This module allows you to analyze existing cross correlation between Sprint Corporation and The Home Depot. You can compare the effects of market volatilities on Sprint and Home Depot 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 Sprint with a short position of Home Depot. See also your portfolio center. Please also check ongoing floating volatility patterns of Sprint and Home Depot.
|Time Horizon||30 Days Login to change|
Sprint Corp. vs. The Home Depot Inc
Taking into account the 30 trading days horizon, Sprint Corporation is expected to generate 1.06 times more return on investment than Home Depot. However, Sprint is 1.06 times more volatile than The Home Depot. It trades about 0.37 of its potential returns per unit of risk. The Home Depot is currently generating about 0.28 per unit of risk. If you would invest 516.00 in Sprint Corporation on May 21, 2018 and sell it today you would earn a total of 37.00 from holding Sprint Corporation or generate 7.17% return on investment over 30 days.