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
to decide if Alphabet
past performance will be repeated at some point in the near future.
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.