Correlation Analysis Between DOW and Sprint

This module allows you to analyze existing cross correlation between DOW and Sprint Corporation. You can compare the effects of market volatilities on DOW and Sprint 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 DOW with a short position of Sprint. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Sprint.
Horizon     30 Days    Login   to change

DOW  vs.  Sprint Corp.

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to generate 1.76 times less return on investment than Sprint. But when comparing it to its historical volatility, DOW is 3.8 times less risky than Sprint. It trades about 0.32 of its potential returns per unit of risk. Sprint Corporation is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest  610.00  in Sprint Corporation on August 25, 2018 and sell it today you would earn a total of  29.00  from holding Sprint Corporation or generate 4.75% return on investment over 30 days.

Pair Corralation between DOW and Sprint

Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding DOW and Sprint Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Sprint and DOW is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on DOW are associated (or correlated) with Sprint. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sprint has no effect on the direction of DOW i.e. DOW and Sprint go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.