Apple Inc 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 Inc 
Beta 
 = 
Covariance 
Variance 
 = 
1.35

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 Inc to competition

Apple Inc Beta Assessment

Beta  
Benchmark  Embed   Apple Inc Comparables 
In accordance with recently published financial statements Apple Inc has Beta of 1.35. This is 3275.0% higher than that of the Consumer Goods sector, and 4400.0% higher than that of Electronic Equipment industry, The Beta for all stocks is 237.5% lower than the firm.
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Found 10 equities

Beta

AAPL NMSApple Inc
1.35
SNE NYQSony Corporation
1.74
PHG NYQKoninklijke Philips NV
1.72
HAR NYQHarman International Industries Incorporated
1.1
2457 TPEPHIHONG TECHNOLOGY TWD10
0.0
UEIC NMSUniversal Electronics Inc
1.66
KODK NYQEastman Kodak Co
0.0
VUZI NCMVuzix Corporation
0.83
WATT NCMEnergous Corporation
0.0
MSN ASEEmerson Radio Corp
0.65
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
Peer Comparison
Apple Inc Beta Comparison
Beta  
Benchmark  Embed   Apple Inc Comparables 
Apple Inc is rated fourth 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 Inc will likely underperform.
Return On Equity42.71 %
Return On Asset16.02 %
Profit Margin22.87 %
Operating Margin30.28 %
Current Valuation545.91 B
Shares Outstanding5.54 B
Shares Owned by Insiders0.03 %
Shares Owned by Institutions60.20 %
Number of Shares Shorted68.19 M
Price to Earning10.11 times
Price to Book4.06 times
Price to Sales2.22 times
Revenue234.99 B
Gross Profit93.63 B
EBITDA82.79 B
Net Income53.73 B
Cash and Equivalents38.39 B
Cash per Share6.92 times
Total Debt62.99 B
Debt to Equity0.49 times
Current Ratio1.00 times
Book Value Per Share23.13 times
Cash Flow from Operations75.01 B
Short Ratio1.26 times
One Year High134.54
One Year Low92.0
Earnings Per Share9.40 times
Price to Earnings To Growth0.87 times
Number of Employees110 K
Beta1.35
Market Capitalization526.79 B
Total Asset293.28 B
Retained Earnings101.49 B
Working Capital127 M
Current Asset76.22 B
Current Liabilities76.09 B
Z Score4.8