This module allows you to analyze existing cross correlation between Apple and Sprint Corporation. You can compare the effects of market volatilities on Apple 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 Apple with a short position of Sprint. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and Sprint.
|Time Horizon||30 Days Login to change|
Apple Inc vs. Sprint Corp.
Given the investment horizon of 30 days, Apple is expected to under-perform the Sprint. But the stock apears to be less risky and, when comparing its historical volatility, Apple is 1.22 times less risky than Sprint. The stock trades about -0.06 of its potential returns per unit of risk. The Sprint Corporation is currently generating about 0.37 of returns per unit of risk over similar time horizon. 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.