Sprint Probability of Target Price Finishing Above 0.3

Sprint Corporation -- USA Stock  

USD 6.15  0.07  1.15%

Sprint probability of target price tool provides mechanism to make assumptions about upside and downside potential of Sprint Corporation performance during a given time horizon utilizing its historical volatility. Please specify Sprint time horizon, a valid symbol (red box) and a target price (blue box) you would like Sprint odds to be computed. Also please take a look at Sprint Backtesting, Sprint Valuation, Sprint Correlation, Sprint Hype Analysis, Sprint Volatility, Sprint History as well as Sprint Performance
Investment Horizon     30 Days    Login   to change
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Sprint Target Price Odds to finish below 0.3

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 6.15 30 days 0.3  close to 100% near 1%
Based on normal probability distribution, the odds of Sprint to drop to $ 0.3  or more in 30 days from now is near 1%. Probability of Sprint price to stay between $ 0.3  and its current price of $6.15 at the end of the 30-day period is about 33.36%.
Taking into account the 30 trading days horizon, Sprint Corporation has beta of -0.3431 . 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. 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
< 1%
Odds to drop to $ 0.3  or more in 30 days
 Sprint Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.59
βBeta against DOW=0.34
σ
Overall volatility
=0.36
 IrInformation ratio =0.17