Google Inc Risk Analysis

$750.26  2.11  0.28%
Macroaxis considers Google Inc not too risky given 1 month investment horizon. Google Inc holds Efficiency (Sharpe) Ratio of 0.1924 which attests that Google Inc had 0.1924% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Google Inc which you can use to evaluate future volatility of the corporation. Please utilize Google Inc Downside Deviation of 0.9772, Market Risk Adjusted Performance of 0.5932 and Risk Adjusted Performance of 0.168 to validate if our risk estimates are consistent with your expectations.
Investment Horizon     30 Days    Login   to change

Projected Return Density Against Market

Given the investment horizon of 30 days, Google Inc has beta of 0.3902 . This indicates as returns on market go up, Google Inc average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Google Inc will be expected to be much smaller as well. Moreover, Google Inc has an alpha of 0.2219 implying that it can potentially generate 0.2219% excess return over NYSE after adjusting for the inherited market risk (beta).
Predicted Return Density  
Benchmark  Embed   Returns 
Given the investment horizon of 30 days, the coefficient of variation of Google Inc is 519.84. The daily returns are destributed with a variance of 1.12 and standard deviation of 1.06. The mean deviation of Google Inc is currently at 0.77. For similar time horizon, the selected benchmark (NYSE) has volatility of 0.74
Alpha over NYSE
= 0.22 
βBeta against NYSE= 0.39 
Overall volatility
= 1.06 
 iInformation ratio = 0.20 

Actual Return Volatility

Google Inc inherits 1.0586% risk (volatility on return distribution) over the 30 days horizon. NYSE inherits 0.6744% risk (volatility on return distribution) over the 30 days horizon.
Daily Returns (%)
Market   Equity   
Benchmark  Embed   Timeline 

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Almost imposible

30 Days Economic Sensitivity

Slowly supersedes market

Largest Period Trend Change

October 30, 2015
4.92  0.69%
Lowest period price (30 days)
November 20, 2015
10.07  1.35%
Highest period price (30 days)

Investment Outlook

Google Inc has a volatility of 1.06 and is 1.58 times more volatile than NYSE. 10% of all equities and portfolios are less risky than Google Inc. Compared to 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 enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Google Inc to be traded at $787.77 in 30 days. As returns on market increase, Google Inc returns are expected to increase less than the market. However during bear market, the loss on holding Google Inc will be expected to be smaller as well.

Google Inc correlation with market

Modest 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 Inc Current Risk Indicators

Risk Adjusted Performance0.168
Market Risk Adjusted Performance0.5932
Mean Deviation0.807
Semi Deviation0.7104
Downside Deviation0.9772
Coefficient Of Variation450.16
Standard Deviation1.07

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