Exxon Correlations

XOM Stock

USD 121.68 1.36 1.13%

The current 90-days correlation between Exxon Mobil Corp and Chevron Corp is 0.7 (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

Weak diversification

The correlation between Exxon Mobil Corp and DJI is 0.31 (i.e., Weak 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.

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 persons.

Moving together with Exxon Stock

0.67	SU	Suncor Energy	Pair Corr
0.76	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.82	IMO	Imperial Oil	Pair Corr
0.82	AM	Antero Midstream Partners	Pair Corr
0.63	AR	Antero Resources Corp	Pair Corr
0.68	EE	Excelerate Energy	Pair Corr
0.82	HP	Helmerich and Payne	Pair Corr
0.68	PR	Permian Resources Aggressive Push	Pair Corr
0.65	SM	SM Energy	Pair Corr
0.65	TS	Tenaris SA ADR Sell-off Trend	Pair Corr
0.61	DLNG	Dynagas LNG Partners	Pair Corr
0.66	DMLP	Dorchester Minerals	Pair Corr
0.75	VNOM	Viper Energy Ut	Pair Corr

Moving against Exxon Stock

0.41	EC	Ecopetrol SA ADR	Pair Corr
0.41	VIVK	Vivakor	Pair Corr
0.51	BPT	BP Prudhoe Bay	Pair Corr
0.5	BROGW	Brooge Energy Limited	Pair Corr
0.33	BRN	Barnwell Industries	Pair Corr

Related Correlations Analysis

	CVX	SCRYX	FRHC	GFL	RGAGX	SVII	GFI	KNF	MRK	WES
CVX		0.79	0.82	0.7	0.85	0.54	0.22	0.71	-0.86	-0.02	CVX
SCRYX	0.79		0.71	0.6	0.89	0.61	0.16	0.73	-0.66	-0.15	SCRYX
FRHC	0.82	0.71		0.59	0.84	0.65	0.3	0.85	-0.94	-0.16	FRHC
GFL	0.7	0.6	0.59		0.51	0.4	-0.12	0.31	-0.64	-0.37	GFL
RGAGX	0.85	0.89	0.84	0.51		0.65	0.42	0.86	-0.82	-0.05	RGAGX
SVII	0.54	0.61	0.65	0.4	0.65		0.39	0.73	-0.66	-0.25	SVII
GFI	0.22	0.16	0.3	-0.12	0.42	0.39		0.49	-0.28	-0.01	GFI
KNF	0.71	0.73	0.85	0.31	0.86	0.73	0.49		-0.76	0.07	KNF
MRK	-0.86	-0.66	-0.94	-0.64	-0.82	-0.66	-0.28	-0.76		0.2	MRK
WES	-0.02	-0.15	-0.16	-0.37	-0.05	-0.25	-0.01	0.07	0.2		WES
	CVX	SCRYX	FRHC	GFL	RGAGX	SVII	GFI	KNF	MRK	WES

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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

RGAGX	+ 0.89	SCRYX
KNF	+ 0.86	RGAGX
RGAGX	+ 0.85	CVX
KNF	+ 0.85	FRHC
RGAGX	+ 0.84	FRHC
FRHC	+ 0.82	CVX

High negative correlations

MRK	- 0.94	FRHC
MRK	- 0.86	CVX
MRK	- 0.82	RGAGX
MRK	- 0.76	KNF
MRK	- 0.66	SVII
MRK	- 0.66	SCRYX

Risk-Adjusted Indicators

There is a big difference between Exxon Stock performing well and Exxon 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 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
CVX	0.88	0.11	0.08	0.24	1.03	(0.92)	2.21	(1.79)	5.13
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
FRHC	1.37	0.47	0.25	0.96	1.13	(1.50)	4.02	(2.40)	7.38
GFL	1.23	0.05	0.02	0.15	1.36	(1.32)	2.97	(2.29)	7.37
RGAGX	0.69	0.11	0.02	(1.49)	0.91	(0.71)	1.34	(1.66)	4.40
SVII	0.20	(0.02)	(0.11)	0.00	0.39	(0.32)	0.44	(0.53)	4.77
GFI	2.21	(0.15)	0.00	1.25	0.00	0.00	4.52	(5.41)	14.93
KNF	1.58	0.26	0.15	0.22	1.88	(1.66)	4.01	(2.46)	12.96
MRK	0.83	(0.26)	0.00	(1.64)	0.00	0.00	1.68	(2.13)	4.89
WES	1.05	0.01	(0.04)	0.12	1.39	(1.02)	1.94	(2.16)	5.82

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