Macroaxis considers Sprint to be relatively volatile. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2277 which indicates Sprint had -0.2277% of return per unit of risk over the last 1 month. 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 Coefficient Of Variation of
(938.73) and Risk Adjusted Performance of (0.039468) to confirm risk estimate we provide.
|Time Horizon||30 Days Login to change|
Sprint Market Sensitivity
|As returns on market increase, returns on owning Sprint are expected to decrease by larger amounts. On the other hand, during market turmoil, Sprint is expected to significantly outperform it.One Month Beta |Analyze Sprint Demand TrendCheck current 30 days Sprint correlation with market (DOW)|
β = -1.5828
Sprint Technical Analysis
Projected Return Density Against MarketTaking into account the 30 trading days horizon, Sprint Corporation has beta of -1.5828 . This entails as returns on its benchmark rise, returns on holding Sprint Corporation are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Sprint is expected to outperform its benchmark. Moreover, Sprint Corporation has an alpha of 0.1383 implying that it can potentially generate 0.1383% excess return over DOW after adjusting for the inherited market risk (beta).
Taking into account the 30 trading days horizon, the coefficient of variation of Sprint is -439.22. The daily returns are destributed with a variance of 3.53 and standard deviation of 1.88. The mean deviation of Sprint Corporation is currently at 1.45. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44