$606.91 9.12 1.53%
Macroaxis considers Google to be not too risky. Google Inc holds Efficiency (Sharpe) Ratio of -0.0858 which attests that Google Inc had -0.0858% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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. Google Inc exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Google Market Risk Adjusted Performance of
(0.13) and Risk Adjusted Performance of (0.09) to validate risk estimate we provide.
Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 1.1132 . This indicates Google Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Google is expected to follow. Moreover, Google Inc has an alpha of 0.2587 implying that it can potentially generate 0.2587% excess return over NYSE after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of Google is -1166.13. The daily returns are destributed with a variance of 6.39 and standard deviation of 2.53. The mean deviation of Google Inc is currently at 1.64. For similar time horizon, the selected benchmark (NYSE) has volatility of 1.61
Predicted Return Density
Actual Return VolatilityGoogle Inc inherits 2.5269% risk (volatility on return distribution) over the 30 days horizon. NYSE inherits 1.5749% risk (volatility on return distribution) over the 30 days horizon.
|Daily Returns (%)|
30 Days Market Risk
Not too risky
Chance of Distress in 24 months
30 Days Economic Sensitivity
Almost mirrors market
Largest Period Trend Change
|August 24, 2015|
|Lowest period price (30 days)|
|August 19, 2015|
|Highest period price (30 days)|
Google Inc has a volatility of 2.53 and is 1.61 times more volatile than NYSE. 25% of all equities and portfolios are less risky than Google. Compared to the overall equity markets, volatility of historical daily returns of Google Inc is lower than 25 (%) of all global equities and portfolios over the last 30 days. Use Google Inc to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of Google to be traded at $667.6 in 30 days. Google returns are very sensitive to returns on the market. As market goes up or down, Google is expected to follow.
Google correlation with market
Google Current Risk Indicators
|Risk Adjusted Performance||(0.09)|
|Market Risk Adjusted Performance||(0.13)|
|Coefficient Of Variation||(1,733)|