Macroaxis considers Sprint to be relatively volatile. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.4302 which indicates Sprint had -0.4302% 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 Coefficient Of Variation of
(408.28) and Risk Adjusted Performance of (0.057455) to confirm risk estimate we provide.
|Investment 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 = 0.6944
Projected Return Density Against MarketTaking into account the 30 trading days horizon, Sprint has beta of 0.6944 . 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. Additionally, Sprint Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Taking into account the 30 trading days horizon, the coefficient of variation of Sprint is -232.44. The daily returns are destributed with a variance of 4.5 and standard deviation of 2.12. The mean deviation of Sprint Corporation is currently at 1.34. For similar time horizon, the selected benchmark (DOW) has volatility of 0.27