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Benchmark  United States  NYSE  11,038   8.208 Index Moved Down -0.07%  


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Google risk analysis

   

Google Inc

Stock@NASDAQ 
United States USD
   
0.09 times
  
We consider Google not too risky. Google Inc holds Efficiency (Sharpe) Ratio of 0.0442 which attests that Google Inc had 0.0442% 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 check out Google Market Risk Adjusted Performance of 0.0782 and Risk Adjusted Performance of 0.0544 to validate if risk estimate we provide are consistent with the epected return of 0.0381%.
change horizon
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 1.2209 . 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. 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
Predicted Return Density
 
Embed  
Returns:   
NYSE   Google   
Given the investment horizon of 30 days, the coefficient of variation of Google is 2261.06. The daily returns are destributed with a variance of 0.74 and standard deviation of 0.86. The mean deviation of Google Inc is currently at 0.65. For similar time horizon, the selected benchmark (NYSE) has volatility of 0.47
αAlpha over NYSE=(0.08)
βBeta against NYSE= 1.22 
σOverall volatility= 0.86 
 iInformation ratio =(0.06)

Actual Return Volatility

Google Inc inherits 0.8622% risk (volatility on return distribution) over the 30 days horizon. NYSE inherits 0.4642% risk (volatility on return distribution) over the 30 days horizon.
Daily Returns (%)
Market   Equity   
 
Change Benchmark  Embed  Timeline 

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Almost imposible

30 Days Economic Sensitivity

Totally responsive to market

Largest Period Trend Change

August 12, 2014
 565 
  
 563 
1.790.32%
Lowest period price (30 days)
August 19, 2014
 585 
  
 587 
1.860.32%
Highest period price (30 days)
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Google Inc has a volatility of 0.86 and is 1.87 times more volatile than NYSE. 8% 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 8 (%) of all global equities and portfolios over the last 30 days. Use Google Inc to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of Google to be traded at $635.06 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

Poor 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 Performance0.0544
Market Risk Adjusted Performance0.0782
Mean Deviation0.6892
Semi Deviation0.0
Downside Deviation0.0
Coefficient Of Variation943.97
Standard Deviation0.8803

Suggested Divercification Pairs

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T Rowe Price MD TaxFree Bond vs. Google Inc
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PIMCO 13 Year US Treasury Index ETF vs. Google Inc
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