|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 is expected to generate 17.82 times less return on investment than NuStar Energy. But when comparing it to its historical volatility, Ashland Inc is 2.63 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 0.47 of returns per unit of risk over similar time horizon. If you would invest 3,935 in NuStar Energy LP on April 1, 2016 and sell it today you would earn a total of 1,109 from holding NuStar Energy LP or generate 28.18% return on investment over 30 days.
Historical Performance Chart