Macroaxis considers Sprint to be relatively risky. Sprint
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0542 which indicates the firm had -0.0542% of return per unit of risk over the last 3 months. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Sprint Corporation exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Sprint Risk Adjusted Performance
of (0.047645) and Coefficient Of Variation of (1,829) to confirm risk estimate we provide. The entity has beta of 0.8749 which indicates Sprint returns are very sensitive to returns on the market. as market goes up or down, Sprint is expected to follow. Even though it is essential to pay attention to Sprint current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Sprint Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Sprint has expected return of -0.1176%. Please be advised to validate Sprint Information Ratio and Downside Variance to decide if Sprint past performance will be repeated at some point in the near future.
Sprint Corporation has good predictability. Overlapping area represents the amount of predictability between Sprint time series from July 17, 2019 to August 31, 2019 and August 31, 2019 to October 15, 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 0.64 indicates that roughly 64.0% of current Sprint price fluctuation can be explain by its past prices.