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 2.29 times less risky than NuStar. The stock trades about -0.13 of its potential returns per unit of risk. The NuStar Energy LP is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest 6,058 in NuStar Energy LP on June 22, 2014 and sell it today you would earn a total of 413.00 from holding NuStar Energy LP or generate 6.82% return on investment over 30 days.
Over the last 30 days Ashland Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
Pair trading matchups for Ashland
Compared with the overall equity markets, risk-adjusted returns on investments in NuStar Energy LP are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.
Pair trading matchups for NuStar