Alphabet Cdr (cad Hedged) Stock Market Value
| GOOG Stock | 51.12 0.08 0.16% |
| Symbol | Alphabet |
Alphabet CDR '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 CDR'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 CDR.
| 01/12/2023 |
| 12/27/2025 |
If you would invest 0.00 in Alphabet CDR on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Alphabet CDR (CAD Hedged) or generate 0.0% return on investment in Alphabet CDR over 1080 days. Alphabet CDR is related to or competes with Sangoma Technologies, A W, Conavi Medical, Calian Technologies, Firan Technology, CHAR Technologies, and Western Investment. More
Alphabet CDR 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 CDR'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 CDR (CAD Hedged) upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.1447 | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 3.56 |
Alphabet CDR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alphabet CDR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alphabet CDR's standard deviation. In reality, there are many statistical measures that can use Alphabet CDR historical prices to predict the future Alphabet CDR's volatility.| Risk Adjusted Performance | 0.1383 | |||
| Jensen Alpha | 0.3067 | |||
| Total Risk Alpha | 0.1538 | |||
| Sortino Ratio | 0.175 | |||
| Treynor Ratio | 0.7204 |
Alphabet CDR Backtested Returns
Alphabet CDR appears to be very steady, given 3 months investment horizon. Alphabet CDR secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alphabet CDR (CAD Hedged), which you can use to evaluate the volatility of the firm. Please makes use of Alphabet CDR's Downside Deviation of 1.54, mean deviation of 1.48, and Risk Adjusted Performance of 0.1383 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alphabet CDR holds a performance score of 17. The firm shows a Beta (market volatility) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alphabet CDR's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alphabet CDR is expected to be smaller as well. Please check Alphabet CDR's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Alphabet CDR's price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Alphabet CDR (CAD Hedged) has good predictability. Overlapping area represents the amount of predictability between Alphabet CDR time series from 12th of January 2023 to 5th of July 2024 and 5th of July 2024 to 27th of December 2025. 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 CDR price movement. The serial correlation of 0.68 indicates that around 68.0% of current Alphabet CDR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 5.24 |
Alphabet CDR lagged returns against current returns
Autocorrelation, which is Alphabet CDR 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 CDR's stock expected returns. We can calculate the autocorrelation of Alphabet CDR returns to help us make a trade decision. For example, suppose you find that Alphabet CDR 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 CDR 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 CDR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alphabet CDR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alphabet CDR stock over time.
Current vs Lagged Prices |
| Timeline |
Alphabet CDR Lagged Returns
When evaluating Alphabet CDR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alphabet CDR stock have on its future price. Alphabet CDR 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 CDR autocorrelation shows the relationship between Alphabet CDR stock current value and its past values and can show if there is a momentum factor associated with investing in Alphabet CDR (CAD Hedged).
Regressed Prices |
| Timeline |
Pair Trading with Alphabet CDR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alphabet CDR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alphabet CDR will appreciate offsetting losses from the drop in the long position's value.Moving together with Alphabet Stock
Moving against Alphabet Stock
The ability to find closely correlated positions to Alphabet CDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alphabet CDR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alphabet CDR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alphabet CDR (CAD Hedged) to buy it.
The correlation of Alphabet CDR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alphabet CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alphabet CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alphabet CDR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Alphabet Stock
Alphabet CDR 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 CDR security.