|Horizon||30 Days Login to change|
Sprint Market Sensitivity
|Sprint returns are very sensitive to returns on the market. As market goes up or down, Sprint is expected to follow.One Month Beta |Analyze Sprint Demand TrendCheck current 30 days Sprint correlation with market (DOW)|
β = 1.0542
Sprint Technical Analysis
Sprint Projected Return Density Against MarketTaking into account the 30 trading days horizon, the stock has beta coefficient of 1.0542 . This entails Sprint Corporation market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Sprint is expected to follow. Moreover, Sprint Corporation has an alpha of 0.0302 implying that it can potentially generate 0.0302% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Sprint Return VolatilitySprint Corporation accepts 1.559% volatility on return distribution over the 30 days horizon. DOW inherits 0.4529% risk (volatility on return distribution) over the 30 days horizon.