Sprint Backtesting

S -- USA Stock  

USD 6.87  0.03  0.44%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Sprint Corporation and determine expected loss or profit from investing in Sprint over given investment horizon. Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Sprint 'What if' Analysis

April 26, 2019
0.00
No Change 0.00  0.0%
In 2 months and 1 day
June 25, 2019
0.00
If you would invest  0.00  in Sprint on April 26, 2019 and sell it all today you would earn a total of 0.00 from holding Sprint Corporation or generate 0.0% return on investment in Sprint over 60 days. Sprint is related to or competes with UTStarcom Holdings, ATT, Verizon Communications, Telephone, Zayo Group, and Liberty Broadband. Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and s...

Sprint Upside/Downside Indicators

Downside Deviation3.25
Information Ratio0.1182
Maximum Drawdown26.39
Value At Risk(5.87)
Potential Upside5.29

Sprint Market Premium Indicators

Risk Adjusted Performance0.1031
Jensen Alpha0.4783
Total Risk Alpha0.4824
Sortino Ratio0.1475
Treynor Ratio0.8238

Sprint Backtested Returns

Macroaxis considers Sprint very risky given 2 months investment horizon. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.1429 which indicates the firm had 0.1429% of return per unit of risk over the last 2 months. Our philosophy towards measuring volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By inspecting Sprint technical indicators you can presently evaluate if the expected return of 0.5967% is justified by implied risk. Please operate Sprint Risk Adjusted Performance of 0.1031, Coefficient Of Variation of 830.4 and Semi Deviation of 2.86 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Sprint holds performance score of 9. The entity has beta of 0.58 which indicates as returns on market increase, Sprint returns are expected to increase less than the market. However during bear market, the loss on holding Sprint will be expected to be smaller as well. Although it is vital to follow to Sprint current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-one technical indicators for Sprint Corporation which you can use to evaluate performance of the company. Please operates Sprint Information Ratio and Downside Variance to make a quick decision on weather Sprint existing price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.46 
correlation synergy

Average predictability

Sprint Corporation has average predictability. Overlapping area represents the amount of predictability between Sprint time series from April 26, 2019 to May 26, 2019 and May 26, 2019 to June 25, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprint price movement. The serial correlation of 0.46 indicates that about 46.0% of current Sprint price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test0.31
Residual Average0.0
Price Variance0.05

Sprint lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Sprint regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Sprint Lagged Returns

 Regressed Prices 
      Timeline 

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Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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