We consider Alphabet not too risky. Alphabet Inc secures Sharpe Ratio (or Efficiency) of 0.0012 which signifies that Alphabet Inc had 0.0012% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing 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-one technical indicators for Alphabet Inc which you can use to evaluate future volatility of the firm. Please confirm Alphabet Inc Downside Deviation of 2.18, Risk Adjusted Performance of 0.0199 and Mean Deviation of 1.28 to double-check if risk estimate we provide are consistent with the epected return of 0.002%.
|Time 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 = -0.0664
Alphabet Inc Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Alphabet Inc has beta of -0.0664 . 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. Moreover, Alphabet Inc has an alpha of 0.0136 implying that it can potentially generate 0.0136% excess return over DOW after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of Alphabet is 84421.56. The daily returns are destributed with a variance of 2.8 and standard deviation of 1.67. The mean deviation of Alphabet Inc is currently at 1.3. For similar time horizon, the selected benchmark (DOW) has volatility of 1.08