|GOOG -- USA Stock|| |
USD 1,085 6.96 0.64%
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Alphabet Beta Analysis
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.Alphabet ValuationFundamentalsBuy or Sell
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
In accordance with recently published financial statements Alphabet has Beta of 1.12. This is 5.66% higher than that of the Technology sector, and 10.89% higher than that of Internet Content & Information
industry, The Beta for all stocks is 846.67% lower than the firm.
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Alphabet returns are very sensitive to returns on the market. As market goes up or down, Alphabet is expected to follow.
Alphabet current financial ratios