Energy Select Sector SPDR Fund Liquidity Chart
Historical price and liquidity data
Seasonality
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Left-hand side y-axis orders liquidity rank of individuals chart components.
Right-hand side y-axis coordinates measure the price of XLE.
Component Liquidity
Component |
Last Value |
XOM |
92.00000 |
CVX |
80.00000 |
COP |
70.00000 |
SLB |
68.00000 |
PXD |
64.00000 |
EOG |
62.00000 |
MPC |
60.00000 |
OXY |
60.00000 |
VLO |
56.00000 |
DVN |
56.00000 |
PSX |
50.00000 |
WMB |
42.00000 |
HES |
34.00000 |
KMI |
34.00000 |
HAL |
32.00000 |
FANG |
32.00000 |
OKE |
26.00000 |
CTRA |
18.00000 |
BKR |
16.00000 |
MRO |
14.00000 |
EQT |
14.00000 |
APA |
12.00000 |
TRGP |
12.00000 |
Component |
1 Month Ago |
1 Week Ago |
Last Value |
XOM |
92.00000 |
80.00000 |
64.00000 |
CVX |
80.00000 |
78.00000 |
50.00000 |
COP |
70.00000 |
72.00000 |
48.00000 |
SLB |
68.00000 |
72.00000 |
46.00000 |
PXD |
64.00000 |
66.00000 |
42.00000 |
EOG |
62.00000 |
60.00000 |
40.00000 |
MPC |
60.00000 |
60.00000 |
36.00000 |
OXY |
60.00000 |
56.00000 |
34.00000 |
VLO |
56.00000 |
46.00000 |
32.00000 |
DVN |
56.00000 |
44.00000 |
32.00000 |
PSX |
50.00000 |
36.00000 |
30.00000 |
WMB |
42.00000 |
28.00000 |
30.00000 |
HES |
34.00000 |
26.00000 |
24.00000 |
KMI |
34.00000 |
24.00000 |
20.00000 |
HAL |
32.00000 |
22.00000 |
20.00000 |
FANG |
32.00000 |
18.00000 |
20.00000 |
OKE |
26.00000 |
18.00000 |
18.00000 |
CTRA |
18.00000 |
16.00000 |
16.00000 |
BKR |
16.00000 |
16.00000 |
14.00000 |
MRO |
14.00000 |
14.00000 |
12.00000 |
EQT |
14.00000 |
12.00000 |
12.00000 |
APA |
12.00000 |
8.00000 |
8.00000 |
TRGP |
12.00000 |
4.00000 |
6.00000 |
All Liquidity VisualizationsAbout Transactional Liquidity
To paraphrase trader Larry Harris, transactional liquidity in the markets is the ability to trade large order sizes quickly, at low cost and time that is convenient to the trader. Many traders consider liquidity the most important characteristic of well-functioning markets.
As a general observation, low liquidity is accompanied by high volatility in price movements, and vice-versa.
Note that traders who need to perform a more comprehensive analysis can
backtest the impact of liquidity on a particular security using the
Tradewell platform.
This measure of liquidity displayed on the heat-maps is adapted from
Amihud’s illiquidity measure, which is the ratio of absolute close to-close returns to dollar volume (Price * Volume).
This metric is calculated as a the current value ranked over the prior 50 days. A low value indicates high liquidity, while a high value indicates lower liquidity (at the transactional level). In other words, a value that is high implies a large absolute close to close return, but relatively low volume comparatively.
We measure liquidity for each component of a particular index or ETF’s in order to help understand liquidity dynamics underneath the surface.
This liquidity heat map uses a color scale to display the internal liquidity dynamics of Energy Select Sector SPDR Fund. The Y-axis is composed of each individual Energy Select Sector SPDR Fund component, which is sorted each and every day by their liquidity rank on that day compared to the other components. This allows us to see visually whether component liquidity was high, normal, or poor. For example, if the liquidity heatmap shows more red, and darker red on a given day, it is more likely that the majority of components are highly illiquid, and vice-versa.
The X-axis displays trading days by date, while the Y-axis contains the liquidity rank of each individual security component comprising Energy Select Sector SPDR Fund.
A price chart of Energy Select Sector SPDR Fund is overlaid on top of the heat map so you can observe the impact that different liquidity regimes may be having on the price of the asset.
XLE is an exchange traded fund whose portfolio is comprised of US energy sector stocks. This investment seeks to provide the same performance as stocks in the Energy Select Sector Index. The index includes companies from the following industries: Oil, Gas, and Consumable Fuels; and Energy Equipment and Services.