Macroaxis considers Apple to be not too risky. Apple Inc secures Sharpe Ratio (or Efficiency) of -0.1749 which signifies that Apple Inc had -0.1749% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Apple Inc exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Apple Inc Risk Adjusted Performance of
(0.04) and Mean Deviation of 0.9129 to double-check risk estimate we provide.
|Investment Horizon||30 Days Login to change|
Apple Market Sensitivity
|As returns on market increase, returns on owning Apple are expected to decrease at a much smaller rate. During bear market, Apple is likely to outperform the market.One Month Beta |Analyze Apple Inc Demand TrendCheck current 30 days Apple correlation with market (DOW)|
β = -0.7663
Projected Return Density Against MarketGiven the investment horizon of 30 days, Apple Inc has beta of -0.7663 . This suggests as returns on benchmark increase, returns on holding Apple are expected to decrease at a much smaller rate. During bear market, however, Apple Inc is likely to outperform the market. Additionally, Apple Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Given the investment horizon of 30 days, the coefficient of variation of Apple is -571.8. The daily returns are destributed with a variance of 1.89 and standard deviation of 1.37. The mean deviation of Apple Inc is currently at 0.95. For similar time horizon, the selected benchmark (DOW) has volatility of 0.29