Apple Financial Ratios Analysis
| AAPL Stock | USD 169.07 2.17 1.30% |
Apple |
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. The value of Intangibles To Total Assets is expected to slide to 0.02
| 2010 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.006084 | 0.005574 | 0.00641 | 0.00609 | Price To Sales Ratio | 6.19 | 7.03 | 6.33 | 6.65 |
Apple fundamentals Correlations
Click cells to compare fundamentals
Apple Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
| 0.86 | DZSI | DZS Inc Financial Report 13th of May 2024 | PairCorr |
| 0.68 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
Moving against Apple Stock
| 0.9 | GE | GE Aerospace Buyout Trend | PairCorr |
| 0.88 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.86 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.79 | GDDY | Godaddy Financial Report 2nd of May 2024 | PairCorr |
| 0.76 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
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 instruments. 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.Check out Apple Valuation and Apple Correlation analysis. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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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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 6.43 | 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.