Sprint Risk Analysis And Volatility Evaluation

S -- USA Stock  

USD 6.01  0.12  1.96%

Macroaxis considers Sprint to be relatively risky. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0484 which indicates Sprint had -0.0484% of return per unit of risk over the last 2 months. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Sprint Corporation exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Sprint Coefficient Of Variation of (1,428) and Risk Adjusted Performance of (0.09) to confirm risk estimate we provide.
Interest Expense
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.
2 Months Beta |Analyze Sprint Demand Trend
Check current 30 days Sprint correlation with market (DOW)
β = 1.086

Sprint Central Daily Price Deviation

Sprint Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. Sprint Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Sprint Projected Return Density Against Market

Taking into account the 30 trading days horizon, the stock has beta coefficient of 1.086 . 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 0.0263 implying that it can potentially generate 0.0263% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Taking into account the 30 trading days horizon, the coefficient of variation of Sprint is -2066.92. The daily returns are destributed with a variance of 5.14 and standard deviation of 2.27. The mean deviation of Sprint Corporation is currently at 1.54. For similar time horizon, the selected benchmark (DOW) has volatility of 1.38
α
Alpha over DOW
=0.0263
β
Beta against DOW=1.09
σ
Overall volatility
=2.27
Ir
Information ratio =0.0045

Sprint Return Volatility

Sprint Corporation accepts 2.2671% volatility on return distribution over the 30 days horizon. DOW inherits 1.3286% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Sprint Volatility Factors

60 Days Market Risk

Relatively risky

Chance of Distress in 24 months

About average

60 Days Economic Sensitivity

Almost mirrors market

Investment Outlook

Sprint Investment Opportunity

Sprint Corporation has a volatility of 2.27 and is 1.71 times more volatile than DOW. 20% of all equities and portfolios are less risky than Sprint. Compared to the overall equity markets, volatility of historical daily returns of Sprint Corporation is lower than 20 (%) of all global equities and portfolios over the last 30 days. Use Sprint Corporation to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Sprint to be traded at $5.83 in 30 days. Sprint returns are very sensitive to returns on the market. As market goes up or down, Sprint is expected to follow.

Sprint correlation with market

correlation synergy
Poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Sprint Corp. and equity matching DJI index in the same portfolio.

Sprint Volatility Indicators

Sprint Corporation Current Risk Indicators

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