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 -0.15 (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

Significant diversification

The correlation between Apollo Senior Floating and DJI is 0.02 (i.e., Significant 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

0.68	BXSL	Blackstone Secured Sell-off Trend	Pair Corr
0.72	BAC	Bank of America	Pair Corr
0.79	JPM	JPMorgan Chase	Pair Corr
0.79	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against Apollo Fund

0.84	KO	Coca Cola Sell-off Trend	Pair Corr
0.82	JNJ	Johnson Johnson Earnings Call Today	Pair Corr
0.74	FAX	Aberdeen Asia Pacific	Pair Corr
0.72	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.68	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.67	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.57	HPQ	HP Inc	Pair Corr
0.42	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.4	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.34	DNP	Dnp Select Income	Pair Corr
0.31	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	BGB	FCT	BGT	EVF	FAM	BGX	BSL	FSD	JRO	JFR
BGB		0.79	0.64	0.65	0.46	0.91	0.87	0.63	0.19	0.79	BGB
FCT	0.79		0.37	0.54	0.78	0.83	0.86	0.85	0.42	0.63	FCT
BGT	0.64	0.37		0.33	-0.04	0.62	0.48	0.23	-0.17	0.7	BGT
EVF	0.65	0.54	0.33		0.37	0.68	0.61	0.45	-0.09	0.54	EVF
FAM	0.46	0.78	-0.04	0.37		0.59	0.64	0.85	0.49	0.26	FAM
BGX	0.91	0.83	0.62	0.68	0.59		0.88	0.74	0.2	0.79	BGX
BSL	0.87	0.86	0.48	0.61	0.64	0.88		0.77	0.17	0.81	BSL
FSD	0.63	0.85	0.23	0.45	0.85	0.74	0.77		0.42	0.51	FSD
JRO	0.19	0.42	-0.17	-0.09	0.49	0.2	0.17	0.42		0.06	JRO
JFR	0.79	0.63	0.7	0.54	0.26	0.79	0.81	0.51	0.06		JFR
	BGB	FCT	BGT	EVF	FAM	BGX	BSL	FSD	JRO	JFR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

BGX	+ 0.91	BGB
BSL	+ 0.88	BGX
BSL	+ 0.87	BGB
BSL	+ 0.86	FCT
FSD	+ 0.85	FCT
FSD	+ 0.85	FAM

High negative correlations

JRO	- 0.17	BGT
JRO	- 0.09	EVF
FAM	- 0.04	BGT

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	0.43	0.02	0.00	0.17	0.54	(0.44)	0.82	(0.89)	3.11
FCT	0.49	0.03	0.01	0.28	0.50	(0.57)	1.00	(0.90)	3.32
BGT	0.57	(0.02)	0.00	(0.06)	0.00	0.00	1.03	(1.25)	4.09
EVF	0.35	0.02	(0.02)	0.17	0.37	(0.40)	0.81	(0.65)	2.12
FAM	0.55	0.10	0.09	0.95	0.61	(0.65)	1.10	(1.06)	3.16
BGX	0.53	0.04	0.02	0.33	0.76	(0.55)	0.95	(1.09)	4.24
BSL	0.43	0.04	0.04	0.32	0.39	(0.58)	1.08	(0.85)	2.95
FSD	0.46	0.14	0.18	(24.50)	0.41	(0.54)	1.07	(0.77)	3.17
JRO	0.48	0.00	(0.02)	0.04	0.72	(0.45)	0.92	(1.17)	2.86
JFR	0.55	(0.04)	0.00	(0.18)	0.00	0.00	1.18	(1.34)	3.52

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?

Investing in delisted delisted funds can be risky, as the fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC