Correlation Analysis Between ATT and Sprint

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


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively conflicting essential indicators, ATT unveiled solid returns over the last few months and may actually be approaching a breakup point.

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 relatively invariable forward-looking signals, Sprint is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.

ATT and Sprint Volatility Contrast

 Predicted Return Density 

ATT Inc  vs.  Sprint Corp.

 Performance (%) 

Pair Volatility

Taking into account the 30 trading days horizon, ATT is expected to generate 0.5 times more return on investment than Sprint. However, ATT is 2.0 times less risky than Sprint. It trades about 0.23 of its potential returns per unit of risk. Sprint Corporation is currently generating about -0.03 per unit of risk. If you would invest  3,209  in ATT on August 22, 2019 and sell it today you would earn a total of  582.00  from holding ATT or generate 18.14% return on investment over 30 days.

Pair Corralation between ATT and Sprint

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for ATT and Sprint

ATT Inc diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and Sprint Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Sprint and ATT 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 ATT 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 ATT i.e. ATT and Sprint go up and down completely randomly.
See also your portfolio center. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.