Macroaxis considers Alphabet not too risky given 1 month investment horizon. Alphabet Inc secures Sharpe Ratio (or Efficiency) of 0.4394 which signifies that Alphabet Inc had 0.4394% 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 technical indicators for Alphabet Inc which you can use to evaluate future volatility of the firm. Please makes use of Alphabet Inc Coefficient Of Variation of 221.76, Risk Adjusted Performance of 0.1104 and Mean Deviation of 0.6545 to double-check if our risk estimates are consistent with your expectations.
|Investment 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.One Month Beta |Analyze Alphabet Inc Demand TrendCheck current 30 days Alphabet correlation with market (DOW)|
β = 1.0297
Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 1.0297 . This indicates Alphabet Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Alphabet is expected to follow. Moreover, Alphabet Inc has an alpha of 0.2344 implying that it can potentially generate 0.2344% 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 227.56. The daily returns are destributed with a variance of 0.66 and standard deviation of 0.81. The mean deviation of Alphabet Inc is currently at 0.64. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23