- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Sprint Corporation and SPTSX Comp. You can compare the effects of market volatilities on Sprint and SPTSX Comp 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 SPTSX Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Sprint and SPTSX Comp.
|Horizon||30 Days Login to change|
Predicted Return Density
Sprint Corp. vs. SPTSX Comp
Taking into account the 30 trading days horizon, Sprint Corporation is expected to under-perform the SPTSX Comp. In addition to that, Sprint is 5.68 times more volatile than SPTSX Comp. It trades about -0.13 of its total potential returns per unit of risk. SPTSX Comp is currently generating about 0.21 per unit of volatility. If you would invest 1,606,790 in SPTSX Comp on March 26, 2019 and sell it today you would earn a total of 51,860 from holding SPTSX Comp or generate 3.23% return on investment over 30 days.
Pair Corralation between Sprint and SPTSX Comp
|Time Period||2 Months [change]|
Diversification Opportunities for Sprint and SPTSX Comp
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Sprint Corp. and SPTSX Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SPTSX Comp and Sprint 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 Sprint Corporation are associated (or correlated) with SPTSX Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SPTSX Comp has no effect on the direction of Sprint i.e. Sprint and SPTSX Comp go up and down completely randomly.
Pair trading matchups for Sprint
Pair trading matchups for SPTSX Comp
See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..