Correlation Between Assurant and Sprint
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By analyzing existing cross correlation between Assurant and Sprint 7625 percent, you can compare the effects of market volatilities on Assurant 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 Assurant with a short position of Sprint. Check out your portfolio center. Please also check ongoing floating volatility patterns of Assurant and Sprint.
Diversification Opportunities for Assurant and Sprint
Pay attention - limited upside
The 3 months correlation between Assurant and Sprint is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Assurant and Sprint 7625 percent in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sprint 7625 percent and Assurant 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 Assurant 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 7625 percent has no effect on the direction of Assurant i.e., Assurant and Sprint go up and down completely randomly.
Pair Corralation between Assurant and Sprint
If you would invest 12,161 in Assurant on September 4, 2024 and sell it today you would earn a total of 10,412 from holding Assurant or generate 85.62% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Assurant vs. Sprint 7625 percent
Performance |
| Timeline |
| Assurant |
| Sprint 7625 percent |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
OK
Assurant and Sprint Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Assurant and Sprint
The main advantage of trading using opposite Assurant and Sprint positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Assurant position performs unexpectedly, Sprint can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sprint will offset losses from the drop in Sprint's long position.| Assurant vs. Assured Guaranty | Assurant vs. Ambac Financial Group | Assurant vs. AMERISAFE | Assurant vs. Enact Holdings |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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