Apple Correlations

Stocks . Germany . 
Stock . Apple Inc
APC Stock  EUR 224.90  5.75  2.49%   
The current 90-days correlation between Apple Inc and Microsoft is -0.06 (i.e., Good diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Apple Correlation With Market

Excellent diversification

The correlation between Apple Inc and DJI is -0.61 (i.e., Excellent 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.
  
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.

Moving against Apple Stock

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Related Correlations Analysis


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

TSFA
+ 0.94
SSUN
3CP
+ 0.77
MSF
TSFA
+ 0.43
NVD
SSUN
+ 0.28
NVD
HTJ
+ 0.21
3CP
HTJ
+ 0.2
MSF
  

High negative correlations

SSUN
- 0.86
MSF
TSFA
- 0.85
MSF
SSUN
- 0.83
3CP
TSFA
- 0.74
3CP
HTJ
- 0.36
SSUN
TSFA
- 0.26
HTJ

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Apple without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Apple Corporate Management

Elected by the shareholders, the Apple's board of directors comprises two types of representatives: Apple inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Apple. The board's role is to monitor Apple's management team and ensure that shareholders' interests are well served. Apple's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Apple's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ben BordersPrincipal OfficerProfile
Kristin QuayleVice CommunicationsProfile
Sabih KhanSenior OfficerProfile
Timothy CookCEO DirectorProfile
Nancy PaxtonDirector TreasuryProfile
Jeffrey WilliamsChief OfficerProfile
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