Alphabet Risk Analysis And Volatility

GOOG -- USA Stock  

USD 1,104  14.60  0.01%

Macroaxis considers Alphabet not too risky given 2 months investment horizon. Alphabet secures Sharpe Ratio (or Efficiency) of 0.0988 which signifies that the organization had 0.0988% of return per unit of risk over the last 2 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Alphabet which you can use to evaluate future volatility of the firm. Please makes use of Alphabet Mean Deviation of 1.53, Downside Deviation of 2.0 and Risk Adjusted Performance of 0.109 to double-check if our risk estimates are consistent with your expectations.
Horizon     30 Days    Login   to change

Alphabet Market Sensitivity

Alphabet returns are very sensitive to returns on the market. As market goes up or down, Alphabet is expected to follow.
2 Months Beta |Analyze Alphabet Demand Trend
Check current 30 days Alphabet correlation with market (DOW)
β = 0.9326

Alphabet Central Daily Price Deviation

Alphabet Technical Analysis

The output start index for this execution was zero with a total number of output elements of thirty-nine. Alphabet Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Alphabet Projected Return Density Against Market

Given the investment horizon of 30 days, Alphabet has beta of 0.9326 . This indicates Alphabet market returns are highly-sensitive to returns on the market. As the market goes up or down, Alphabet is expected to follow. Moreover, The company has an alpha of 0.1653 implying that it can potentially generate 0.1653% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
Given the investment horizon of 30 days, the coefficient of variation of Alphabet is 1011.85. The daily returns are destributed with a variance of 4.6 and standard deviation of 2.14. The mean deviation of Alphabet is currently at 1.48. For similar time horizon, the selected benchmark (DOW) has volatility of 1.94
Alpha over DOW
Beta against DOW=0.93
Overall volatility
Information ratio =0.08

Alphabet Return Volatility

the firm inherits 2.1441% risk (volatility on return distribution) over the 30 days horizon. the entity inherits 1.9716% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

Market Risk Breakdown

Alphabet Volatility Factors

60 Days Market Risk

Not too risky

Chance of Distress in 24 months

Close to average

60 Days Economic Sensitivity

Almost mirrors market

Investment Outlook

Alphabet Investment Opportunity

Alphabet has a volatility of 2.14 and is 1.09 times more volatile than DOW. 19% of all equities and portfolios are less risky than Alphabet. Compared to the overall equity markets, volatility of historical daily returns of Alphabet is lower than 19 (%) of all global equities and portfolios over the last 30 days. Use Alphabet to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Alphabet to be traded at $1159.73 in 30 days. . Alphabet returns are very sensitive to returns on the market. As market goes up or down, Alphabet is expected to follow.

Alphabet correlation with market

correlation synergy
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Alphabet Inc and equity matching DJI index in the same portfolio.
Please also check Risk vs Return Analysis. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.