$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.
Projected Return Density Against MarketGiven 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).
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
Predicted Return Density
Actual Return VolatilityGoogle 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 (%)|
Largest Period Trend Change
|October 30, 2015|
|Lowest period price (30 days)|
|November 20, 2015|
|Highest period price (30 days)|
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
Google Inc Current Risk Indicators
|Risk Adjusted Performance||0.168|
|Market Risk Adjusted Performance||0.5932|
|Coefficient Of Variation||450.16|