Sprint Probability of Target Price Finishing Over 6.81

Sprint Corporation -- USA Stock  

USD 5.53  0.07  1.25%

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 6.81

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 5.53 30 days 6.81  near 1% close to 100%
Based on normal probability distribution, the odds of Sprint to move over $ 6.81  or more in 30 days from now is near 1%. Probability of Sprint price to stay between its current price of $ 5.53  and $ 6.81  at the end of the 30-day period is about 92.14%.
Taking into account the 30 trading days horizon, Sprint Corporation has beta of -0.313 . 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 0.0022234379999999943 implying that it can potentially generate 0.0022234379999999943% excess return over DOW after adjusting for the inherited market risk (beta).
< 1%
Odds to move over $ 6.81  or more in 30 days
 Sprint Price Density 
Current Price   Target Price   
Alpha over DOW
Beta against DOW=0.31
Overall volatility
Information ratio =0.17