Sprint Corporation has a volatility of 2.5 and is 4.17 times more volatile than DOW. 22%
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 22 (%)
of all global equities and portfolios over the last 30 days. Use Sprint Corporation to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Sprint to be traded at $6.01 in 30 days
. 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.
Sprint correlation with market
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.