This module allows you to analyze existing cross correlation between Alcoa Corporation and Sprint Corporation. You can compare the effects of market volatilities on Alcoa 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 Alcoa with a short position of Sprint. See also your portfolio center. Please also check ongoing floating volatility patterns of Alcoa and Sprint.
|Time Horizon||30 Days Login to change|
Alcoa Corp. vs. Sprint Corp.
Allowing for the 30-days total investment horizon, Alcoa Corporation is expected to under-perform the Sprint. In addition to that, Alcoa is 1.67 times more volatile than Sprint Corporation. It trades about -0.11 of its total potential returns per unit of risk. Sprint Corporation is currently generating about 0.27 per unit of volatility. If you would invest 515.00 in Sprint Corporation on May 25, 2018 and sell it today you would earn a total of 35.00 from holding Sprint Corporation or generate 6.8% return on investment over 30 days.