Alphabet Inc Backtested Returns
Macroaxis considers Alphabet to be not too risky. Alphabet Inc
secures Sharpe Ratio (or Efficiency) of -0.0413 which signifies that Alphabet Inc
had -0.0413% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Alphabet Inc exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alphabet Inc Risk Adjusted Performance
of (0.04) and Mean Deviation of 1.13 to double-check risk estimate we provide. Macroaxis gives Alphabet performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.1233 which signifies that 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.. Even though it is essential to pay attention to Alphabet Inc historical returns, it is always good to be careful when utilizing equity current trading patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Alphabet Inc exposes twenty-eight different technical indicators which can help you to evaluate its performance. Alphabet Inc has expected return of -0.0598%. Please be advised to confirm Alphabet Inc Downside Variance, and the relationship between Treynor Ratio and Kurtosis to decide if Alphabet Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.08 |
Virtually no predictability
Alphabet Inc has virtually no predictability. Overlapping area represents amount of predictability between Alphabet time series from November 3, 2016 to November 18, 2016 and November 18, 2016 to December 3, 2016. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alphabet Inc price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Alphabet price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.08|
|Spearman Rank Test|| 0.45|
|Price Variance|| 60.79|
|Lagged Price Variance|| 220.29|
Alphabet Lagged Returns