ALPHABET INC Market Value
| 02079KAF4 | 55.15 2.09 3.65% |
| 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 bond 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.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in ALPHABET on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding ALPHABET INC or generate 0.0% return on investment in ALPHABET over 360 days. ALPHABET is related to or competes with Shake Shack, Dennys Corp, Sweetgreen, RCI Hospitality, Canlan Ice, Xponential Fitness, and GEN Restaurant. 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 bond 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 INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 16.77 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 4.39 |
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 | (0.03) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.18) |
ALPHABET INC Backtested Returns
At this point, ALPHABET is very steady. ALPHABET INC secures Sharpe Ratio (or Efficiency) of 0.0197, which signifies that the bond had a 0.0197% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for ALPHABET INC, which you can use to evaluate the volatility of the entity. Please confirm ALPHABET's mean deviation of 1.68, and Risk Adjusted Performance of (0.03) to double-check if the risk estimate we provide is consistent with the expected return of 0.0363%. The bond shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. ALPHABET returns are very sensitive to returns on the market. As the market goes up or down, ALPHABET is expected to follow.
Auto-correlation | -0.26 |
Weak reverse predictability
ALPHABET INC has weak reverse predictability. Overlapping area represents the amount of predictability between ALPHABET time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 INC price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current ALPHABET price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 3.31 |
ALPHABET INC lagged returns against current returns
Autocorrelation, which is ALPHABET bond'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 bond 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 bond 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALPHABET bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALPHABET bond 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 bond 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 bond current value and its past values and can show if there is a momentum factor associated with investing in ALPHABET INC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in ALPHABET Bond
ALPHABET financial ratios help investors to determine whether ALPHABET Bond 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.