uploads/2016/08/returns-14.png

Returns of Midstream Stocks with High and Low Implied Volatility

By

Updated

Returns of midstream stocks with high implied volatilities

As we saw in the previous part, NGL Energy Partners (NGL) had the highest implied volatility among all of the midstream companies on August 29, 2016. It has risen by 62.2% on a YTD (year-to-date) basis. It has fallen by 3.6% in the last five days.

Below are the returns of all of our midstream stocks on a YTD basis:

  • Teekay LNG Partners (TGP) at -0.5%
  • Crestwood Equity Partners (CEQP) – 1.3%
  • Energy Transfer Equity (ETE) – 32.3%
  • EnLink Midstream (ENLC) – 13.7%

Here are the five-day returns for these stocks:

  • Teekay LNG Partners – 0.1%
  • Crestwood Equity Partners at -2.1%
  • Energy Transfer Equity – 0.8%
  • EnLink Midstream – 0.8%
Article continues below advertisement

Returns of midstream stocks with low implied volatilities

As we saw in the previous part of the series, Spectra Energy Partners (SEP) had the lowest implied volatility among all of the midstream companies as of August 29, 2016. Below are the returns of Spectra Energy Partners and other midstream stocks on a YTD basis:

  • Spectra Energy Partners at -3.6%
  • Magellan Midstream Partners (MMP) – 3.5%
  • Cheniere Energy Partners LP Holdings (CQH) – 15.2%
  • Enterprise Products Partners (EPD) – 4%
  • Buckeye Partners (BPL) – 5.8%

Now, let’s look at the five-day returns for these stocks:

  • Spectra Energy Partners at -1.0%
  • Magellan Midstream Partners at 0.2%
  • Cheniere Energy Partners LP Holdings at -1.1%
  • Enterprise Products Partners at -0.8%
  • Buckeye Partners at -2.2%
Advertisement

More From Market Realist