$641.35 2.19 0.34%
Macroaxis considers Google Inc not too risky given 1 month investment horizon. Google Inc holds Efficiency (Sharpe) Ratio of 0.1634 which attests that Google Inc had 0.1634% 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-eight technical indicators for Google Inc which you can use to evaluate future volatility of the corporation. Please utilize Google Inc Downside Deviation of 2.23, Market Risk Adjusted Performance of
(1.09) and Risk Adjusted Performance of 0.0305 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 -0.0358 . This indicates as returns on benchmark increase, returns on holding Google Inc are expected to decrease at a much smaller rate. During bear market, however, Google Inc is likely to outperform the market. Moreover, Google Inc has an alpha of 0.0445 implying that it can potentially generate 0.0445% 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 612.13. The daily returns are destributed with a variance of 5.25 and standard deviation of 2.29. The mean deviation of Google Inc is currently at 1.64. For similar time horizon, the selected benchmark (NYSE) has volatility of 1.14
Predicted Return Density
Actual Return VolatilityGoogle Inc inherits 2.2907% risk (volatility on return distribution) over the 30 days horizon. NYSE inherits 1.1159% 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
Indifferent to market move
Largest Period Trend Change
|September 28, 2015|
|Lowest period price (30 days)|
|September 17, 2015|
|Highest period price (30 days)|
Google Inc has a volatility of 2.29 and is 2.04 times more volatile than NYSE. 22% 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 22 (%) 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 $673.42 in 30 days. As returns on market increase, returns on owning Google Inc are expected to decrease at a much smaller rate. During bear market, Google Inc is likely to outperform the market.
Google Inc correlation with market
Google Inc Current Risk Indicators
|Risk Adjusted Performance||0.0305|
|Market Risk Adjusted Performance||(1.09)|
|Coefficient Of Variation||4433.87|