Macroaxis considers Google to be not too risky. Google Inc holds Efficiency (Sharpe) Ratio of -0.3316 which attests that Google Inc had -0.3316% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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. Google Inc exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Google Market Risk Adjusted Performance of 0.6876 and Risk Adjusted Performance of (0.18) to validate risk estimate we provide.
Given the investment horizon of 30 days, Google Inc has beta of -0.4467 . This indicates as returns on benchmark increase, returns on holding Google are expected to decrease at a much smaller rate. During bear market, however, Google Inc is likely to outperform the market. Additionally, Google Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming NYSE
Given the investment horizon of 30 days, the coefficient of variation of Google is -301.55. The daily returns are destributed with a variance of 0.99 and standard deviation of 0.99. The mean deviation of Google Inc is currently at 0.77. For similar time horizon, the selected benchmark (NYSE) has volatility of 0.61
Google Inc has a volatility of 0.99 and is 1.77 times more volatile than NYSE. 10% of all equities and portfolios are less risky than Google. Compared with 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 protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Google to be traded at $508.33 in 30 days. As returns on market increase, returns on owning Google are expected to decrease at a much smaller rate. During bear market, Google is likely to outperform the market.
Google correlation with market
Very good diversificationOverlapping area represents amount of risk that can be diversified away by holding Google Inc. and equity matching NYA index in the same portfolio