Apple Risk Analysis

Macroaxis considers Apple to be not too risky. Apple Inc secures Sharpe Ratio (or Efficiency) of -0.0246 which signifies that Apple Inc had -0.0246% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Apple Inc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Apple Inc Risk Adjusted Performance of (0.01) and Mean Deviation of 0.4037 to double-check risk estimate we provide.
Investment Horizon     30 Days    Login   to change

Apple Market Sensitivity

As returns on market increase, returns on owning Apple are expected to decrease at a much smaller rate. During bear market, Apple is likely to outperform the market.
One Month Beta |Analyze Apple Inc Demand Trend
Check current 30 days Apple correlation with market (NYSE)
β = -0.234
Apple Almost negative betaApple Inc Beta Legend

Projected Return Density Against Market

Given the investment horizon of 30 days, Apple Inc has beta of -0.234 . This suggests as returns on benchmark increase, returns on holding Apple are expected to decrease at a much smaller rate. During bear market, however, Apple Inc is likely to outperform the market. Additionally, Apple Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming NYSE
 Predicted Return Density 
Benchmark  Embed    Returns 
Given the investment horizon of 30 days, the coefficient of variation of Apple is -4070.13. The daily returns are destributed with a variance of 0.3 and standard deviation of 0.55. The mean deviation of Apple Inc is currently at 0.4. For similar time horizon, the selected benchmark (NYSE) has volatility of 0.49
α
Alpha over NYSE
=(0.02) 
βBeta against NYSE=(0.23) 
σ
Overall volatility
= 0.55 
 IrInformation ratio =(0.09) 

Actual Return Volatility

Apple Inc inherits 0.5465% risk (volatility on return distribution) over the 30 days horizon. NYSE inherits 0.0% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
Benchmark  Embed    Timeline 

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

30 Days Economic Sensitivity

Almost neglects market

Total Debt

Apple Inc Total Debt History

Largest Trends

Apple Largest Period Trend
 141.88 
  
 140.68 
1.20  0.85%
Lowest period price (30 days)
 143.25 
  
 144.77 
1.52  1.06%
Highest period price (30 days)

Investment Outlook

Apple Investment Opportunity
Apple Inc has a volatility of 0.55 and is 9.223372036854776E16 times more volatile than NYSE. 5% of all equities and portfolios are less risky than Apple. Compared to the overall equity markets, volatility of historical daily returns of Apple Inc is lower than 5 (%) of all global equities and portfolios over the last 30 days. Use Apple Inc to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Apple to be traded at 142.21 in 30 days. As returns on market increase, returns on owning Apple are expected to decrease at a much smaller rate. During bear market, Apple is likely to outperform the market.

Apple correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Apple Inc. and equity matching NYA index in the same portfolio.

Volatility Indicators

Apple Current Risk Indicators