Apollo Senior Correlations

Summary

AFTDelisted Fund

USD 14.86 0.05 0.34%

The current 90-days correlation between Apollo Senior Floating and First Trust Senior is -0.2 (i.e., Good diversification). The correlation of Apollo Senior 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Apollo Senior Correlation With Market

Average diversification

The correlation between Apollo Senior Floating and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apollo Senior Floating and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Apollo Fund

0.88	FTCAX	Templeton Strained Bond	Pair Corr
0.88	PYAIX	Payden Absolute Return	Pair Corr
0.89	PYARX	Payden Absolute Return	Pair Corr
0.83	BCAAX	Brandywineglobal C	Pair Corr
0.82	DIS	Walt Disney Aggressive Push	Pair Corr
0.83	HD	Home Depot	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.85	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.76	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.83	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against Apollo Fund

0.82	USPSX	Profunds Ultrashort Potential Growth	Pair Corr
0.82	USPIX	Profunds Ultrashort Potential Growth	Pair Corr
0.81	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.77	UIPIX	Ultrashort Mid Cap	Pair Corr
0.75	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.74	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.64	KO	Coca Cola Aggressive Push	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	BGB	FCT	BGT	EVF	FAM	BGX	BSL	FSD	JRO	JFR
BGB		0.78	0.77	0.67	0.69	0.38	0.64	0.82	0.13	0.83	BGB
FCT	0.78		0.77	0.81	0.7	0.17	0.68	0.77	0.38	0.88	FCT
BGT	0.77	0.77		0.77	0.82	0.08	0.6	0.88	0.38	0.75	BGT
EVF	0.67	0.81	0.77		0.73	0.04	0.77	0.82	0.64	0.87	EVF
FAM	0.69	0.7	0.82	0.73		0.2	0.76	0.85	0.49	0.76	FAM
BGX	0.38	0.17	0.08	0.04	0.2		0.35	0.18	-0.12	0.24	BGX
BSL	0.64	0.68	0.6	0.77	0.76	0.35		0.7	0.66	0.78	BSL
FSD	0.82	0.77	0.88	0.82	0.85	0.18	0.7		0.42	0.82	FSD
JRO	0.13	0.38	0.38	0.64	0.49	-0.12	0.66	0.42		0.46	JRO
JFR	0.83	0.88	0.75	0.87	0.76	0.24	0.78	0.82	0.46		JFR
	BGB	FCT	BGT	EVF	FAM	BGX	BSL	FSD	JRO	JFR

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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

JFR	+ 0.88	FCT
FSD	+ 0.88	BGT
JFR	+ 0.87	EVF
FSD	+ 0.85	FAM
JFR	+ 0.83	BGB
FSD	+ 0.82	BGB

High negative correlations

JRO

- 0.12

BGX

Risk-Adjusted Indicators

There is a big difference between Apollo Fund performing well and Apollo Senior Fund 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 Apollo Senior'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
BGB	0.32	0.04	(0.16)	0.60	0.33	(0.38)	0.59	(0.66)	2.05
FCT	0.38	0.05	(0.13)	0.79	0.34	(0.48)	0.88	(0.79)	2.75
BGT	0.52	0.04	(0.12)	0.92	0.52	(0.59)	1.16	(1.03)	2.83
EVF	0.31	0.04	(0.19)	(18.47)	0.30	(0.37)	0.66	(0.65)	2.24
FAM	0.55	0.11	(0.02)	(1.81)	0.61	(0.65)	1.10	(1.06)	3.16
BGX	0.47	0.01	(0.13)	0.20	0.67	(0.45)	0.87	(1.03)	2.99
BSL	0.35	0.04	(0.16)	3.64	0.34	(0.42)	0.91	(0.75)	1.98
FSD	0.46	0.15	0.04	(5.14)	0.41	(0.54)	1.07	(0.77)	3.17
JRO	0.48	0.00	(0.13)	0.16	0.72	(0.45)	0.92	(1.17)	2.86
JFR	0.42	0.07	(0.09)	2.40	0.33	(0.52)	0.92	(0.91)	2.30

View Apollo Senior Related Equities

Blackstone Gso Strategic First Trust Senior BlackRock Floating Rate Eaton Vance Senior FAM Blackstone Gso Long Blackstone Gso Senior First Trust High Nuveen Floating Rate Nuveen Floating Rate Blackrock Muni Intermediate Nuveen Senior Income Pioneer Floating Rate CBH Eaton Vance Floating

Risk & Return

Correlation

Still Interested in Apollo Senior Floating?

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