Apple Beta

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Beta Analysis

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 
 = 
1.34

Distress Driver Correlations

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 to competition

Income

Apple Income Change Over Time

Accumulated Other Comprehensive Income

In accordance with recently published financial statements Apple Inc has Beta of 1.34. This is much higher than that of the IT sector, and significantly higher than that of Computers Phones And Devices industry, The Beta for all stocks is over 1000% lower than the firm.

Peer Comparison

Apple Beta Comparison
  Beta 
      Apple Comparables 
Apple is currently under evaluation in beta category among related companies.

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As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Apple will likely underperform.