Allowing for the 30-days total investment horizon, Suncor Energy Inc is expected to under-perform the Hess. In addition to that, Suncor is 1.42 times more volatile than Hess Corporation. It trades about -0.06 of its total potential returns per unit of risk. Hess Corporation is currently generating about 0.11 per unit of volatility. If you would invest 9,829 in Hess Corporation on June 27, 2014 and sell it today you would earn a total of 152.00 from holding Hess Corporation or generate 1.55% return on investment over 30 days.
Over the last 30 days Suncor Energy Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
Pair trading matchups for Suncor
Compared with the overall equity markets, risk-adjusted returns on investments in Hess Corporation are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
Pair trading matchups for Hess