Apple Competitors
| AAPL Stock | USD 275.91 0.58 0.21% |
Apple vs Wipro Limited Correlation
Average diversification
The correlation between Apple Inc and WIT is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apple Inc and WIT in the same portfolio, assuming nothing else is changed.
Moving together with Apple Stock
Moving against Apple Stock
| 0.64 | AA | Alcoa Corp | PairCorr |
| 0.57 | INTC | Intel | PairCorr |
| 0.57 | CVX | Chevron Corp | PairCorr |
| 0.51 | GE | GE Aerospace | PairCorr |
| 0.5 | HD | Home Depot | PairCorr |
Apple Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Apple and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Apple and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Apple Inc does not affect the price movement of the other competitor.
High positive 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KEYS | 1.38 | 0.25 | 0.15 | 0.20 | 1.54 | 2.87 | 13.11 | |||
| TDY | 1.25 | 0.23 | 0.18 | 0.24 | 1.10 | 2.79 | 11.58 | |||
| SMCI | 2.90 | (0.78) | 0.00 | (0.39) | 0.00 | 5.77 | 14.71 | |||
| FLEX | 2.42 | (0.10) | 0.00 | (0.20) | 0.00 | 5.23 | 12.35 | |||
| JBL | 1.89 | 0.12 | 0.04 | 0.15 | 2.75 | 4.27 | 12.48 | |||
| TER | 2.47 | 0.59 | 0.19 | 0.37 | 2.56 | 6.80 | 18.32 | |||
| HPE | 1.75 | (0.13) | 0.00 | (0.06) | 0.00 | 2.85 | 9.60 | |||
| CRDO | 3.72 | (0.89) | 0.00 | (1.46) | 0.00 | 8.29 | 25.91 | |||
| MDB | 2.49 | (0.13) | 0.00 | (0.06) | 0.00 | 3.57 | 31.24 | |||
| WIT | 1.48 | (0.02) | (0.01) | 0.01 | 1.93 | 3.98 | 14.08 |
Cross Equities Net Income Analysis
Compare Apple Inc and related stocks such as Keysight Technologies, Teledyne Technologies, and Super Micro Computer Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KEYS | 787 M | 841 M | 457 M | 392 M | 513 M | 335 M | 102 M | 165 M | 621 M | 627 M | 894 M | 1.1 B | 1.1 B | 614 M | 846 M | 972.9 M | 687.5 M |
| TDY | 48.7 M | 255.2 M | 164.1 M | 185 M | 217.7 M | 195.8 M | 190.9 M | 227.2 M | 333.8 M | 402.3 M | 401.9 M | 445.3 M | 788.6 M | 885.7 M | 819.2 M | 894.8 M | 939.5 M |
| SMCI | 2.2 M | 29.6 M | 21.2 M | 54.1 M | 101.9 M | 72.1 M | 66.9 M | 46.2 M | 71.9 M | 84.3 M | 111.9 M | 285.2 M | 640 M | 1.2 B | 1 B | 1.2 B | 1.3 B |
| FLEX | 1.3 M | 488.8 M | 277.1 M | 365.6 M | 600.8 M | 444.1 M | 319.6 M | 428.5 M | 93 M | 88 M | 613 M | 936 M | 793 M | 1 B | 838 M | 963.7 M | 1 B |
| JBL | 10.3 M | 394.7 M | 371.5 M | 241.3 M | 284 M | 254.1 M | 129.1 M | 86.3 M | 287.1 M | 54 M | 696 M | 996 M | 818 M | 1.4 B | 657 M | 755.5 M | 793.3 M |
| TER | 20.2 M | 349.4 M | 217 M | 164.9 M | 81.3 M | 206.5 M | (43.4 M) | 257.7 M | 451.8 M | 467.5 M | 784.1 M | 1 B | 715.5 M | 448.8 M | 542.4 M | 554 M | 581.7 M |
| HPE | (14.8 B) | (14.8 B) | 2.1 B | 1.6 B | 2.5 B | 3.2 B | 344 M | 1.9 B | 1 B | (322 M) | 3.4 B | 868 M | 2 B | 2.6 B | 57 M | 65.5 M | 62.3 M |
| CRDO | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | (27.5 M) | (22.2 M) | (16.5 M) | (28.4 M) | 52.2 M | 60 M | 63 M |
| MDB | (73.5 M) | (73.5 M) | (73.5 M) | (73.5 M) | (73.5 M) | (73.5 M) | (86.7 M) | (96.4 M) | (99 M) | (175.5 M) | (266.9 M) | (306.9 M) | (345.4 M) | (176.6 M) | (129.1 M) | (116.2 M) | (122 M) |
| WIT | 3.6 B | 59.4 B | 66.3 B | 77.3 B | 88 B | 90.1 B | 82.1 B | 80.8 B | 89.1 B | 104.6 B | 106.6 B | 124.3 B | 116 B | 111.2 B | 132.9 B | 152.8 B | 160.5 B |
Apple Inc and related stocks such as Keysight Technologies, Teledyne Technologies, and Super Micro Computer Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Apple Inc financial statement analysis. It represents the amount of money remaining after all of Apple Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Apple Competitive Analysis
The better you understand Apple competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Apple's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Apple's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Apple Competition Performance Charts
Five steps to successful analysis of Apple Competition
Apple's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Apple Inc in relation to its competition. Apple's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Apple in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Apple's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Apple Inc, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Apple position
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Check out Apple Correlation with its peers. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Technology Hardware, Storage & Peripherals space 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. Comprehensive Apple assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth 0.183 | Dividend Share 1.03 | Earnings Share 8.1 | Revenue Per Share | Quarterly Revenue Growth 0.157 |
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.
Understanding that Apple's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Apple represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Apple's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.