Macroaxis considers Alphabet to be not too risky. Alphabet secures Sharpe Ratio (or Efficiency) of -0.0364 which signifies that Alphabet had -0.0364% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing 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. Alphabet exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alphabet Risk Adjusted Performance of
(0.001465) and Mean Deviation of 1.78 to double-check risk estimate we provide.
|Horizon||30 Days Login to change|
Alphabet Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Alphabet will likely underperform.2 Months Beta |Analyze Alphabet Demand TrendCheck current 30 days Alphabet correlation with market (DOW)|
β = 1.4705
Alphabet Central Daily Price Deviation
Alphabet Technical Analysis
Alphabet Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 1.4705 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Alphabet will likely underperform. Moreover, Alphabet has an alpha of 0.0436 implying that it can potentially generate 0.0436% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Given the investment horizon of 30 days, the coefficient of variation of Alphabet is -2748.81. The daily returns are destributed with a variance of 5.26 and standard deviation of 2.29. The mean deviation of Alphabet is currently at 1.76. For similar time horizon, the selected benchmark (DOW) has volatility of 1.27
|Alpha over DOW||=||0.0436|
|Beta against DOW||=||1.47|
Alphabet Return VolatilityAlphabet inherits 2.2931% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 1.3014% risk (volatility on return distribution) over the 30 days horizon.
Alphabet has a volatility of 2.29 and is 1.76 times more volatile than DOW. 20% of all equities and portfolios are less risky than Alphabet. Compared to the overall equity markets, volatility of historical daily returns of Alphabet is lower than 20 (%) of all global equities and portfolios over the last 30 days. Use Alphabet to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Alphabet to be traded at $1010.84 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Alphabet will likely underperform.
Alphabet correlation with market