We consider Sprint risky. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0352 which indicates Sprint had 0.0352% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Sprint Corporation which you can use to evaluate future volatility of the company. Please validate Sprint Semi Deviation of 2.23, Coefficient Of Variation of 3542.53 and Risk Adjusted Performance of 0.0522 to confirm if risk estimate we provide are consistent with the epected return of 0.0995%.
|Time Horizon||30 Days Login to change|
Sprint Market Sensitivity
|As returns on market increase, Sprint returns are expected to increase less than the market. However during bear market, the loss on holding Sprint will be expected to be smaller as well.One Month Beta |Analyze Sprint Demand TrendCheck current 30 days Sprint correlation with market (DOW)|
β = 0.2992
Sprint Technical Analysis
Projected Return Density Against MarketTaking into account the 30 trading days horizon, Sprint has beta of 0.2992 . This entails as returns on market go up, Sprint average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Sprint Corporation will be expected to be much smaller as well. Moreover, Sprint Corporation has an alpha of 0.1122 implying that it can potentially generate 0.1122% 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 2837.13. The daily returns are destributed with a variance of 7.98 and standard deviation of 2.82. The mean deviation of Sprint Corporation is currently at 1.9. For similar time horizon, the selected benchmark (DOW) has volatility of 1.71