Macroaxis considers Alphabet to be not too risky. Alphabet
secures Sharpe Ratio (or Efficiency) of -0.0162 which signifies that Alphabet
had -0.0162% 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 (0.11) and Mean Deviation of 1.85 to double-check risk estimate we provide. Macroaxis gives Alphabet performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.4048 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Alphabet will likely underperform.. Even though it is essential to pay attention to Alphabet historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing 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. Alphabet exposes twenty-eight different technical indicators which can help you to evaluate its performance. Alphabet has expected return of -0.0385%. Please be advised to confirm Alphabet Downside Variance, and the relationship between Treynor Ratio and Kurtosis to decide if Alphabet past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.44) |
Modest reverse predictability
Alphabet has modest reverse predictability. Overlapping area represents the amount of predictability between Alphabet time series from October 13, 2018 to November 12, 2018 and November 12, 2018 to December 12, 2018. 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 -0.44 indicates that just about 44.0% of current Alphabet price fluctuation can be explain by its past prices. Given that Alphabet has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Alphabet for similar time interval.
|Spearman Rank Test||-0.06|