|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.One Month Beta |Analyze Sprint Demand TrendCheck current 30 days Sprint correlation with market (DOW)|
β = 0.2874
Sprint Technical Analysis
Sprint Projected Return Density Against MarketTaking into account the 30 trading days horizon, Sprint has beta of 0.2874 . 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 0.0885 implying that it can potentially generate 0.0885% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Sprint Return VolatilitySprint Corporation accepts 1.3251% volatility on return distribution over the 30 days horizon. DOW inherits 1.0565% risk (volatility on return distribution) over the 30 days horizon.