Macroaxis considers Google not too risky given 1 month investment horizon. Google Inc holds Efficiency (Sharpe) Ratio of 0.4159 which attests that Google Inc had 0.4159% 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 Market Risk Adjusted Performance of
Projected Return Density against MarketGiven the investment horizon of 30 days, Google Inc has beta of -0.3796 . 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. Moreover, Google Inc has an alpha of 0.5831 implying that it can potentially generate 0.5831% excess return over NYSE after adjusting for the inherited market risk (beta).
Actual Return VolatilityGoogle Inc inherits 1.0463% risk (volatility on return distribution) over the 30 days horizon. NYSE inherits 0.6005% risk (volatility on return distribution) over the 30 days horizon.
Largest Period Trend Change
Google Inc has a volatility of 1.05 and is 1.75 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 normal downward trend and little activity. Check odds of Google to be traded at $567.64 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
Google Current Risk Indicators
Suggested Divercification Pairs