Alphabet Backtesting

GOOG -- USA Stock  

USD 1,150  5.44  0.48%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Alphabet and determine expected loss or profit from investing in Alphabet over given investment horizon. Please also check Alphabet Hype Analysis, Alphabet Correlation, Alphabet Valuation, Alphabet Volatility as well as analyze Alphabet Alpha and Beta and Alphabet Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Alphabet 'What if' Analysis

May 16, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
July 15, 2019
0.00
If you would invest  0.00  in Alphabet on May 16, 2019 and sell it all today you would earn a total of 0.00 from holding Alphabet or generate 0.0% return on investment in Alphabet over 60 days. Alphabet is related to or competes with Workday, Xunlei, Teradata, Unisys, VMware, Sabre. Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacif...

Alphabet Upside/Downside Indicators

Downside Deviation1.92
Information Ratio(0.06)
Maximum Drawdown10.01
Value At Risk(2.02)
Potential Upside1.62

Alphabet Market Premium Indicators

Risk Adjusted Performance0.0365
Jensen Alpha(0.10)
Total Risk Alpha(0.28)
Sortino Ratio(0.045776)
Treynor Ratio0.0552

Alphabet Backtested Returns

Macroaxis considers Alphabet to be very steady. Alphabet secures Sharpe Ratio (or Efficiency) of -0.0344 which signifies that the organization had -0.0344% of return per unit of risk over the last 2 months. 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 exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alphabet Downside Deviation of 1.92, Mean Deviation of 1.02 and Risk Adjusted Performance of 0.0365 to double-check risk estimate we provide. The firm shows Beta (market volatility) of 1.1099 which signifies that Alphabet returns are very sensitive to returns on the market. as market goes up or down, Alphabet is expected to follow. Even though it is essential to pay attention to Alphabet historical returns, it is always good to be careful when utilizing equity current trending 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 exposes twenty-one different technical indicators which can help you to evaluate its performance. Alphabet has expected return of -0.0486%. Please be advised to confirm Alphabet Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if Alphabet past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.52) 
correlation synergy

Good reverse predictability

Alphabet has good reverse predictability. Overlapping area represents the amount of predictability between Alphabet time series from May 16, 2019 to June 15, 2019 and June 15, 2019 to July 15, 2019. 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 price movement. The serial correlation of -0.52 indicates that about 52.0% of current Alphabet price fluctuation can be explain by its past prices. Given that Alphabet has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Alphabet for similar time interval.
Correlation Coefficient-0.52
Spearman Rank Test-0.76
Residual Average0.0
Price Variance473.47

Alphabet lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Alphabet regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Alphabet Lagged Returns

 Regressed Prices 
      Timeline 

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Please also check Alphabet Hype Analysis, Alphabet Correlation, Alphabet Valuation, Alphabet Volatility as well as analyze Alphabet Alpha and Beta and Alphabet Performance. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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