EXXON Correlations

30231GAZ5

69.05 0.36 0.52%

The current 90-days correlation between EXXON MOBIL P and Albertsons Companies is 0.09 (i.e., Significant diversification). The correlation of EXXON 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.

EXXON Correlation With Market

Average diversification

The correlation between EXXON MOBIL P 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 P and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to EXXON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EXXON when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EXXON - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EXXON MOBIL P to buy it.

Moving against EXXON Bond

0.7	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.56	T	ATT Inc Aggressive Push	Pair Corr
0.54	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.51	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.47	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.46	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.45	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.45	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.38	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.35	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	ACI	BYND	MRRTY	ABOS	TARS	ARDX	HFFG	LPCN
ACI		-0.25	0.38	0.38	-0.2	-0.09	0.0	-0.48	ACI
BYND	-0.25		-0.68	-0.03	-0.57	0.82	-0.03	-0.05	BYND
MRRTY	0.38	-0.68		0.25	0.5	-0.47	-0.04	0.02	MRRTY
ABOS	0.38	-0.03	0.25		0.31	0.02	0.34	0.29	ABOS
TARS	-0.2	-0.57	0.5	0.31		-0.59	0.34	0.76	TARS
ARDX	-0.09	0.82	-0.47	0.02	-0.59		0.0	-0.2	ARDX
HFFG	0.0	-0.03	-0.04	0.34	0.34	0.0		0.43	HFFG
LPCN	-0.48	-0.05	0.02	0.29	0.76	-0.2	0.43		LPCN
	ACI	BYND	MRRTY	ABOS	TARS	ARDX	HFFG	LPCN

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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

ARDX	+ 0.82	BYND
LPCN	+ 0.76	TARS
TARS	+ 0.5	MRRTY
LPCN	+ 0.43	HFFG
MRRTY	+ 0.38	ACI
ABOS	+ 0.38	ACI

High negative correlations

MRRTY	- 0.68	BYND
ARDX	- 0.59	TARS
TARS	- 0.57	BYND
LPCN	- 0.48	ACI
ARDX	- 0.47	MRRTY
BYND	- 0.25	ACI

Risk-Adjusted Indicators

There is a big difference between EXXON Bond performing well and EXXON Corporate Bond 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 EXXON'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
ACI	1.06	(0.13)	0.00	(0.20)	0.00	0.00	2.60	(2.15)	5.26
BYND	2.83	(0.46)	0.00	(0.20)	0.00	0.00	5.63	(5.60)	20.88
MRRTY	2.27	0.27	0.01	(0.12)	2.65	(2.74)	5.04	(5.00)	11.51
ABOS	3.52	(0.51)	0.00	(0.07)	0.00	0.00	7.52	(6.67)	28.07
TARS	2.74	0.92	0.36	8.21	1.86	(3.62)	8.19	(3.85)	16.85
ARDX	2.96	(0.48)	0.00	(0.10)	0.00	0.00	4.96	(6.13)	33.99
HFFG	2.79	(0.12)	0.01	0.05	3.40	(3.33)	6.34	(5.23)	23.09
LPCN	3.35	0.58	0.11	3.19	3.75	(3.74)	7.08	(6.14)	27.84

Be your own money manager

Our tools can tell you how much better you can do entering a position in EXXON without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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