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 
 = 
1.52

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

 Beta 
Benchmark  Embed   Apple Comparables 
In accordance with recently published financial statements Apple Inc has Beta of 1.52. This is 790.91% lower than that of the Consumer Goods sector, and 1166.67% higher than that of Electronic Equipment industry, The Beta for all stocks is 192.31% lower than the firm.
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Showing first 31 of many similar equities found by Beta
AAPL NMSApple Inc
1.52
SNE NYQSony Corporation
1.69
PHG NYQKoninklijke Philips NV
1.35
HAR NYQHarman International Industries Incorporated
1.35
2457 TPEPHIHONG TECHNOLOGY TWD10
0.0
UEIC NMSUniversal Electronics Inc
1.68
KODK NYQEastman Kodak Co
0.83
WATT NCMEnergous Corporation
0.0
VUZI NCMVuzix Corporation
0.93
MSN ASEEmerson Radio Corp
0.58
HPQ NYQHP Inc
1.61
FB NMSFacebook Inc
0.52
BR NYQBroadridge Financial Solutions Inc
1.0
CA NMSCA Inc
0.68
NQ NYQNQ Mobile Inc
0.22
INTU NMSIntuit Inc
1.31
RENN NYQRenren Inc
0.78
SABR NMSSabre Corporation
0.0
SATS NMSEchoStar Corp
0.89
SNPS NMSSynopsys Inc
0.99
AVG NYQAVG Technologies NV
1.62
IMS NYQIMS Health Holdings Inc
0.15
IAC NMSIACInterActiveCorp
1.3
IBM NYQInternational Business Machines Corporation
0.79
HRS NYQHarris Corporation
1.1
CDW NMSCDW Corporation
0.87
CSC NYQComputer Sciences Corporation
1.08
CRM NYQsalesforce inc
1.46
EMC NYQEMC Corporation
0.92
RHT NYQRed Hat Inc
1.3
SYMC NMSSymantec Corporation
0.95
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 third in beta category among related companies.
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Chance of Distress

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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 Equity37.90 %
Return On Asset13.58 %
Profit Margin21.70 %
Operating Margin28.55 %
Current Valuation629.65 B
Shares Outstanding5.39 B
Shares Owned by Insiders0.03 %
Shares Owned by Institutions60.20 %
Number of Shares Shorted51.76 M
Price to Earning13.14 times
Price to Book4.89 times
Price to Sales2.80 times
Revenue220.29 B
Gross Profit93.63 B
EBITDA73.96 B
Net Income47.8 B
Cash and Equivalents62.62 B
Cash per Share11.62 times
Total Debt84.94 B
Debt to Equity0.67 times
Current Ratio1.31 times
Book Value Per Share23.46 times
Cash Flow from Operations63.17 B
Short Ratio1.72 times
One Year High123.82
One Year Low89.47
Earnings Per Share8.58 times
Price to Earnings To Growth1.77 times
Number of Employees110 K
Beta1.52
Market Capitalization607.33 B
Total Asset305.6 B
Retained Earnings96.54 B
Working Capital22.28 B
Current Asset93.76 B
Current Liabilities71.49 B
Z Score4.2