Alphabet (Brazil) Market Value
| GOGL34 Stock | BRL 67.53 0.25 0.37% |
| Symbol | Alphabet |
Alphabet 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alphabet's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alphabet.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Alphabet on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding Alphabet or generate 0.0% return on investment in Alphabet over 720 days. Alphabet is related to or competes with Taiwan Semiconductor, Align Technology, Electronic Arts, CM Hospitalar, Take Two, and Livetech. Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pa... More
Alphabet Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alphabet's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alphabet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.0827 | |||
| Maximum Drawdown | 7.56 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 2.88 |
Alphabet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphabet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphabet's standard deviation. In reality, there are many statistical measures that can use Alphabet historical prices to predict the future Alphabet's volatility.| Risk Adjusted Performance | 0.0869 | |||
| Jensen Alpha | 0.2333 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0797 | |||
| Treynor Ratio | 18.3 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alphabet's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Alphabet Backtested Returns
We consider Alphabet very steady. Alphabet secures Sharpe Ratio (or Efficiency) of 0.077, which signifies that the company had a 0.077% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alphabet, which you can use to evaluate the volatility of the firm. Please confirm Alphabet's Downside Deviation of 1.95, risk adjusted performance of 0.0869, and Mean Deviation of 1.4 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Alphabet has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0128, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alphabet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alphabet is expected to be smaller as well. Alphabet right now shows a risk of 1.9%. Please confirm Alphabet jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Alphabet will be following its price patterns.
Auto-correlation | -0.46 |
Modest reverse predictability
Alphabet has modest reverse predictability. Overlapping area represents the amount of predictability between Alphabet time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alphabet price movement. The serial correlation of -0.46 indicates that about 46.0% of current Alphabet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 26.32 |
Alphabet lagged returns against current returns
Autocorrelation, which is Alphabet stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alphabet's stock expected returns. We can calculate the autocorrelation of Alphabet returns to help us make a trade decision. For example, suppose you find that Alphabet has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alphabet regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alphabet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphabet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphabet stock over time.
Current vs Lagged Prices |
| Timeline |
Alphabet Lagged Returns
When evaluating Alphabet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphabet stock have on its future price. Alphabet autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alphabet autocorrelation shows the relationship between Alphabet stock current value and its past values and can show if there is a momentum factor associated with investing in Alphabet.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Alphabet Correlation, Alphabet Volatility and Alphabet Alpha and Beta module to complement your research on Alphabet. Note that the Alphabet information on this page should be used as a complementary analysis to other Alphabet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Alphabet Stock analysis
When running Alphabet's price analysis, check to measure Alphabet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alphabet is operating at the current time. Most of Alphabet's value examination focuses on studying past and present price action to predict the probability of Alphabet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alphabet's price. Additionally, you may evaluate how the addition of Alphabet to your portfolios can decrease your overall portfolio volatility.
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Alphabet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.