|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 and NuStar 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. Please also check ongoing floating volatility patterns of Ashland and NuStar.Ashland Inc. vs NuStar Energy L.P.
|Daily Returns (%)|
Considering 30-days investment horizon, Ashland Inc is expected to under-perform the NuStar. But the stock apears to be less risky and, when comparing its historical volatility, Ashland Inc is 1.34 times less risky than NuStar. The stock trades about -0.27 of its potential returns per unit of risk. The NuStar Energy LP is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 5,142 in NuStar Energy LP on August 5, 2015 and sell it today you would earn a total of 115.00 from holding NuStar Energy LP or generate 2.24% return on investment over 30 days.
Historical Performance Chart
Predicted Return Density