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Risk decomposition

XOM

Market → sector → subsector → α-residual · 2026-04-30 → 2026-10-20

XOM factor & risk decomposition snapshot
Market
-4.4%
Sector
+13.9%
Subsector
+1.7%
α residual
+5.5%
Stock
+16.7%

Every position carries the market, its sector, and its subsector before any stock-specific move. The waterfall splits XOM's realized return into those benchmark layers; the α residual is what the three hedge layers do not explain.

source: RiskModels — GET /ticker-returns?ticker=XOM&years=1

How the decomposition works →Research →Run XOM on riskmodels.net →Run any ticker via the API →

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