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Apple Beta 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.

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

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In accordance with recently published financial statements Apple Inc has Beta of 1.25. This is 160.42% higher than that of the Consumer Goods sector, and 1662.5% lower than that of Electronic Equipment industry, The Beta for all stocks is 792.86% lower than the firm.

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Found 10 equities


PHG NYQKoninklijke Philips NV
SNE NYQSony Corporation
HAR NYQHarman International Industries Incorporated
UEIC NMSUniversal Electronics Inc
KODK NYQEastman Kodak Co
WATT NCMEnergous Corporation
VUZI OBBVuzix Corporation
EDIG PNKeDigital Corporation
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
Apple is rated fifth in beta category among related companies.
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Apple Inc Profile

NameApple Inc
InstrumentUSA Stock
CurrencyUSD - US Dollar
ExchangeTraded on NASDAQ
As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Apple will likely underperform.
Apple Inc Large BetaApple Inc Beta Legend

Other Apple Fundamentals

Return On Equity33.61 %
Return On Asset14.96 %
Profit Margin21.61 %
Operating Margin28.72 %
Current Valuation672.51 B
Shares Outstanding5.86 B
Shares Owned by Insiders0.05 %
Shares Owned by Institutions62.10 %
Number of Shares Shorted74.48 M
Price to Earning16.95 times
Price to Book5.80 times
Price to Sales3.54 times
Revenue182.8 B
Gross Profit70.54 B
Net Income39.51 B
Cash and Equivalents25.16 B
Cash per Share4.29 times
Total Debt35.3 B
Debt to Equity0.32 times
Current Ratio1.08 times
Book Value Per Share19.01 times
Cash Flow from Operations59.71 B
Short Ratio1.90 times
One Year High119.75
One Year Low70.51
Earnings Per Share6.45 times
Price to Earnings To Growth1.26 times
Number of Employees92.6 K
Market Capitalization641.2 B
Total Asset231.84 B
Retained Earnings87.15 B
Working Capital5.08 B
Current Asset68.53 B
Current Liabilities63.45 B
Z Score10.8
Probability Of Bankruptcy1.00 %



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