Sprint Probability of Target Price Finishing Over 6.073075

Sprint Corporation -- USA Stock  

USD 6.21  0.02  0.32%

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 6.073075

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 6.21 30 days 6.07  about 79.58% about 20.28%
Based on normal probability distribution, the odds of Sprint to stay above $ 6.07  in 30 days from now is about 79.58%. Probability of Sprint price to stay between $ 6.07  and its current price of $6.21 at the end of the 30-day period is about 10.56%.
Taking into account the 30 trading days horizon, Sprint Corporation has beta of -0.8465 . 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
80.0%
Odds to stay above $ 6.07  in 30 days
 Sprint Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.41
βBeta against DOW=0.85
σ
Overall volatility
=0.41
 IrInformation ratio =0.12