Alphabet Backtesting

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GOOG -- USA Stock  

USD 1,484  4.01  0.27%

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

Alphabet 'What if' Analysis

October 24, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
January 22, 2020
0.00
If you would invest  0.00  in Alphabet on October 24, 2019 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 90 days. Alphabet is related to or competes with Sabre, Teradata, Workday, Salesforce, Unisys New, and Xunlei Limited. Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacif...

Alphabet Upside/Downside Indicators

Downside Deviation0.6917
Information Ratio0.1579
Maximum Drawdown4.09
Value At Risk(1.06)
Potential Upside1.97

Alphabet Market Premium Indicators

Risk Adjusted Performance0.1485
Jensen Alpha0.1327
Total Risk Alpha0.0393
Sortino Ratio0.2036
Treynor Ratio0.2416

Alphabet Backtested Returns

Macroaxis considers Alphabet very steady given 3 months investment horizon. Alphabet secures Sharpe Ratio (or Efficiency) of 0.3 which signifies that the organization had 0.3% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Alphabet which you can use to evaluate future volatility of the firm. Please makes use of Alphabet Mean Deviation of 0.6994, Risk Adjusted Performance of 0.1485 and Downside Deviation of 0.6917 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Alphabet holds performance score of 20. The firm shows Beta (market volatility) of 1.0691 which signifies that Alphabet returns are very sensitive to returns on the market. as market goes up or down, Alphabet is expected to follow. Although it is vital to follow to Alphabet historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Alphabet technical indicators you can presently evaluate if the expected return of 0.2718% will be sustainable into the future. Please makes use of Alphabet Downside Variance, and the relationship between Treynor Ratio and Kurtosis to make a quick decision on weather Alphabet price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.50 
correlation synergy

Modest predictability

Alphabet has modest predictability. Overlapping area represents the amount of predictability between Alphabet time series from October 24, 2019 to December 8, 2019 and December 8, 2019 to January 22, 2020. 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 0.5 indicates that about 50.0% of current Alphabet price fluctuation can be explain by its past prices.
Correlation Coefficient0.5
Spearman Rank Test0.49
Residual Average0.0
Price Variance2458.16

Alphabet lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Alphabet regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Alphabet Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - GOOG

Alphabet Investor Sentiment

Majority of Macroaxis users are currently bullish on Alphabet. What is your sentiment towards investing in Alphabet? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Plese check Alphabet Hype Analysis, Alphabet Correlation, Alphabet Valuation, Alphabet Volatility as well as analyze Alphabet Alpha and Beta and Alphabet Performance. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.