Apple Jensen Alpha

Apple Inc -- USA Stock  

USD 172.43  1.36  0.80%

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Apple Inc has current Jensen Alpha of 0.0748. Jensen alpha is a measure of the returns that are attributable to the managers ability to select security and time the market. In other words it is the returns remaining after deducting what would have been attributable to beta returns (which do not require skill) and the risk free rate.
Apple 
Jensen Alpha 
 = 
ER[a] - RFR * (1-BETA) 
BETA * ER[b]) 
 = 
0.0748
ER[a] =   Expected return on investing in Apple
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between Apple and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

Apple Inc is rated fourth in jensen alpha category among related companies. It is rated fifth in maximum drawdown category among related companies reporting about  82.39  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Apple Inc is roughly  82.39 
Jensen alpha is the difference between the return of the portfolio, and what the portfolio should theoretically have earned. Any portfolio can be expected to earn the risk free rate (RF), plus the market risk premium (which is given by [Beta x (Market Portfolio Return - Risk Free Rate)]. Anything remaining over and above is alpha.
Compare Apple to competition
Apple Inc. designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses and education, enterprise, and government customers worldwide. Apple Inc. was founded in 1977 and is headquartered in Cupertino, California. Apple operates under Electronic Equipment classification in USA and traded on NASDAQ exchange. It employs 100000 people. more
NameApple Inc
CEO, DirectorTim CookAll Leadership
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating
InstrumentUSA Stock Stocks Directory
RegionNorth America
ExchangeNASDAQ
CIK Number00320193.0
ISINUS0378331005
CUSIP037833100
CurrencyUSD - US Dollar