Sprint Backtesting

S -- USA Stock  

USD 6.36  0.07  1.11%

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

Sprint 'What if' Analysis

January 21, 2019
No Change 0.00  0.0%
In 2 months and 1 day
March 22, 2019
If you would invest  0.00  in Sprint on January 21, 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 Deviation1.96
Information Ratio(0.038142)
Maximum Drawdown9.24
Value At Risk(2.35)
Potential Upside2.69

Sprint Market Premium Indicators

Risk Adjusted Performance0.0484
Jensen Alpha0.0355
Total Risk Alpha(0.30)
Sortino Ratio(0.032266)
Treynor Ratio0.2529

Sprint Backtested Returns

We consider Sprint moderately volatile. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0662 which indicates the firm had 0.0662% 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. We have found twenty-one technical indicators for Sprint Corporation which you can use to evaluate future volatility of the company. Please validate Sprint Risk Adjusted Performance of 0.0484, Semi Deviation of 1.74 and Coefficient Of Variation of 1585.48 to confirm if risk estimate we provide are consistent with the epected return of 0.1134%. Sprint has performance score of 4 on a scale of 0 to 100. The entity has beta of 0.3749 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 extremely important to respect Sprint current price movements, it is better to be realistic regarding the information on 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. By inspecting Sprint technical indicators you can presently evaluate if the expected return of 0.1134% will be sustainable into the future. Sprint right now has a risk of 1.7122%. Please validate Sprint Information Ratio and Downside Variance to decide if Sprint will be following its existing price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.70 
correlation synergy

Good predictability

Sprint Corporation has good predictability. Overlapping area represents the amount of predictability between Sprint time series from January 21, 2019 to February 20, 2019 and February 20, 2019 to March 22, 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 0.7 indicates that around 70.0% of current Sprint price fluctuation can be explain by its past prices.
Correlation Coefficient0.7
Spearman Rank Test-0.14
Residual Average0.0
Price Variance0.01

Sprint lagged returns against current returns

 Current and Lagged Values 

Sprint regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Sprint Lagged Returns

 Regressed Prices 

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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 Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.
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