Apple Correlations
| AAPL Stock | USD 256.48 0.21 0.08% |
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.
Apple Correlation With Market
Weak diversification
The correlation between Apple Inc and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apple Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Apple Stock
| 0.72 | HPQ | HP Inc | PairCorr |
| 0.89 | GOOG | Alphabet Class C | PairCorr |
| 0.75 | AVGO | Broadcom | PairCorr |
| 0.75 | BMEZ | BlackRock Health Sciences | PairCorr |
| 0.82 | WAFU | Wah Fu Education | PairCorr |
| 0.67 | SSVFF | Southern Silver Expl | PairCorr |
| 0.75 | HD | Home Depot | PairCorr |
| 0.64 | CVX | Chevron Corp | PairCorr |
| 0.84 | INTC | Intel Aggressive Push | PairCorr |
| 0.75 | AA | Alcoa Corp | PairCorr |
| 0.86 | TRV | The Travelers Companies | PairCorr |
| 0.64 | DD | Dupont De Nemours | PairCorr |
| 0.72 | AXP | American Express | PairCorr |
| 0.84 | GE | GE Aerospace | PairCorr |
| 0.74 | CAT | Caterpillar | PairCorr |
Moving against Apple Stock
| 0.4 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.77 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.7 | KO | Coca Cola | PairCorr |
| 0.43 | BA | Boeing | PairCorr |
Related Correlations Analysis
| 0.0 | 0.85 | 0.94 | 0.43 | 0.95 | 0.94 | 603019 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CEIR | ||
| 0.85 | 0.0 | 0.87 | 0.58 | 0.92 | 0.89 | HPE | ||
| 0.94 | 0.0 | 0.87 | 0.42 | 0.97 | 0.98 | NETWEB | ||
| 0.43 | 0.0 | 0.58 | 0.42 | 0.48 | 0.47 | OSS | ||
| 0.95 | 0.0 | 0.92 | 0.97 | 0.48 | 0.99 | STX | ||
| 0.94 | 0.0 | 0.89 | 0.98 | 0.47 | 0.99 | WDC | ||
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
| High negative correlations
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 603019 | 2.65 | 0.87 | 0.34 | 3.49 | 1.95 | 10.00 | 18.68 | |||
| CEIR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HPE | 1.34 | 0.16 | 0.12 | 0.17 | 1.40 | 2.60 | 6.60 | |||
| NETWEB | 3.22 | 1.38 | 0.49 | (3.85) | 1.78 | 11.34 | 20.25 | |||
| OSS | 3.63 | 0.65 | 0.15 | 0.67 | 3.82 | 10.45 | 22.43 | |||
| STX | 1.91 | 0.72 | 0.39 | 1.04 | 1.30 | 5.35 | 9.66 | |||
| WDC | 1.86 | 0.98 | 0.49 | 2.10 | 1.11 | 5.42 | 12.88 |
Apple Corporate Management
| Ron Okamoto | Head Relations | Profile | |
| Matthew Cherniss | Head TV | Profile | |
| Jennifer Bailey | Vice Pay | Profile | |
| Eduardo Cue | Senior Services | Profile | |
| Jeffrey Williams | Chief Officer | Profile |