Apple Financial Ratios Analysis

AAPL Stock  USD 173.72  1.10  0.64%   
Most ratios from Apple's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Apple Inc current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Apple Valuation and Apple Correlation analysis.
  
At this time, Apple's Free Cash Flow Per Share is quite stable compared to the past year. Price To Free Cash Flows Ratio is expected to rise to 25.69 this year, although the value of Price Earnings Ratio will most likely fall to 15.15.
Most ratios from Apple's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Apple Inc current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Apple Valuation and Apple Correlation analysis.
At this time, Apple's Free Cash Flow Per Share is quite stable compared to the past year. Price To Free Cash Flows Ratio is expected to rise to 25.69 this year, although the value of Price Earnings Ratio will most likely fall to 15.15.
 2016 2022 2023 2024 (projected)
Price Earnings Ratio24.6127.9125.1215.15
Short Term Coverage Ratios5.796.996.293.77

Apple fundamentals Correlations

0.430.08-0.07-0.220.08-0.010.630.08-0.10.080.070.08-0.26-0.44-0.630.08-0.640.090.10.030.090.130.09-0.10.09
0.430.59-0.580.050.60.16-0.140.37-0.590.410.73-0.34-0.60.250.15-0.38-0.670.510.59-0.410.59-0.490.54-0.590.59
0.080.59-0.990.780.970.520.030.92-0.980.940.950.39-0.940.29-0.010.34-0.730.920.940.390.940.150.96-0.980.91
-0.07-0.58-0.99-0.76-0.99-0.44-0.08-0.951.0-0.96-0.92-0.430.91-0.240.06-0.380.76-0.95-0.97-0.38-0.97-0.2-0.981.0-0.95
-0.220.050.78-0.760.690.74-0.050.76-0.750.750.690.53-0.80.470.060.51-0.320.630.610.740.610.370.68-0.750.56
0.080.60.97-0.990.690.320.130.96-0.990.970.880.45-0.860.16-0.120.39-0.790.980.990.330.990.210.99-0.990.98
-0.010.160.52-0.440.740.32-0.350.3-0.410.30.630.03-0.690.650.360.02-0.060.170.20.490.2-0.110.27-0.410.12
0.63-0.140.03-0.08-0.050.13-0.350.33-0.110.3-0.220.72-0.04-0.83-1.00.73-0.560.270.20.460.190.80.21-0.110.22
0.080.370.92-0.950.760.960.30.33-0.951.00.760.69-0.810.0-0.310.64-0.770.970.950.560.950.490.98-0.950.94
-0.1-0.59-0.981.0-0.75-0.99-0.41-0.11-0.95-0.96-0.9-0.430.92-0.250.09-0.380.78-0.95-0.96-0.37-0.96-0.21-0.981.0-0.95
0.080.410.94-0.960.750.970.30.31.0-0.960.780.65-0.820.02-0.280.6-0.780.980.970.520.970.440.99-0.960.95
0.070.730.95-0.920.690.880.63-0.220.76-0.90.780.1-0.920.490.240.04-0.610.780.830.190.83-0.160.84-0.90.79
0.08-0.340.39-0.430.530.450.030.720.69-0.430.650.1-0.3-0.48-0.711.0-0.430.560.470.860.470.960.53-0.430.47
-0.26-0.6-0.940.91-0.8-0.86-0.69-0.04-0.810.92-0.82-0.92-0.3-0.40.02-0.250.72-0.77-0.8-0.43-0.79-0.1-0.830.92-0.75
-0.440.250.29-0.240.470.160.65-0.830.0-0.250.020.49-0.48-0.40.83-0.50.25-0.010.05-0.130.05-0.580.07-0.250.01
-0.630.15-0.010.060.06-0.120.36-1.0-0.310.09-0.280.24-0.710.020.83-0.720.55-0.26-0.18-0.45-0.18-0.8-0.20.09-0.21
0.08-0.380.34-0.380.510.390.020.730.64-0.380.60.041.0-0.25-0.5-0.72-0.390.510.420.860.420.970.48-0.380.42
-0.64-0.67-0.730.76-0.32-0.79-0.06-0.56-0.770.78-0.78-0.61-0.430.720.250.55-0.39-0.82-0.81-0.22-0.81-0.31-0.810.78-0.82
0.090.510.92-0.950.630.980.170.270.97-0.950.980.780.56-0.77-0.01-0.260.51-0.820.990.360.990.350.99-0.950.99
0.10.590.94-0.970.610.990.20.20.95-0.960.970.830.47-0.80.05-0.180.42-0.810.990.291.00.250.99-0.961.0
0.03-0.410.39-0.380.740.330.490.460.56-0.370.520.190.86-0.43-0.13-0.450.86-0.220.360.290.290.810.38-0.370.25
0.090.590.94-0.970.610.990.20.190.95-0.960.970.830.47-0.790.05-0.180.42-0.810.991.00.290.250.99-0.961.0
0.13-0.490.15-0.20.370.21-0.110.80.49-0.210.44-0.160.96-0.1-0.58-0.80.97-0.310.350.250.810.250.31-0.210.26
0.090.540.96-0.980.680.990.270.210.98-0.980.990.840.53-0.830.07-0.20.48-0.810.990.990.380.990.31-0.980.98
-0.1-0.59-0.981.0-0.75-0.99-0.41-0.11-0.951.0-0.96-0.9-0.430.92-0.250.09-0.380.78-0.95-0.96-0.37-0.96-0.21-0.98-0.95
0.090.590.91-0.950.560.980.120.220.94-0.950.950.790.47-0.750.01-0.210.42-0.820.991.00.251.00.260.98-0.95
Click cells to compare fundamentals

Apple Account Relationship Matchups


Pair Trading with Apple

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Apple position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Apple will appreciate offsetting losses from the drop in the long position's value.

Moving together with Apple Stock

  0.69KE Kimball Electronics Financial Report 2nd of May 2024 PairCorr

Moving against Apple Stock

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  0.66IBM International Business Fiscal Quarter End 31st of March 2024 PairCorr
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The ability to find closely correlated positions to Apple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apple when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Apple - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Apple Inc to buy it.
The correlation of Apple is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apple Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Apple can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Apple Inc is a strong investment it is important to analyze Apple's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Apple's future performance. For an informed investment choice regarding Apple Stock, refer to the following important reports:

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When running Apple's price analysis, check to measure Apple's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Apple is operating at the current time. Most of Apple's value examination focuses on studying past and present price action to predict the probability of Apple's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apple's price. Additionally, you may evaluate how the addition of Apple to your portfolios can decrease your overall portfolio volatility.
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Is Apple's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Apple. If investors know Apple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Apple listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.16
Dividend Share
0.95
Earnings Share
6.44
Revenue Per Share
24.648
Quarterly Revenue Growth
0.021
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Apple's market value can be influenced by many factors that don't directly affect Apple's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.