Apple (Germany) Market Value
| APC Stock | EUR 175.84 0.88 0.50% |
| Symbol | Apple |
Apple 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Apple's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Apple.
| 05/03/2024 |
| 06/02/2024 |
If you would invest 0.00 in Apple on May 3, 2024 and sell it all today you would earn a total of 0.00 from holding Apple Inc or generate 0.0% return on investment in Apple over 30 days. Apple is related to or competes with Amazon, Microsoft, Tesla, Alphabet, and Meta Platforms. Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories world... More
Apple Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Apple's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Apple Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.023 | |||
| Maximum Drawdown | 9.34 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 2.17 |
Apple Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apple's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apple's standard deviation. In reality, there are many statistical measures that can use Apple historical prices to predict the future Apple's volatility.| Risk Adjusted Performance | 0.0383 | |||
| Jensen Alpha | 0.063 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0281 | |||
| Treynor Ratio | 0.2967 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Apple's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Apple Inc Backtested Returns
We consider Apple very steady. Apple Inc secures Sharpe Ratio (or Efficiency) of 0.0968, which signifies that the company had a 0.0968% return per unit of risk over the last 3 months. We have found thirty technical indicators for Apple Inc, which you can use to evaluate the volatility of the firm. Please confirm Apple's Mean Deviation of 1.1, risk adjusted performance of 0.0383, and Downside Deviation of 1.29 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Apple has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Apple's returns are expected to increase less than the market. However, during the bear market, the loss of holding Apple is expected to be smaller as well. Apple Inc right now shows a risk of 1.56%. Please confirm Apple Inc total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Apple Inc will be following its price patterns.
Auto-correlation | 0.21 |
Weak predictability
Apple Inc has weak predictability. Overlapping area represents the amount of predictability between Apple time series from 3rd of May 2024 to 18th of May 2024 and 18th of May 2024 to 2nd of June 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Apple Inc price movement. The serial correlation of 0.21 indicates that over 21.0% of current Apple price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.58 |
Apple Inc lagged returns against current returns
Autocorrelation, which is Apple stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Apple's stock expected returns. We can calculate the autocorrelation of Apple returns to help us make a trade decision. For example, suppose you find that Apple has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Apple regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Apple stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apple stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apple stock over time.
Current vs Lagged Prices |
| Timeline |
Apple Lagged Returns
When evaluating Apple's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apple stock have on its future price. Apple autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Apple autocorrelation shows the relationship between Apple stock current value and its past values and can show if there is a momentum factor associated with investing in Apple Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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:Check out Apple Correlation, Apple Volatility and Apple Alpha and Beta module to complement your research on Apple. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Apple Stock analysis
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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Apple technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.