Apple Beta

Macroaxis Equity Filters allow users to customize the simple screener criteria below or select from a set of available quick indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations

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 
 = 
1.5

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
In accordance with recently published financial statements Apple Inc has Beta of 1.5. This is much higher than that of the sector, and significantly higher than that of Beta industry, The Beta for all stocks is over 1000% lower than the firm.
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Showing first 32 of many similar equities found by Beta
FMCCT OBBFederal Home Loan Mortgage Corporation
0.45
EIPAF PNKEni SpA
1.19
AKBIF PNKAkebono Brake Industry Co Ltd
0.31
CGUIY PNKCASINO GUICHARD PERR
0.0
IVSBY PNKInvestor AB
1.0
FNMFO PNKFederal National Mortgage Association
0.0
MSADF PNKMSAD Insurance Group Holdings Inc
0.99
AHOND PNKKoninklijke Ahold NV
0.71
CHYFF PNKCathay Financial Holding Co Ltd
0.0
FNMFO PNKFED NATL MTG PFD I
0.0
HPQ NYQHP Inc
1.58
AAPL NMSApple Inc
1.5
N NYQNetSuite Inc
26.02
FB NMSFacebook Inc
0.46
BR NYQBroadridge Financial Solutions Inc
0.97
CA NMSCA Inc
0.7
NQ NYQNQ Mobile Inc
0.45
IT NYQGartner Inc
0.99
INTU NMSIntuit Inc
1.29
RENN NYQRenren Inc
0.79
SABR NMSSabre Corporation
0.0
SATS NMSEchoStar Corp
0.67
SNPS NMSSynopsys Inc
1.08
SPLK NMSSplunk Inc
2.33
AVG NYQAVG Technologies NV
1.81
IMS NYQIMS Health Holdings Inc
0.15
IAC NMSIACInterActiveCorp
1.28
IBM NYQInternational Business Machines Corporation
0.86
HRS NYQHarris Corporation
1.12
HPE NYQHewlett Packard Enterprise Company
0.0
CDW NMSCDW Corporation
0.99
CDK NMSCDK Global Inc
0.0
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
Peer Comparison
Apple Beta Comparison
  Beta 
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Apple is rated third 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 Equity36.90 %
Return On Asset12.26 %
Profit Margin21.19 %
Operating Margin27.84 %
Current Valuation605.18 B
Shares Outstanding5.33 B
Shares Owned by Insiders0.03 %
Shares Owned by Institutions60.20 %
Number of Shares Shorted54.68 M
Price to Earning13.23 times
Price to Book4.56 times
Price to Sales2.71 times
Revenue215.64 B
Gross Profit84.26 B
EBITDA70.53 B
Net Income45.69 B
Cash and Equivalents67.88 B
Cash per Share12.73 times
Total Debt87.04 B
Debt to Equity0.68 times
Current Ratio1.35 times
Book Value Per Share24.03 times
Cash Flow from Operations65.82 B
Short Ratio1.27 times
One Year High119.86
One Year Low89.47
Earnings Per Share8.31 times
Price to Earnings To Growth1.40 times
Number of Employees116 K
Beta1.5
Market Capitalization586.02 B
Total Asset321.69 B
Retained Earnings96.36 B
Working Capital27.86 B
Current Asset106.87 B
Current Liabilities79.01 B
Z Score3.6
Last Dividend Paid0.57