	-0.34	LEU
DINO	-0.26	-0.53	0.0	-0.21	0.25	0.47	0.16		-0.45	0.6	DINO
SOBO	0.64	0.37	0.51	0.48	0.09	-0.24	-0.65	-0.45		0.05	SOBO
RRC	0.14	-0.41	0.33	0.11	0.15	0.04	-0.34	0.6	0.05		RRC
	NFG	HESM	AM	APA	UGP	FRO	LEU	DINO	SOBO	RRC

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AM	+ 0.72	NFG
APA	+ 0.71	AM
FRO	+ 0.66	UGP
SOBO	+ 0.64	NFG
APA	+ 0.62	NFG
APA	+ 0.6	HESM

High negative correlations

SOBO	- 0.65	LEU
DINO	- 0.53	HESM
SOBO	- 0.45	DINO
RRC	- 0.41	HESM
LEU	- 0.4	NFG
LEU	- 0.35	APA

Risk-Adjusted Indicators

There is a big difference between Sunoco Stock performing well and Sunoco LP 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 Sunoco LP'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
NFG	0.87	0.08	(0.01)	(0.19)	1.03	(0.91)	1.72	(1.54)	5.52
HESM	0.89	0.08	0.02	0.61	0.99	(0.96)	1.75	(1.77)	5.00
AM	0.86	0.10	0.02	(1.07)	1.12	(0.87)	1.86	(1.89)	5.89
APA	2.07	0.27	0.07	(0.34)	2.05	(2.53)	4.70	(3.50)	14.33
UGP	1.81	0.37	0.10	(1.21)	2.37	(1.95)	3.92	(2.79)	13.99
FRO	1.87	0.18	0.04	1.33	2.38	(1.90)	3.42	(3.95)	13.55
LEU	3.93	(0.31)	0.00	(0.65)	0.00	0.00	8.14	(8.69)	25.34
DINO	1.54	(0.04)	0.00	(0.20)	0.00	0.00	3.90	(2.86)	7.95
SOBO	1.16	0.16	0.04	(0.35)	1.36	(1.23)	2.08	(2.41)	8.35
RRC	1.55	0.01	(0.03)	(0.02)	2.12	(1.51)	3.16	(3.01)	9.60

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