|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between Suncor Energy Inc and Hess Corporation. You can compare the effects of market volatilities on Suncor Energy and Hess 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 Suncor Energy with a short position of Hess. Please also check ongoing floating volatility patterns of Suncor Energy and Hess.Suncor Energy Inc. vs Hess Corp.
Allowing for the 30-days total investment horizon, Suncor Energy is expected to generate 2.28 times less return on investment than Hess. But when comparing it to its historical volatility, Suncor Energy Inc is 1.48 times less risky than Hess. It trades about 0.14 of its potential returns per unit of risk. Hess Corporation is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest 5,265 in Hess Corporation on March 31, 2016 and sell it today you would earn a total of 697.00 from holding Hess Corporation or generate 13.24% return on investment over 30 days.
Historical Performance Chart