Sprint Backtesting

S -- USA Stock  

USD 6.40  0.12  1.91%

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

September 17, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 17, 2018
0.00
If you would invest  0.00  in Sprint on September 17, 2018 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 30 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 Deviation1.57
Information Ratio0.0828
Maximum Drawdown5.13
Value At Risk2.45
Potential Upside1.91
  

Sprint Market Premium Indicators

Risk Adjusted Performance0.0489
Jensen Alpha0.1015
Total Risk Alpha0.1285
Sortino Ratio0.0717
Treynor Ratio0.0588

Sprint Backtested Returns

We consider Sprint not very volatile. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0424 which indicates Sprint had 0.0424% of return per unit of risk over the last 1 month. 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 Semi Deviation of 1.31, Coefficient Of Variation of 2306.57 and Risk Adjusted Performance of 0.0489 to confirm if risk estimate we provide are consistent with the epected return of 0.0562%. Sprint has performance score of 2 on a scale of 0 to 100. The entity has beta of 0.8302 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 0.0562% will be sustainable into the future. Sprint right now has a risk of 1.3251%. 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(0.56) 

Good reverse predictability

Sprint Corporation has good reverse predictability. Overlapping area represents the amount of predictability between Sprint time series from September 17, 2018 to October 2, 2018 and October 2, 2018 to October 17, 2018. 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 -0.56 indicates that roughly 56.0% of current Sprint price fluctuation can be explain by its past prices. Given that Sprint Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Sprint for similar time interval.
Correlation Coefficient-0.56
Spearman Rank Test-0.63
Residual Average0.0
Price Variance0.01

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 Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.
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