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 Mean Deviation of 1.02, Downside Deviation of 1.92 and Risk Adjusted Performance of 0.0365 to double-check risk estimate we provide.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
Almost mirrors market
|Horizon||30 Days Login to change|
Alphabet Market Sensitivity
|Alphabet returns are very sensitive to returns on the market. As market goes up or down, Alphabet is expected to follow. 2 Months Beta |Analyze Alphabet Demand TrendCheck current 30 days Alphabet correlation with market (DOW)|
β = 1.1099
Alphabet Central Daily Price Deviation
Alphabet Technical Analysis
Alphabet Projected Return Density Against MarketGiven the investment horizon of 30 days, the stock has beta coefficient of 1.1099 . This indicates Alphabet market returns are highly-sensitive to returns on the market. As the market goes up or down, Alphabet is expected to follow. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Alphabet is significantly underperforming DOW.
Predicted Return Density
Given the investment horizon of 30 days, the coefficient of variation of Alphabet is -2905.65. The daily returns are destributed with a variance of 1.99 and standard deviation of 1.41. The mean deviation of Alphabet is currently at 0.97. For similar time horizon, the selected benchmark (DOW) has volatility of 0.66
|Alpha over DOW||=||0.1|
|Beta against DOW||=||1.11|
Alphabet Return Volatilitythe firm inherits 1.4123% risk (volatility on return distribution) over the 30 days horizon. the entity inherits 0.6604% risk (volatility on return distribution) over the 30 days horizon.
Alphabet Investment Opportunity
Alphabet has a volatility of 1.41 and is 2.14 times more volatile than DOW. 12% of all equities and portfolios are less risky than Alphabet. Compared to the overall equity markets, volatility of historical daily returns of Alphabet is lower than 12 (%) of all global equities and portfolios over the last 30 days. Use Alphabet to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Alphabet to be traded at $1207.86 in 30 days. . Alphabet returns are very sensitive to returns on the market. As market goes up or down, Alphabet is expected to follow.
Alphabet correlation with market
Alphabet Current Risk Indicators
|Risk Adjusted Performance||0.0365|
|Market Risk Adjusted Performance||0.0652|
|Coefficient Of Variation||2125.41|
Alphabet Suggested Diversification Pairs