Sprint Probability of Target Price Finishing Over 16.9

Sprint Corporation -- USA Stock  

USD 6.21  0.06  0.98%

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 over 16.9

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 6.21 30 days 16.9  close to zero percent close to 100%
Based on normal probability distribution, the odds of Sprint to move over $ 16.9  or more in 30 days from now is close to zero percent. Probability of Sprint price to stay between its current price of $ 6.21  and $ 16.9  at the end of the 30-day period is about 63.47%.
Taking into account the 30 trading days horizon, Sprint Corporation has beta of -0.3179 . 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 move over $ 16.9  or more in 30 days
 Sprint Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.51
βBeta against DOW=0.32
σ
Overall volatility
=0.39
 IrInformation ratio =0.15