Sprint Backtesting

S -- USA Stock  

USD 6.96  0.05  0.72%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Sprint Corporation and determine expected loss or profit from investing in Sprint over given investment horizon. Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Sprint 'What if' Analysis

June 20, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
August 19, 2019
0.00
If you would invest  0.00  in Sprint on June 20, 2019 and sell it all today you would earn a total of 0.00 from holding Sprint Corporation or generate 0.0% return on investment in Sprint over 60 days. Sprint is related to or competes with UTStarcom Holdings, ATT, Verizon Communications, Telephone, Zayo Group, and Liberty Broadband. Sprint Corporation, together with its subsidiaries, provides a range of wireless and wireline communications products an...

Sprint Upside/Downside Indicators

Information Ratio(0.031573)
Maximum Drawdown13.89
Value At Risk(3.95)
Potential Upside4.68

Sprint Market Premium Indicators

Risk Adjusted Performance(0.029855)
Jensen Alpha(0.10)
Total Risk Alpha(0.017164)
Treynor Ratio(0.21)

Sprint Backtested Returns

Macroaxis considers Sprint to be risky. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0352 which indicates the firm had -0.0352% of return per unit of risk over the last 2 months. 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 (2,494) and Risk Adjusted Performance of (0.029855) to confirm risk estimate we provide. The entity has beta of 0.598 which indicates 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. Even though it is essential to pay attention to Sprint current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Sprint Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Sprint has expected return of -0.1018%. Please be advised to validate Sprint Information Ratio and Downside Variance to decide if Sprint past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.70) 
correlation synergy

Very good reverse predictability

Sprint Corporation has very good reverse predictability. Overlapping area represents the amount of predictability between Sprint time series from June 20, 2019 to July 20, 2019 and July 20, 2019 to August 19, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprint price movement. The serial correlation of -0.7 indicates that around 70.0% of current Sprint price fluctuation can be explain by its past prices. Given that Sprint Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Sprint for similar time interval.
Correlation Coefficient-0.7
Spearman Rank Test-0.1
Residual Average0.0
Price Variance0.15

Sprint lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Sprint regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Sprint Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - S

Sprint Investor Sentiment

Most of Macroaxis users are at this time bullish on Sprint Corporation. What is your outlook on investing in Sprint Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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