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Benchmark  United States  NYSE  10,572   131.373 Index Moved Down -1.23%  

Collecting data for GOOG

Google risk analysis


Google Inc

United States USD
Macroaxis considers Google not too risky. Google Inc holds Efficiency (Sharpe) Ratio of -0.0704 which attests that Google Inc had -0.0704% 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 (0.01) and Risk Adjusted Performance of (0.0083) to validate risk estimate we provide.
change horizon
Investment horizon:  
  30 Days    Login   to change

Projected Return Density against Market

Given the investment horizon of 30 days, the stock has beta coefficient of 1.2672 . 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, Google will likely underperform. Moreover, Google Inc has an alpha of 0.2318 implying that it can potentially generate 0.2318% excess return over NYSE after adjusting for the inherited market risk (beta).
Predicted Return Density
NYSE   Google   
Given the investment horizon of 30 days, the coefficient of variation of Google is -1419.57. The daily returns are destributed with a variance of 1.04 and standard deviation of 1.02. The mean deviation of Google Inc is currently at 0.85. For similar time horizon, the selected benchmark (NYSE) has volatility of 0.6
αAlpha over NYSE= 0.23 
βBeta against NYSE= 1.27 
σOverall volatility= 1.02 
 iInformation ratio = 0.17 

Actual Return Volatility

Google Inc inherits 1.0197% risk (volatility on return distribution) over the 30 days horizon. NYSE inherits 0.6144% risk (volatility on return distribution) over the 30 days horizon.
Daily Returns (%)
Market   Equity   
Change Benchmark  Embed   Timeline 

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Very low

30 Days Economic Sensitivity

Totally responsive to market

Largest Period Trend Change

October 1, 2014
Lowest period price (30 days)
September 19, 2014
Highest period price (30 days)
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Google Inc has a volatility of 1.02 and is 1.67 times more volatile than NYSE. 10% of all equities and portfolios are less risky than Google. Compared with the overall equity markets, volatility of historical daily returns of Google Inc is lower than 10 (%) of all global equities and portfolios over the last 30 days. Use Google Inc to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Google to be traded at $551.22 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Google will likely underperform.

Google correlation with market

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding Google Inc. and equity matching NYA index in the same portfolio

Google Current Risk Indicators

Risk Adjusted Performance(0.0083)
Market Risk Adjusted Performance(0.01)
Mean Deviation0.8575
Semi Deviation0.0
Downside Deviation0.0
Coefficient Of Variation(4,809)
Standard Deviation1.03

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