Alphabet Inc Cdr Stock Market Value
| GOOG Stock | 32.79 0.18 0.55% |
| 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.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in Alphabet on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding Alphabet Inc CDR or generate 0.0% return on investment in Alphabet over 180 days. Alphabet is related to or competes with Walmart, Amazon CDR, Berkshire Hathaway, UnitedHealth Group, Apple, CVS HEALTH, and Exxon. Alphabet is entity of Canada. It is traded as Stock on NEO exchange. 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 Inc CDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.1426 | |||
| Maximum Drawdown | 9.26 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 3.61 |
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 | 0.1396 | |||
| Jensen Alpha | 0.268 | |||
| Total Risk Alpha | 0.2108 | |||
| Sortino Ratio | 0.1452 | |||
| Treynor Ratio | 0.5021 |
Alphabet CDR Backtested Returns
Alphabet appears to be very steady, given 3 months investment horizon. Alphabet CDR secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alphabet Inc CDR, which you can use to evaluate the volatility of the firm. Please makes use of Alphabet's Mean Deviation of 1.28, downside deviation of 1.74, and Risk Adjusted Performance of 0.1396 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alphabet holds a performance score of 13. The firm shows a Beta (market volatility) of 0.57, 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. Please check Alphabet's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Alphabet's price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Alphabet Inc CDR has good reverse predictability. Overlapping area represents the amount of predictability between Alphabet time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th of December 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 CDR price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Alphabet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 2.59 |
Alphabet CDR 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 Inc CDR.
Regressed Prices |
| Timeline |
Pair Trading with Alphabet
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving together with Alphabet Stock
Moving against Alphabet Stock
| 0.84 | CVS | CVS HEALTH CDR | PairCorr |
| 0.72 | XOM | EXXON MOBIL CDR | PairCorr |
| 0.62 | UNH | UnitedHealth Group CDR | PairCorr |
| 0.41 | QTWO | Q2 Metals Corp | PairCorr |
The ability to find closely correlated positions to Alphabet 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 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 - 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 Inc CDR to buy it.
The correlation of Alphabet 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 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 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 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.