|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 Corporation 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 Corporation. Please also check ongoing floating volatility patterns of Suncor Energy and Hess Corporation.Suncor Energy Inc. vs Hess Corp.
|Daily Returns (%)|
Allowing for the 30-days total investment horizon, Suncor Energy Inc is expected to under-perform the Hess Corporation. But the stock apears to be less risky and, when comparing its historical volatility, Suncor Energy Inc is 1.53 times less risky than Hess Corporation. The stock trades about -0.25 of its potential returns per unit of risk. The Hess Corporation is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 5,762 in Hess Corporation on November 1, 2015 and sell it today you would earn a total of 138.00 from holding Hess Corporation or generate 2.4% return on investment over 30 days.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for Suncor Energy
Pair trading matchups for Hess Corporation