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 
 = 
1.44

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

Apple Beta Assessment

Margin

Apple Margin Growth Rates

Operating Margin

EBITDA Margin

Gross Margin

In accordance with recently published financial statements Apple Inc has Beta of 1.44. 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 rated fifth 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.
Return On Equity8.70 %
Return On Asset0.12 %
Profit Margin0.21 %
Operating Margin27.84 %
Current Valuation674.03 B
Shares Outstanding5.21 B
Shares Owned by Insiders0.03 %
Shares Owned by Institutions60.20 %
Number of Shares Shorted58.95 M
Price to Earning18.02 times
Price to Book5.92 times
Price to Sales3.63 times
Revenue215.64 B
Gross Profit84.26 B
EBITDA69.72 B
Net Income45.69 B
Cash and Equivalents20.48 B
Cash per Share12.73 times
Total Debt87.03 B
Debt to Equity0.68 times
Current Ratio1.35 times
Book Value Per Share25.76 times
Cash Flow from Operations65.82 B
Short Ratio2.33 times
Earnings Per Share8.52 times
Price to Earnings To Growth1.54 times
Number of Employees116 K
Beta1.44
Market Capitalization800.9 B
Total Asset321.69 B
Retained Earnings96.36 B
Working Capital27.86 B
Current Asset106.87 B
Current Liabilities79.01 B
Z Score5.4
Last Dividend Paid2.52