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AAPL PHG SNE HAR 
Benchmark  United States  NYSE  11,046   36.629 Index Moved Up 0.33%  


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Apple Beta

   
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

=
0.74
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

In accordance with recently published financial statements Apple Inc has Beta of 0.74. This is 54.17% higher than that of the Consumer Goods sector, and 1025.0% lower than that of Electronic Equipment industry, The Beta for all stocks is 428.57% lower than the firm.

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Found 10 equities

Beta

AAPL NMSApple Inc
0.74
PHG NYQKoninklijke Philips NV
1.69
SNE NYQSony Corporation
1.82
HAR NYQHarman International Industries Incorporated
2.41
KODK NYQEastman Kodak Co
0.0
UEIC NMSUniversal Electronics Inc
2.16
MCIG OBBmCig Inc
33.14
WATT NCMEnergous Corporation
0.0
MSN ASEEmerson Radio Corp
0.86
SGOC NCMSGOCO Group Ltd
1.0
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
Apple is rated below average in beta category among related companies.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations when you add Apple Inc to your portfolio

Apple Inc Profile

AAPL
Apple Inc
USA Stock
Currency: USD - US Dollar
Traded on NASDAQ
 
As returns on market increase, Apple returns are expected to increase less than the market. However during bear market, the loss on holding Apple will be expected to be smaller as well.
Apple Inc Small BetaApple Inc Beta Legend

Other Apple Fundamentals

Return On Equity31.56 %
Return On Asset15.20 %
Profit Margin21.64 %
Operating Margin28.84 %
Current Valuation568.73 B
Shares Outstanding5.99 B
Shares Owned by Insiders0.04 %
Shares Owned by Institutions62.00 %
Number of Shares Shorted16.86 M
Price to Earning16.13 times
Price to Book4.73 times
Price to Sales3.21 times
Revenue178.14 B
Gross Profit64.3 B
EBITDA59.13 B
Net Income38.56 B
Cash and Equivalents37.93 B
Cash per Share6.33 times
Total Debt31.04 B
Debt to Equity0.26 times
Current Ratio1.47 times
Book Value Per Share20.19 times
Cash Flow from Operations56.37 B
Short Ratio1.70 times
One Year High99.44
One Year Low63.89
Earnings Per Share5.96 times
Price to Earnings To Growth1.24 times
Number of Employees80.3 K
Beta0.74
Market Capitalization575.61 B
Total Asset222.52 B
Retained Earnings98.72 B
Working Capital21.74 B
Current Asset67.95 B
Current Liabilities46.2 B
Z Score10.8
Probability Of Bankruptcy1.00 %


 

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