Alphabet Alpha and Beta Analysis

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GOOG -- USA Stock  

USD 1,542  30.75  2.04%

This module allows you to check different measures of market premium (i.e. an alpha and beta) for all equities including Alphabet, as well as systematic risk associated with investing in Alphabet over a specified time horizon. Please check Alphabet Backtesting, Alphabet Valuation, Alphabet Correlation, Alphabet Hype Analysis, Alphabet Volatility, Alphabet History and analyze Alphabet Performance.

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Please note that although Alphabet alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Alphabet did 0.46  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Alphabet stock's relative risk over its benchmark. Alphabet has a beta of 0.29  . Let's try to break down what Alphabet's beta means in this case. As returns on the market increase, returns on owning Alphabet are expected to decrease at a much lower rate. During the bear market, Alphabet is likely to outperform the market. . Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Alphabet Market Premiums

α0.46   β-0.29
30 days against DJI

Alphabet expected buy-and-hold returns

Alphabet Market Price Analysis

Alphabet Return and Market Media

The median price of Alphabet for the period between Mon, Apr 13, 2020 and Sun, Jul 12, 2020 is 1403.84 with a coefficient of variation of 6.1. The daily time series for the period is distributed with a sample standard deviation of 84.1, arithmetic mean of 1377.93, and mean deviation of 68.79. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
      Timeline 
1
Reiterating Our Optimistic Take On Alphabet - Seeking Alpha05/08/2020
2
Apple-Google contact tracing tech draws interest in 23 count...05/20/2020
3
Is Alphabet a Smart Long-term Buy - Yahoo Finance05/26/2020
4
Better Buy Alibaba vs. Alphabet - Nasdaq05/29/2020
5
Nasdaq Hits Record High as U.S. Economy Shows Signs of Rebou...06/05/2020
6
Is Big Tech Too Big To Fail - Yahoo Finance06/15/2020
7
Alphabet Inc Fares the Worst Out of mega cap US stocks, Down...06/18/2020
8
Runaway Nasdaq A reason for caution is in the charts - The G...06/24/2020
9
Google Puts Off Reopening Offices As Coronavirus Infections ...07/01/2020
10
Google Stops Project For Cloud Services In China - Yahoo Fin...07/09/2020

About Alphabet Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Alphabet has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page