Alphabet (Germany) Market Value
| ABEC Stock | EUR 163.58 2.58 1.60% |
| Symbol | Alphabet |
Alphabet 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alphabet's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alphabet.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Alphabet on August 29, 2024 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 90 days. Alphabet is related to or competes with Alphabet, Microsoft, Amazon, and Meta Platforms. Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacif... More
Alphabet Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alphabet's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alphabet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.013 | |||
| Maximum Drawdown | 9.66 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 2.11 |
Alphabet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphabet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphabet's standard deviation. In reality, there are many statistical measures that can use Alphabet historical prices to predict the future Alphabet's volatility.| Risk Adjusted Performance | 0.0744 | |||
| Jensen Alpha | 0.0982 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0114 | |||
| Treynor Ratio | 0.3884 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alphabet's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Alphabet Backtested Returns
At this point, Alphabet is very steady. Alphabet secures Sharpe Ratio (or Efficiency) of 0.0901, which signifies that the company had a 0.0901% return per unit of risk over the last 3 months. We have found thirty technical indicators for Alphabet, which you can use to evaluate the volatility of the firm. Please confirm Alphabet's Downside Deviation of 1.92, risk adjusted performance of 0.0744, and Mean Deviation of 1.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Alphabet has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alphabet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alphabet is expected to be smaller as well. Alphabet right now shows a risk of 1.69%. Please confirm Alphabet total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Alphabet will be following its price patterns.
Auto-correlation | 0.58 |
Modest predictability
Alphabet has modest predictability. Overlapping area represents the amount of predictability between Alphabet time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th of November 2024. 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 0.58 indicates that roughly 58.0% of current Alphabet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 43.13 |
Alphabet lagged returns against current returns
Autocorrelation, which is Alphabet stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alphabet's stock expected returns. We can calculate the autocorrelation of Alphabet returns to help us make a trade decision. For example, suppose you find that Alphabet has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alphabet regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alphabet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphabet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphabet stock over time.
Current vs Lagged Prices |
| Timeline |
Alphabet Lagged Returns
When evaluating Alphabet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphabet stock have on its future price. Alphabet autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alphabet autocorrelation shows the relationship between Alphabet stock current value and its past values and can show if there is a momentum factor associated with investing in Alphabet.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Alphabet Stock
Alphabet financial ratios help investors to determine whether Alphabet Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alphabet with respect to the benefits of owning Alphabet security.