Sprint Probability of Target Price Finishing Above 6.19

Sprint Corporation -- USA Stock  

USD 5.30  0.07  1.34%

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 below 6.19

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 5.30 30 days 6.19  near 1% close to 100%
Based on normal probability distribution, the odds of Sprint to stay under $ 6.19  after 30 days from now is close to 100%. Probability of Sprint price to stay between its current price of $ 5.30  and $ 6.19  at the end of the 30-day period is about 53.01%.
Taking into account the 30 trading days horizon, Sprint has beta of 0.5563 . This entails as returns on market go up, Sprint average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Sprint Corporation will be expected to be much smaller as well. Additionally Sprint Corporation has an alpha of 0.22183475552727275 implying that it can potentially generate 0.22183475552727275% excess return over DOW after adjusting for the inherited market risk (beta).
> 99%
Odds to stay under $ 6.19  after 30 days
 Sprint Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.22
β
Beta against DOW=0.56
σ
Overall volatility
=0.11
Ir
Information ratio =0.12