Apollomics Correlations

APLM Stock

21.00 0.92 4.58%

The current 90-days correlation between Apollomics Class A and SeaStar Medical Holding is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apollomics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apollomics Class A moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Apollomics Correlation With Market

Poor diversification

The correlation between Apollomics Class A and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apollomics Class A and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Apollomics Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apollomics Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Apollomics Stock

0.72	GXEA	Galapagos NV	Pair Corr
0.71	DRTS	Alpha Tau Medical Earnings Call Next Week	Pair Corr
0.64	0P6S	Bayer AG NA Earnings Call This Week	Pair Corr

Moving against Apollomics Stock

0.5	VCYT	Veracyte	Pair Corr
0.44	OSE	OSE Pharma SA	Pair Corr
0.39	OB3	OPTIBIOTIX HLTH PLC	Pair Corr
0.38	VANI	Vivani Medical	Pair Corr
0.76	DTIL	Precision BioSciences	Pair Corr
0.64	DRMA	Dermata Therapeutics	Pair Corr
0.82	DWTX	Dogwood Therapeutics	Pair Corr
0.58	IGS1	India Globalization	Pair Corr
0.47	VKTX	Viking Therapeutics	Pair Corr
0.38	DYAI	Dyadic International	Pair Corr

Related Correlations Analysis

	ICU	MBRX	ATHA	LNAI	THAR	BLRX	ADAP	LPTX	GOVX	ANL
ICU		0.69	-0.4	0.77	-0.48	0.76	-0.3	-0.4	0.9	-0.5	ICU
MBRX	0.69		-0.28	0.76	-0.32	0.78	-0.1	-0.35	0.78	-0.39	MBRX
ATHA	-0.4	-0.28		-0.38	0.32	-0.29	0.6	0.46	-0.56	0.32	ATHA
LNAI	0.77	0.76	-0.38		-0.7	0.73	-0.18	-0.51	0.89	-0.74	LNAI
THAR	-0.48	-0.32	0.32	-0.7		-0.39	-0.03	0.42	-0.61	0.9	THAR
BLRX	0.76	0.78	-0.29	0.73	-0.39		-0.11	-0.42	0.83	-0.33	BLRX
ADAP	-0.3	-0.1	0.6	-0.18	-0.03	-0.11		0.21	-0.3	-0.01	ADAP
LPTX	-0.4	-0.35	0.46	-0.51	0.42	-0.42	0.21		-0.5	0.33	LPTX
GOVX	0.9	0.78	-0.56	0.89	-0.61	0.83	-0.3	-0.5		-0.64	GOVX
ANL	-0.5	-0.39	0.32	-0.74	0.9	-0.33	-0.01	0.33	-0.64		ANL
	ICU	MBRX	ATHA	LNAI	THAR	BLRX	ADAP	LPTX	GOVX	ANL

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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

GOVX	+ 0.9	ICU
ANL	+ 0.9	THAR
GOVX	+ 0.89	LNAI
GOVX	+ 0.83	BLRX
BLRX	+ 0.78	MBRX
GOVX	+ 0.78	MBRX

High negative correlations

ANL	- 0.74	LNAI
THAR	- 0.7	LNAI
ANL	- 0.64	GOVX
GOVX	- 0.61	THAR
GOVX	- 0.56	ATHA
LPTX	- 0.51	LNAI

Risk-Adjusted Indicators

There is a big difference between Apollomics Stock performing well and Apollomics 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 Apollomics' 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
ICU	3.99	(0.47)	0.00	(0.31)	0.00	0.00	8.28	(8.56)	34.66
MBRX	5.59	(1.94)	0.00	(0.81)	0.00	0.00	9.37	(14.33)	58.76
ATHA	4.12	0.55	0.10	(1.70)	4.10	(4.91)	6.70	(8.06)	71.83
LNAI	6.28	(1.08)	0.00	(8.89)	0.00	0.00	19.44	(12.73)	52.90
THAR	5.19	0.82	0.13	3.82	5.44	(5.85)	11.15	(9.23)	29.73
BLRX	2.22	(0.27)	0.00	(0.31)	0.00	0.00	4.17	(4.89)	13.04
ADAP	12.64	0.32	0.03	0.20	15.04	(16.63)	22.82	(18.18)	168.52
LPTX	14.85	5.77	0.63	0.72	6.90	(21.69)	25.00	(9.43)	65.13
GOVX	6.17	(2.55)	0.00	(1.19)	0.00	0.00	11.16	(13.98)	48.30
ANL	8.51	3.86	0.50	(2.75)	5.35	(10.14)	25.00	(12.79)	100.98

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