We consider Alphabet not too risky. Alphabet Inc secures Sharpe Ratio (or Efficiency) of 0.0577 which signifies that Alphabet Inc had 0.0577% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing 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-eight technical indicators for Alphabet Inc which you can use to evaluate future volatility of the firm. Please confirm Alphabet Inc Downside Deviation of 0.7031, Risk Adjusted Performance of 0.005 and Mean Deviation of 0.5871 to double-check if risk estimate we provide are consistent with the epected return of 0.0415%.
|Investment Horizon||30 Days Login to change|
Alphabet Market Sensitivity
|As returns on market increase, Alphabet returns are expected to increase less than the market. However during bear market, the loss on holding Alphabet will be expected to be smaller as well.One Month Beta |Analyze Alphabet Inc Demand TrendCheck current 30 days Alphabet correlation with market (DOW)|
β = 0.5791
Projected Return Density Against MarketGiven the investment horizon of 30 days, Alphabet has beta of 0.5791 . This indicates as returns on market go up, Alphabet average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Alphabet Inc will be expected to be much smaller as well. Additionally, Alphabet Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Given the investment horizon of 30 days, the coefficient of variation of Alphabet is 1734.22. The daily returns are destributed with a variance of 0.52 and standard deviation of 0.72. The mean deviation of Alphabet Inc is currently at 0.61. For similar time horizon, the selected benchmark (DOW) has volatility of 0.38