Alphabet Stock Performance

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GOOG -- USA Stock  

USD 1,496  10.82  0.73%

On a scale of 0 to 100, Alphabet holds a performance score of 12. The firm shows a Beta (market volatility) of -0.2264, which signifies not very significant fluctuations relative to the market. Let's try to break down what Alphabet's beta means in this case. As returns on the market increase, returns on owning Alphabet are expected to decrease at a much lower rate. During the bear market, Alphabet is likely to outperform the market. Although it is vital to follow to Alphabet historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Alphabet technical indicators, you can presently evaluate if the expected return of 0.36% will be sustainable into the future. Please makes use of Alphabet downside variance, and the relationship between the treynor ratio and kurtosis to make a quick decision on whether Alphabet price patterns will revert.

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1212

Alphabet Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Alphabet are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days. In spite of rather weak fundamental drivers, Alphabet exhibited solid returns over the last few months and may actually be approaching a breakup point.
Quick Ratio3.51
Fifty Two Week Low1,013.54
Target High Price1,712.76
Fifty Two Week High1,532.11
Target Low Price1,420.00

Alphabet Relative Risk vs. Return Landscape

If you would invest  121,145  in Alphabet on June 8, 2020 and sell it today you would earn a total of  28,455  from holding Alphabet or generate 23.49% return on investment over 30 days. Alphabet is currently generating 0.3614% in daily expected returns and assumes 2.0509% risk (volatility on return distribution) over the 30 days horizon. In different words, 17% of equities are less volatile than Alphabet and 94% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 30 days, Alphabet is expected to generate 1.12 times more return on investment than the market. However, the company is 1.12 times more volatile than its market benchmark. It trades about 0.18 of its potential returns per unit of risk. The DOW is currently generating roughly 0.09 per unit of risk.

Alphabet Market Risk Analysis

Sharpe Ratio = 0.1762
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Alphabet Stock Performance Indicators

Estimated Market Risk
 2.05
  actual daily
 
 17 %
of total potential
 
1717
Expected Return
 0.36
  actual daily
 
 6 %
of total potential
 
66
Risk-Adjusted Return
 0.18
  actual daily
 
 12 %
of total potential
 
1212
Based on monthly moving average Alphabet is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alphabet by adding it to a well-diversified portfolio.

About Alphabet Performance

To evaluate Alphabet Stock as a possible investment, you need to clearly understand its upside, downside potential, and overall future performance outlook. You may be satisfied when Alphabet generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Alphabet's stock performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Alphabet stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Alphabet's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section. Please also refer to our technical analysis and fundamental analysis pages.
Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. Alphabet Inc. was founded in 1998 and is headquartered in Mountain View, California. Alphabet operates under Internet Content Information classification in the United States and is traded on BATS Exchange. It employs 123048 people.

Alphabet Alerts

Equity Alerts and Improvement Suggestions

About 71.0% of the company shares are owned by institutional investors
Please check Risk vs Return Analysis. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page