- Companies in United States
This module allows you to analyze existing cross correlation between Best Buy Co Inc and Sprint Corporation. You can compare the effects of market volatilities on Best Buy 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 Best Buy with a short position of Sprint. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and Sprint.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, Best Buy Co Inc is expected to under-perform the Sprint. In addition to that, Best Buy is 1.04 times more volatile than Sprint Corporation. It trades about -0.11 of its total potential returns per unit of risk. Sprint Corporation is currently generating about 0.09 per unit of volatility. If you would invest 844.00 in Sprint Corporation on December 19, 2016 and sell it today you would earn a total of 21.00 from holding Sprint Corporation or generate 2.49% return on investment over 30 days.