Sprint Probability of Target Price Finishing Over 16.9

S -- USA Stock  

USD 6.39  0.01  0.16%

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.
Horizon     30 Days    Login   to change
Symbol:
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Sprint Target Price Odds to finish over 16.9

Current PriceHorizonTarget PriceOdds to move over $ 16.90  or more in 30 days
 6.39 30 days 16.90  CLOSE TO ZERO PERCENT
Based on normal probability distribution, the odds of Sprint to move over $ 16.90  or more in 30 days from now is close to zero percent (This Sprint Corporation probability density function shows the probability of Sprint Stock to fall within a particular range of prices over 30 days) . Probability of Sprint price to stay between its current price of $ 6.39  and $ 16.90  at the end of the 30-day period is about 10.64%.
Taking into account the 30 trading days horizon, Sprint Corporation has beta of -0.2025 . 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 an alpha of 0.231 implying that it can potentially generate 0.231% excess return over DOW after adjusting for the inherited market risk (beta).
 Sprint Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.23
β
Beta against DOW=0.2
σ
Overall volatility
=0.16
Ir
Information ratio =0.11

Sprint Alerts

Sprint Alerts and Suggestions

Sprint has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its interest payments
SPRINT NXTEL CP has accumulated about 8.39 B in cash with (813 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.06.
Latest headline from MacroaxisInsider: Sprint exotic insider transaction detected

Price Density Drivers

Sprint Health Indicators

Shares Percent Shares Out2.52%
Short Percent Of Float18.44%
Float Shares612.58M
Shares Short Prior Month125.75M
Average Daily Volume Last 10 Day9.03M
Average Daily Volume In Three Month9.28M
Date Short InterestAugust 31, 2018
Also please take a look at Sprint Backtesting, Sprint Valuation, Sprint Correlation, Sprint Hype Analysis, Sprint Volatility, Sprint History as well as Sprint Performance. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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