- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Sprint Corporation and NASDAQ UK. You can compare the effects of market volatilities on Sprint and NASDAQ UK 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 NASDAQ UK. See also your portfolio center. Please also check ongoing floating volatility patterns of Sprint and NASDAQ UK.
|Horizon||30 Days Login to change|
Predicted Return Density
Sprint Corp. vs. NASDAQ UK
Taking into account the 30 trading days horizon, Sprint Corporation is expected to under-perform the NASDAQ UK. In addition to that, Sprint is 2.75 times more volatile than NASDAQ UK. It trades about -0.13 of its total potential returns per unit of risk. NASDAQ UK is currently generating about 0.04 per unit of volatility. If you would invest 103,076 in NASDAQ UK on March 26, 2019 and sell it today you would earn a total of 1,266 from holding NASDAQ UK or generate 1.23% return on investment over 30 days.
Pair Corralation between Sprint and NASDAQ UK
|Time Period||2 Months [change]|
Diversification Opportunities for Sprint and NASDAQ UK
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Sprint Corp. and NASDAQ UK in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NASDAQ UK 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 NASDAQ UK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NASDAQ UK has no effect on the direction of Sprint i.e. Sprint and NASDAQ UK go up and down completely randomly.
Pair trading matchups for Sprint
Pair trading matchups for NASDAQ UK
See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.