Macroaxis considers Sprint to be not very volatile. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0676 which indicates Sprint had -0.0676% of return per unit of risk over the last 1 month. 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-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Sprint Semi Deviation of 1.2, Coefficient Of Variation of 2709.84 and Risk Adjusted Performance of 0.0433 to confirm risk estimate we provide.
|Time Horizon||30 Days Login to change|
Sprint Market Sensitivity
|As returns on market increase, returns on owning Sprint are expected to decrease at a much smaller rate. During bear market, Sprint is likely to outperform the market.One Month Beta |Analyze Sprint Demand TrendCheck current 30 days Sprint correlation with market (DOW)|
β = -0.1119
Sprint Technical Analysis
Projected Return Density Against MarketTaking into account the 30 trading days horizon, Sprint Corporation has beta of -0.1119 . This entails as returns on benchmark increase, returns on holding Sprint are expected to decrease at a much smaller rate. During bear market, however, Sprint Corporation is likely to outperform the market. Moreover, Sprint Corporation has an alpha of 0.0328 implying that it can potentially generate 0.0328% excess return over DOW after adjusting for the inherited market risk (beta).
Taking into account the 30 trading days horizon, the coefficient of variation of Sprint is -1478.99. The daily returns are destributed with a variance of 1.43 and standard deviation of 1.2. The mean deviation of Sprint Corporation is currently at 0.94. For similar time horizon, the selected benchmark (DOW) has volatility of 1.12