Macroaxis considers Sprint risky given 2 months investment horizon. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.1038 which indicates Sprint had 0.1038% 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 company 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 operate Sprint Semi Deviation of 1.24, Coefficient Of Variation of 1038.16 and Risk Adjusted Performance of 0.1658 to confirm if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Sprint Market Sensitivity
|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.2 Months Beta |Analyze Sprint Demand TrendCheck current 30 days Sprint correlation with market (DOW)|
β = 0.113
Sprint Technical Analysis
Projected Return Density Against MarketTaking into account the 30 trading days horizon, Sprint has beta of 0.113 . This entails as returns on market go up, Sprint average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Sprint Corporation will be expected to be much smaller as well. Moreover, Sprint Corporation has an alpha of 0.2838 implying that it can potentially generate 0.2838% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density