Apple Total Risk Alpha

Apple Inc has current Total Risk Alpha of 0.1305. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Apple 
Total Risk Alpha 
 = 
RFR + (ER[b] - ER[a]) 
x  
STD[a] / STD[b] 
 = 
0.1305
ER[a] =   Expected return on investing in Apple
ER[b] =   Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Apple
STD[b] =   Standard Deviation of selected market or benchmark
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Total Risk Alpha Comparison

Apple Inc is rated fourth in total risk alpha category among related companies. It is rated below average in maximum drawdown category among related companies reporting about  11.74  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Apple Inc is roughly  11.74 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF, or fund.
Compare Apple to competition
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and midsized businesses, and education, enterprise, and government customers worldwide. more
NameApple Inc
InstrumentUSA Stock
RegionNorth America
ExchangeNASDAQ
CIK Number0000320193
ISINUS0378331005
CUSIP037833100,378331003
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating
CurrencyUSD - US Dollar