Suncor Energy, Inc. (SU) — Stock Correlations & Overview
Over the past year, SU has moved most closely with CVE, IMO, IXC. Explore the stocks most correlated and inversely correlated with SU below, along with its price, financials, and company profile.
Stocks correlated with SU
Correlation of daily returns. Higher positive values move with SU; negative values move opposite it. Informational only, not investment advice.
Most correlated with SU
| Symbol | Company | Correlation |
|---|---|---|
| CVE | Cenovus Energy Inc. | 0.83 |
| IMO | Imperial Oil LimitedPETROLEUM REFINING | 0.81 |
| IXC | iShares Global Energy ETF | 0.80 |
| CNQ | Canadian Natural Resources Limited | 0.79 |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 0.76 |
Most inversely correlated with SU
| Symbol | Company | Correlation |
|---|---|---|
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.74 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.74 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.74 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.74 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.74 |
Frequently asked questions about SU correlations
- Which stocks are most correlated with SU?
- Based on one year of daily returns, the stocks most correlated with Suncor Energy, Inc. (SU) are CVE (0.83), IMO (0.81) and IXC (0.80). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with SU?
- Over the past year, the stocks most inversely correlated with Suncor Energy, Inc. (SU) are NRGD (-0.74), WTID (-0.74) and DRIP (-0.74). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these SU correlations calculated?
- We compute the correlation of daily returns between SU and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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