Beta
298.57
2.15
(0.73%)
06/16/2026
Apple Inc. (AAPL)
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Beta Analysis
AAPL vs. SPY · 501 trading days · 16 Jun 2024 – 16 Jun 2026
Beta
1.13
Slope vs SPY
Adjusted Beta
1.09
Blume, toward 1.0
Alpha
-0.1%
Annualized, mkt-adj
R²
0.47
Explained by SPY
Correlation
0.69
Daily returns
Vol AAPL
27.9%
Annualized
Vol SPY
16.9%
Annualized
Key Observations
- Market-like (β = 1.13): AAPL moves roughly in step with SPY — a 1% benchmark move maps to ~1.13%.
- Benchmark explains 47% of AAPL's daily variance (R² = 0.47); a meaningful share is stock-specific, so treat beta as approximate.
- Forward-looking adjusted beta ≈ 1.09 (Blume: pulls the raw β one-third of the way toward the market's 1.0).
- Annualized volatility: AAPL 27.9% vs SPY 16.9% — 1.65× as volatile (more than the benchmark).
Derived from the values above · point-in-time over the selected window · not investment advice.