Apple Related Correlations

AAPL Stock  USD 173.72  1.10  0.64%   
Generate correlation matrix for Apple and other related equities to check the degree to which Apple Inc price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Apple Inc. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
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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.

Correlations

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
UIKN
KEKN
KEDSWL
KEUI
UIDSWL
DSWLKN
  
High negative correlations   
FNDSWL
VIAOUI
VIAODSWL
VISLFN
FNUI
VIAOKE

Risk-Adjusted Indicators

There is a big difference between Apple Stock performing well and Apple Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Apple's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
KN  1.35 (0.35) 0.00 (0.06) 0.00 
 2.67 
 9.54 
DM  5.83 (0.38) 0.03  0.06  5.77 
 15.00 
 39.02 
DSWL  1.58 (0.22) 0.00  0.71  0.00 
 3.23 
 11.09 
UI  2.10 (0.53) 0.00 (0.07) 0.00 
 4.47 
 16.42 
KE  1.84 (0.53) 0.00 (0.15) 0.00 
 3.98 
 18.10 
FN  2.21  0.02  0.03  0.14  4.13 
 5.53 
 24.51 
VISL  2.59 (0.52) 0.00 (0.50) 0.00 
 4.97 
 16.10 
AMPGW  8.72  0.50  0.06  0.21  9.19 
 36.36 
 81.21 
VIAO  2.81 (0.08) 0.01  0.10  3.46 
 5.56 
 19.43 
VIAV  1.87 (0.08) 0.01  0.09  2.39 
 3.02 
 21.19