Macroaxis considers Alphabet to be not too risky. Alphabet Inc secures Sharpe Ratio (or Efficiency) of -0.1838 which signifies that Alphabet Inc had -0.1838% 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-eight 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
(0.04) and Mean Deviation of 0.9215 to double-check risk estimate we provide.
|Investment Horizon||30 Days Login to change|
Alphabet Market Sensitivity
|As returns on market increase, returns on owning Alphabet are expected to decrease at a much smaller rate. During bear market, Alphabet is likely to outperform the market.One Month Beta |Analyze Alphabet Inc Demand TrendCheck current 30 days Alphabet correlation with market (DOW)|
β = -0.1357
Projected Return Density Against MarketGiven the investment horizon of 30 days, Alphabet Inc has beta of -0.1357 . This indicates as returns on benchmark increase, returns on holding Alphabet are expected to decrease at a much smaller rate. During bear market, however, Alphabet Inc is likely to outperform the market. 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
Given the investment horizon of 30 days, the coefficient of variation of Alphabet is -544.1. The daily returns are destributed with a variance of 1.49 and standard deviation of 1.22. The mean deviation of Alphabet Inc is currently at 0.9. For similar time horizon, the selected benchmark (DOW) has volatility of 0.28