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AAPL PHG SNE HAR Manufacturing Small Value Currency 
Benchmark  United States  NYSE  10,599   39.667 Index Moved Up 0.38%  


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Apple Beta

 
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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

=
0.73
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 0.73. This is 35.19% higher than that of Consumer Goods sector, and 830.0% lower than that of Electronic Equipment industry, The Beta for all stocks is 329.41% lower than the firm.

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Found 10 equities

Beta

AAPL NMSApple Inc
0.73
PHG NYQKoninklijke Philips NV
1.65
SNE NYQSony Corporation
1.78
HAR NYQHarman International Industries Incorporated
2.41
TDY NYQTeledyne Technologies Inc
0.85
KODK NYQEastman Kodak Co
0.0
DAKT NMSDaktronics Inc
1.5
UEIC NMSUniversal Electronics Inc
2.09
MCIG OBBmCig Inc
34.42
MSN ASEEmerson Radio Corp
0.88
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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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 Equity28.82 %
Return On Asset14.61 %
Profit Margin21.28 %
Operating Margin28.31 %
Current Valuation449.23 B
Shares Outstanding891.99 M
Shares Owned by Insiders0.04 %
Shares Owned by Institutions62.00 %
Number of Shares Shorted22.98 M
Price to Earning13.18 times
Price to Book3.60 times
Price to Sales2.68 times
Revenue173.99 B
Gross Profit64.3 B
EBITDA56.56 B
Net Income37.03 B
Cash and Equivalents40.77 B
Cash per Share45.70 times
Total Debt16.96 B
Debt to Equity0.13 times
Current Ratio1.49 times
Book Value Per Share145.31 times
Cash Flow from Operations52.91 B
Short Ratio2.20 times
One Year High575.14
One Year Low385.1
Earnings Per Share40.23 times
Price to Earnings To Growth0.58 times
Number of Employees80.3 K
Beta0.73
Market Capitalization473.04 B
Total Asset225.18 B
Retained Earnings109.43 B
Working Capital26.58 B
Current Asset80.35 B
Current Liabilities53.77 B
Z Score16.2
Probability Of Bankruptcy1.00 %
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