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 
 = 
1.44

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.
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Apple Beta Assessment

 Beta 
Benchmark  Embed   Apple Comparables 
In accordance with recently published financial statements Apple Inc has Beta of 1.44. This is 114.93% higher than that of the Consumer Goods sector, and 747.06% higher than that of Electronic Equipment industry, The Beta for all stocks is 323.53% lower than the firm.
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Found 8 equities by Beta
AAPL NMSApple Inc
1.44
SNE NYQSony Corporation
1.88
PHG NYQKoninklijke Philips NV
1.18
HAR NYQHarman International Industries Incorporated
1.51
2457 TPEPHIHONG TECHNOLOGY TWD10
0.0
UEIC NMSUniversal Electronics Inc
1.59
KODK NYQEastman Kodak Co
0.67
WATT NCMEnergous Corporation
0.0
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
Peer Comparison
Apple Beta Comparison
  Beta 
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Apple is rated fourth in beta category among related companies.
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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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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 Equity36.90 %
Return On Asset12.26 %
Profit Margin21.19 %
Operating Margin27.84 %
Current Valuation653.91 B
Shares Outstanding5.33 B
Shares Owned by Insiders0.03 %
Shares Owned by Institutions60.20 %
Number of Shares Shorted58.95 M
Price to Earning14.32 times
Price to Book4.96 times
Price to Sales2.95 times
Revenue215.64 B
Gross Profit84.26 B
EBITDA70.53 B
Net Income45.69 B
Cash and Equivalents67.88 B
Cash per Share12.73 times
Total Debt87.04 B
Debt to Equity0.68 times
Current Ratio1.35 times
Book Value Per Share24.03 times
Cash Flow from Operations65.82 B
Short Ratio1.45 times
One Year High119.93
One Year Low89.47
Earnings Per Share8.31 times
Price to Earnings To Growth1.10 times
Number of Employees116 K
Beta1.44
Market Capitalization634.76 B
Total Asset321.69 B
Retained Earnings96.36 B
Working Capital27.86 B
Current Asset106.87 B
Current Liabilities79.01 B
Z Score4.2
Last Dividend Paid0.57