Macroaxis considers Sprint to be relatively risky. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1391 which indicates the firm had -0.1391% of return per unit of risk over the last 3 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-one 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
(2,153) and Risk Adjusted Performance of (0.040018) to confirm risk estimate we provide.
90 Days Market Risk
Chance of Distress in 24 months
Close to average
90 Days Economic Sensitivity
Follows market closely
|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. 3 Months Beta |Analyze Sprint Demand TrendCheck current 30 days Sprint correlation with market (DOW)|
β = 0.8629
Sprint Central Daily Price Deviation
Sprint Technical Analysis
Sprint Projected Return Density Against MarketTaking into account the 30 trading days horizon, Sprint has beta of 0.8629 . This entails Sprint Corporation market returns are sensible to returns on the market. As the market goes up or down, Sprint is expected to follow. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Sprint is significantly underperforming DOW.
Predicted Return Density
Taking into account the 30 trading days horizon, the coefficient of variation of Sprint is -718.85. The daily returns are destributed with a variance of 3.56 and standard deviation of 1.89. The mean deviation of Sprint Corporation is currently at 1.34. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
|Alpha over DOW||=||0.09|
|Beta against DOW||=||0.86|
Sprint Return Volatilitythe enterprise accepts 1.8866% volatility on return distribution over the 30 days horizon. the entity inherits 0.9885% risk (volatility on return distribution) over the 30 days horizon.
Sprint Investment Opportunity
Sprint Corporation has a volatility of 1.89 and is 1.91 times more volatile than DOW. 16 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 16 () of all global equities and portfolios over the last 30 days. Use Sprint Corporation to protect your portfolios against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Sprint to be traded at $6.36 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
Sprint Current Risk Indicators
|Risk Adjusted Performance||(0.040018)|
|Market Risk Adjusted Performance||(0.12)|
|Coefficient Of Variation||(2,153)|
Sprint Suggested Diversification Pairs