Correlation Analysis Between Sprint and ATT

This module allows you to analyze existing cross correlation between Sprint Corporation and ATT. You can compare the effects of market volatilities on Sprint and ATT 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 ATT. See also your portfolio center. Please also check ongoing floating volatility patterns of Sprint and ATT.
Horizon     30 Days    Login   to change
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Comparative Performance


Risk-Adjusted Performance

Over the last 30 days Sprint Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of fragile performance in the last few months, the Stock's forward-looking signals remain relatively invariable which may send shares a bit higher in January 2020. The latest agitation may also be a sign of long running up-swing for the enterprise management.

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively unchanging essential indicators, ATT is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.

Sprint and ATT Volatility Contrast

 Predicted Return Density 

Sprint Corp.  vs.  ATT Inc

 Performance (%) 

Pair Volatility

Taking into account the 30 trading days horizon, Sprint Corporation is expected to under-perform the ATT. In addition to that, Sprint is 1.45 times more volatile than ATT. It trades about -0.24 of its total potential returns per unit of risk. ATT is currently generating about 0.02 per unit of volatility. If you would invest  3,791  in ATT on November 12, 2019 and sell it today you would earn a total of  26.00  from holding ATT or generate 0.69% return on investment over 30 days.

Pair Corralation between Sprint and ATT

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for Sprint and ATT

Sprint Corp. diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Sprint Corp. and ATT Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATT 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 ATT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATT has no effect on the direction of Sprint i.e. Sprint and ATT go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.