- Companies in United States
This module allows you to analyze existing cross correlation between Ashland Inc and NuStar Energy LP. You can compare the effects of market volatilities on Ashland and NuStar Energy and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Ashland with a short position of NuStar Energy. See also your portfolio center.Please also check ongoing floating volatility patterns of Ashland and NuStar Energy.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, Ashland Inc is expected to under-perform the NuStar Energy. In addition to that, Ashland is 1.02 times more volatile than NuStar Energy LP. It trades about -0.06 of its total potential returns per unit of risk. NuStar Energy LP is currently generating about 0.33 per unit of volatility. If you would invest 4,390 in NuStar Energy LP on November 6, 2016 and sell it today you would earn a total of 472.00 from holding NuStar Energy LP or generate 10.75% return on investment over 30 days.