|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 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. Please also check ongoing floating volatility patterns of Ashland and NuStar Energy.Ashland Inc. vs NuStar Energy L.P.
Considering 30-days investment horizon, Ashland Inc is expected to generate 0.9 times more return on investment than NuStar Energy. However, Ashland Inc is 1.11 times less risky than NuStar Energy. It trades about 0.37 of its potential returns per unit of risk. NuStar Energy LP is currently generating about 0.14 per unit of risk. If you would invest 11,077 in Ashland Inc on June 25, 2016 and sell it today you would earn a total of 1,060 from holding Ashland Inc or generate 9.57% return on investment over 30 days.