This module allows you to analyze existing cross correlation between Sprint Corporation and CVS Health Corporation. You can compare the effects of market volatilities on Sprint and CVS Health 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 CVS Health. See also your portfolio center. Please also check ongoing floating volatility patterns of Sprint and CVS Health.
|Time Horizon||30 Days Login to change|
Sprint Corp. vs. CVS Health Corp.
Taking into account the 30 trading days horizon, Sprint is expected to generate 1.66 times less return on investment than CVS Health. But when comparing it to its historical volatility, Sprint Corporation is 1.66 times less risky than CVS Health. It trades about 0.29 of its potential returns per unit of risk. CVS Health Corporation is currently generating about 0.29 of returns per unit of risk over similar time horizon. If you would invest 6,480 in CVS Health Corporation on May 26, 2018 and sell it today you would earn a total of 738.00 from holding CVS Health Corporation or generate 11.39% return on investment over 30 days.