Sprint Probability of Target Price Finishing Over 6.073075

Sprint Corporation -- USA Stock  

USD 5.25  0.07  1.32%

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
 Time Horizon     30 Days    Login   to change
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Sprint Target Price Odds to finish over 6.073075

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 5.25 30 days 6.07  about 1.09% about 99.0%
Based on normal probability distribution, the odds of Sprint to move over $ 6.07  or more in 30 days from now is about 1.09%. Probability of Sprint price to stay between its current price of $ 5.25  and $ 6.07  at the end of the 30-day period is about 98.0%.
Taking into account the 30 trading days horizon, Sprint Corporation has beta of -1.5828 . This entails as returns on its benchmark rise, returns on holding Sprint Corporation are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Sprint is expected to outperform its benchmark. Additionally Sprint Corporation has an alpha of 0.13834341709090903 implying that it can potentially generate 0.13834341709090903% excess return over DOW after adjusting for the inherited market risk (beta).
~ 1%
Odds to move over $ 6.07  or more in 30 days
 Sprint Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.14
β
Beta against DOW=1.58
σ
Overall volatility
=0.17
Ir
Information ratio =0.23