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TheTechnicalRoom
Dec 28, 2013 3:25 AM

Can Google Surpass the SP500 Long

Alphabet Inc.NASDAQ

Description

This chart was drawn for @howardlindzon little competition to see who can guess when GOOG will cross the SPX. Looking at the correlation of GOOG vs. SPX I find this very hard to happen. Currently they have a 96.5 % correlation and GOOG has approximately 65% of catch up to do. This year GOOG has gained 58% ytd and the SP500 has gained 29%. If everything was fair in the world we could give this spread a 2:1 ratio. Therefore my guess of the cross-over would be December 2015.
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