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Apple Beta

$125.43  0.90  0.72%
    
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.
Apple 
Beta 
 = 
Covariance 
Variance 
 = 
1.07

About Beta

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Compare Apple to competition

Apple Beta Assessment

Value  
Benchmark  Embed   Apple Comparables 
In accordance with recently published financial statements Apple Inc has Beta of 1.07. This is 122.92% higher than that of the Consumer Goods sector, and 1437.5% lower than that of Electronic Equipment industry, The Beta for all stocks is 664.29% lower than the firm.

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Found 10 equities

Beta

AAPL NMSApple Inc
1.07
SNE NYQSony Corporation
1.5
PHG NYQKoninklijke Philips NV
1.52
HAR NYQHarman International Industries Incorporated
0.17
2457 TPEPHIHONG TECHNOLOGY TWD10
0.0
UEIC NMSUniversal Electronics Inc
1.52
KODK NYQEastman Kodak Co
0.0
VUZI OBBVuzix Corporation
0.67
WATT NCMEnergous Corporation
0.0
INSA PNKInvisa Inc
0.76
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
Apple is rated fourth in beta category among related companies.
PHG  
Benchmark  Embed   Apple Comparables 
SymbolAAPL
ISINUS0378331005
CUSIP037833100
NameApple Inc
InstrumentUSA Stock
Analyst ConsensusBuy 34 Opinions
Risk-adjusted AdviceStrong Hold Unknown Real Value
Average Bond RatingAA+ Excellent
CurrencyUSD - US Dollar
ExchangeNASDAQ
DescriptionApple Inc. designs manufactures and markets mobile communication and media devices personal computers watches and portable digital music players worldwide. more
Apple returns are very sensitive to returns on the market. As market goes up or down, Apple is expected to follow.

Other Apple Fundamentals

Return On Equity38.37 %
Return On Asset17.12 %
Profit Margin22.53 %
Operating Margin30.15 %
Current Valuation751.6 B
Shares Outstanding5.76 B
Shares Owned by Insiders0.05 %
Shares Owned by Institutions62.10 %
Number of Shares Shorted61.97 M
Price to Earning15.99 times
Price to Book5.78 times
Price to Sales3.51 times
Revenue212.16 B
Gross Profit70.54 B
EBITDA72.94 B
Net Income47.81 B
Cash and Equivalents33.42 B
Cash per Share5.80 times
Total Debt43.87 B
Debt to Equity0.34 times
Current Ratio1.16 times
Book Value Per Share22.39 times
Cash Flow from Operations76.31 B
Short Ratio1.50 times
One Year High134.54
One Year Low89.65
Earnings Per Share8.05 times
Price to Earnings To Growth1.08 times
Number of Employees92.6 K
Beta1.07
Market Capitalization741.16 B
Total Asset261.19 B
Retained Earnings100.92 B
Working Capital9.16 B
Current Asset67.89 B
Current Liabilities58.73 B
Z Score9.6