Pair Correlation Between Best Buy and Sprint

This module allows you to analyze existing cross correlation between Best Buy Co Inc and Sprint Corporation. You can compare the effects of market volatilities on Best Buy 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 Best Buy with a short position of Sprint. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and Sprint.
 Time Horizon     30 Days    Login   to change
 Best Buy Co Inc  vs   Sprint Corp.
 Performance (%) 

Pair Volatility

If you would invest  6,701  in Best Buy Co Inc on December 17, 2017 and sell it today you would earn a total of  632  from holding Best Buy Co Inc or generate 9.43% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Best Buy and Sprint


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Best Buy Co Inc and Sprint Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Sprint and Best Buy 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 Best Buy Co Inc 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 Best Buy i.e. Best Buy and Sprint go up and down completely randomly.

Comparative Volatility

Best Buy Co


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Best Buy Co Inc are ranked lower than 27 (%) of all global equities and portfolios over the last 30 days.