|Investment Horizon||30 Days Login to change|
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 Inc 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 Inc with a short position of NuStar Energy. Please also check ongoing floating volatility patterns of Ashland Inc and NuStar Energy.Ashland Inc. vs NuStar Energy L.P.
|Daily Returns (%)|
Considering 30-days investment horizon, Ashland Inc is expected to generate 0.48 times more return on investment than NuStar Energy. However, Ashland Inc is 2.1 times less risky than NuStar Energy. It trades about 0.07 of its potential returns per unit of risk. NuStar Energy LP is currently generating about -0.01 per unit of risk. If you would invest 10,447 in Ashland Inc on September 8, 2015 and sell it today you would earn a total of 227.00 from holding Ashland Inc or generate 2.17% return on investment over 30 days.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for Ashland Inc
Pair trading matchups for NuStar Energy