Sprint Total Risk Alpha

Sprint Corporation -- USA Stock  

USD 5.91  0.03  0.51%

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Sprint Corporation has current Total Risk Alpha of 0.3377. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Sprint 
Total Risk Alpha 
 = 
RFR + (ER[b] - ER[a]) 
x  
STD[a] / STD[b] 
 = 
0.3377
ER[a] =   Expected return on investing in Sprint
ER[b] =   Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Sprint
STD[b] =   Standard Deviation of selected market or benchmark
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Total Risk Alpha Comparison

Sprint Corporation is rated third in total risk alpha category among related companies. It is rated second in maximum drawdown category among related companies reporting about  56.62  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Sprint Corporation is roughly  56.62 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF, or fund.
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