Apple Beta

  

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 
 = 
1.49

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 Apple to competition

Apple Beta Assessment

 Beta 
Benchmark  Embed   Apple Comparables 
In accordance with recently published financial statements Apple Inc has Beta of 1.49. This is 3625.0% higher than that of the Consumer Goods sector, and 2383.33% higher than that of Electronic Equipment industry, The Beta for all stocks is 776.47% lower than the firm.
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Filter other Stocks by Beta

Beta Input Range 
Industry  
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Found 10 equities by Beta
AAPL NMSApple Inc
1.49
SNE NYQSony Corporation
1.49
PHG NYQKoninklijke Philips NV
1.45
HAR NYQHarman International Industries Incorporated
1.19
2457 TPEPHIHONG TECHNOLOGY TWD10
0.0
UEIC NMSUniversal Electronics Inc
1.63
KODK NYQEastman Kodak Co
0.0
WATT NCMEnergous Corporation
0.0
VUZI NCMVuzix Corporation
0.03
MSN ASEEmerson Radio Corp
0.47
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
Peer Comparison
Apple Beta Comparison
  Beta 
Benchmark  Embed   Apple Comparables 
Apple is rated second in beta category among related companies.
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 Equity39.06 %
Return On Asset14.76 %
Profit Margin22.27 %
Operating Margin29.39 %
Current Valuation535.66 B
Shares Outstanding5.48 B
Shares Owned by Insiders0.03 %
Shares Owned by Institutions60.20 %
Number of Shares Shorted55.73 M
Price to Earning10.25 times
Price to Book3.92 times
Price to Sales2.25 times
Revenue227.54 B
Gross Profit93.63 B
EBITDA78.5 B
Net Income50.68 B
Cash and Equivalents55.84 B
Cash per Share10.20 times
Total Debt79.91 B
Debt to Equity0.61 times
Current Ratio1.28 times
Book Value Per Share23.81 times
Cash Flow from Operations67.53 B
Short Ratio2.32 times
One Year High132.97
One Year Low89.47
Earnings Per Share8.98 times
Price to Earnings To Growth1.23 times
Number of Employees110 K
Beta1.49
Market Capitalization504.14 B
Total Asset305.28 B
Retained Earnings102.02 B
Working Capital19.33 B
Current Asset87.59 B
Current Liabilities68.26 B
Z Score3.6