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Google risk analysis


Google Inc

United States USD
6.23 times
Macroaxis considers Google not too risky given 1 month investment horizon. Google Inc holds Efficiency (Sharpe) Ratio of 0.21 which attests that Google Inc had 0.21% 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 Downside Deviation of 0.9602, Market Risk Adjusted Performance of 0.1384 and Risk Adjusted Performance of 0.11 to validate if our risk estimates are consistent with your expectations.
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Investment horizon:  
  30 Days    Login   to change

Projected Return Density against Market

Given the investment horizon of 30 days, the stock has beta coefficient of 1.99 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Google will likely underperform. Moreover, Google Inc has an alpha of 0.185 implying that it can potentially generate 0.185% excess return over NYSE after adjusting for the inherited market risk (beta).
Predicted Return Density
NYSE   Google   
Given the investment horizon of 30 days, the coefficient of variation of Google is 485.68. The daily returns are destributed with a variance of 1.66 and standard deviation of 1.29. The mean deviation of Google Inc is currently at 0.95. For similar time horizon, the selected benchmark (NYSE) has volatility of 0.44
αAlpha over NYSE= 0.18 
βBeta against NYSE= 1.99 
σOverall volatility= 1.29 
 iInformation ratio = 0.17 

Actual Return Volatility

Google Inc inherits 1.29% risk (volatility on return distribution) over the 30 days horizon. NYSE inherits 0.44% risk (volatility on return distribution) over the 30 days horizon.
Daily Returns (%)
Market   Equity   
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30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Very low

30 Days Economic Sensitivity

Very susceptible to market

Largest Period Trend Change

June 24, 2014
Lowest period price (30 days)
July 23, 2014
Highest period price (30 days)
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Google Inc has a volatility of 1.29 and is 2.93 times more volatile than NYSE. 13% 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 13 (%) 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 $587.42 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Google will likely underperform.

Google correlation with market

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

Google Current Risk Indicators

Risk Adjusted Performance0.11
Market Risk Adjusted Performance0.1384
Mean Deviation0.9468
Semi Deviation0.6413
Downside Deviation0.9602
Coefficient Of Variation485.68
Standard Deviation1.29

Suggested Divercification Pairs

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