Macroaxis considers Apple not too risky given 1 month investment horizon. Apple secures Sharpe Ratio (or Efficiency) of 0.4079 which signifies that Apple had 0.4079% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By analyzing Apple technical indicators you can presently evaluate if the expected return of 0.6177% is justified by implied risk. Please makes use of Apple Coefficient Of Variation of 258.54, Risk Adjusted Performance of 0.01 and Mean Deviation of 1.07 to double-check if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Apple Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Apple has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and Apple are completely uncorrelated. Furthermore, AppleIt does not look like Apple alpha can have any bearing on the equity current valuation.
Predicted Return Density