Alphabet Risk Analysis

Alphabet Inc -- USA Stock  

USD 1,107  4.71  0.42%

Macroaxis considers Alphabet to be not too risky. Alphabet Inc secures Sharpe Ratio (or Efficiency) of -0.0974 which signifies that Alphabet Inc had -0.0974% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing 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. Alphabet Inc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alphabet Inc Risk Adjusted Performance of 0.18 and Mean Deviation of 1.53 to double-check risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Alphabet Market Sensitivity

Alphabet returns are very sensitive to returns on the market. As market goes up or down, Alphabet is expected to follow.
One Month Beta |Analyze Alphabet Inc Demand Trend
Check current 30 days Alphabet correlation with market (DOW)
β = 1.0542
Alphabet llmost one BetaAlphabet Inc Beta Legend

Alphabet Inc Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Alphabet Inc Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Given the investment horizon of 30 days, the stock has beta coefficient of 1.0542 . This indicates Alphabet Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Alphabet is expected to follow. 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
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of Alphabet is -1026.98. The daily returns are destributed with a variance of 4.57 and standard deviation of 2.14. The mean deviation of Alphabet Inc is currently at 1.52. For similar time horizon, the selected benchmark (DOW) has volatility of 1.72
α
Alpha over DOW
=0.01
β
Beta against DOW=1.05
σ
Overall volatility
=2.14
Ir
Information ratio =0.01

Actual Return Volatility

Alphabet Inc inherits 2.1386% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 1.7188% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Alphabet Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Almost mirrors market

Largest Trends

Alphabet Largest Period Trend

Investment Outlook

Alphabet Investment Opportunity
Alphabet Inc has a volatility of 2.14 and is 1.24 times more volatile than DOW. 19% of all equities and portfolios are less risky than Alphabet. Compared to the overall equity markets, volatility of historical daily returns of Alphabet Inc is lower than 19 (%) of all global equities and portfolios over the last 30 days. Use Alphabet Inc to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Alphabet to be traded at $1095.56 in 30 days. Alphabet returns are very sensitive to returns on the market. As market goes up or down, Alphabet is expected to follow.

Alphabet correlation with market

Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Alphabet Inc and equity matching DJI index in the same portfolio.