We consider Sprint relatively risky. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0028 which indicates the firm had 0.0028% 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 stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Sprint Corporation which you can use to evaluate future volatility of the company. Please validate Sprint Risk Adjusted Performance of
(0.026748) and Coefficient Of Variation of (7,022) to confirm if risk estimate we provide are consistent with the epected return of 0.0061%.
|Horizon||30 Days Login to change|
Sprint Market Sensitivity
|Sprint returns are very sensitive to returns on the market. As market goes up or down, Sprint is expected to follow. 2 Months Beta |Analyze Sprint Demand TrendCheck current 30 days Sprint correlation with market (DOW)|
β = 0.8573
Sprint Central Daily Price Deviation
Sprint Technical Analysis
Sprint Projected Return Density Against MarketTaking into account the 30 trading days horizon, Sprint has beta of 0.8573 . This entails Sprint Corporation market returns are sensible to returns on the market. As the market goes up or down, Sprint is expected to follow. Moreover, The company has an alpha of 0.0086 implying that it can potentially generate 0.0086% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Taking into account the 30 trading days horizon, the coefficient of variation of Sprint is 35802.5. The daily returns are destributed with a variance of 4.77 and standard deviation of 2.18. The mean deviation of Sprint Corporation is currently at 1.49. For similar time horizon, the selected benchmark (DOW) has volatility of 1.94
|Alpha over DOW||=||0.0086|
|Beta against DOW||=||0.86|
Sprint Return Volatilitythe enterprise accepts 2.183% volatility on return distribution over the 30 days horizon. the entity inherits 1.9998% risk (volatility on return distribution) over the 30 days horizon.
Sprint Corporation has a volatility of 2.18 and is 1.09 times more volatile than DOW. 19% of all equities and portfolios are less risky than Sprint. Compared to the overall equity markets, volatility of historical daily returns of Sprint Corporation is lower than 19 (%) of all global equities and portfolios over the last 30 days. Use Sprint Corporation to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Sprint to be traded at $6.46 in 30 days. . Sprint returns are very sensitive to returns on the market. As market goes up or down, Sprint is expected to follow.
Sprint correlation with market