Apollo Bancorp Correlations

APLO Stock

USD 54.99 3.99 7.82%

The current 90-days correlation between Apollo Bancorp and Commercial National Financial is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apollo Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apollo Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Apollo Bancorp Correlation With Market

Poor diversification

The correlation between Apollo Bancorp and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apollo Bancorp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Apollo Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apollo Bancorp 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 Apollo Bancorp - 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 Apollo Bancorp to buy it.

Moving together with Apollo Pink Sheet

0.79	MFG	Mizuho Financial Earnings Call Shortly	Pair Corr
0.69	ITUB	Itau Unibanco Banco Earnings Call This Week	Pair Corr
0.68	PNC	PNC Financial Services	Pair Corr
0.65	SPGX	Sustainable Projects	Pair Corr
0.8	LIN	Linde plc Ordinary Earnings Call This Week	Pair Corr
0.84	BA	Boeing	Pair Corr
0.63	MRK	Merck Company Earnings Call Tomorrow	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.7	INTC	Intel	Pair Corr

Moving against Apollo Pink Sheet

0.82	HDB	HDFC Bank Limited	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.58	MSFT	Microsoft	Pair Corr
0.52	CIHKY	China Merchants Bank	Pair Corr
0.45	MMM	3M Company	Pair Corr
0.44	T	ATT Inc Earnings Call This Week	Pair Corr
0.33	IBM	International Business	Pair Corr

Related Correlations Analysis

	CNAF	FRFC	WVFC	LKSB	SSBP	QNTO	CBHC	UNIF	EFSG	PFSB
CNAF		0.39	0.28	-0.45	0.3	0.45	-0.09	-0.61	0.32	0.46	CNAF
FRFC	0.39		0.75	-0.14	0.78	0.89	0.49	-0.86	0.87	0.96	FRFC
WVFC	0.28	0.75		-0.05	0.76	0.78	0.47	-0.69	0.72	0.77	WVFC
LKSB	-0.45	-0.14	-0.05		-0.27	-0.11	0.49	0.26	-0.16	-0.15	LKSB
SSBP	0.3	0.78	0.76	-0.27		0.82	0.33	-0.72	0.75	0.82	SSBP
QNTO	0.45	0.89	0.78	-0.11	0.82		0.58	-0.82	0.78	0.93	QNTO
CBHC	-0.09	0.49	0.47	0.49	0.33	0.58		-0.3	0.39	0.51	CBHC
UNIF	-0.61	-0.86	-0.69	0.26	-0.72	-0.82	-0.3		-0.78	-0.87	UNIF
EFSG	0.32	0.87	0.72	-0.16	0.75	0.78	0.39	-0.78		0.91	EFSG
PFSB	0.46	0.96	0.77	-0.15	0.82	0.93	0.51	-0.87	0.91		PFSB
	CNAF	FRFC	WVFC	LKSB	SSBP	QNTO	CBHC	UNIF	EFSG	PFSB

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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

PFSB	+ 0.96	FRFC
PFSB	+ 0.93	QNTO
PFSB	+ 0.91	EFSG
QNTO	+ 0.89	FRFC
EFSG	+ 0.87	FRFC
QNTO	+ 0.82	SSBP

High negative correlations

PFSB	- 0.87	UNIF
UNIF	- 0.86	FRFC
UNIF	- 0.82	QNTO
EFSG	- 0.78	UNIF
UNIF	- 0.72	SSBP
UNIF	- 0.69	WVFC

Risk-Adjusted Indicators

There is a big difference between Apollo Pink Sheet performing well and Apollo Bancorp 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 Apollo Bancorp'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
CNAF	0.72	(0.01)	(0.03)	0.00	0.99	(0.95)	1.89	(1.78)	5.07
FRFC	0.88	0.41	0.00	(1.08)	0.00	0.00	3.36	(0.64)	9.68
WVFC	0.72	0.15	0.04	5.40	1.04	(1.40)	2.77	(1.43)	10.36
LKSB	1.15	0.23	0.00	(62.74)	0.00	0.00	5.42	0.00	28.20
SSBP	0.93	0.20	0.04	4.68	1.38	(2.56)	3.39	(0.99)	13.73
QNTO	1.17	0.58	0.28	(1.07)	0.60	(1.59)	3.83	(1.83)	12.70
CBHC	0.18	0.09	0.00	(0.52)	0.00	0.00	0.00	0.00	5.97
UNIF	0.50	(0.09)	0.00	0.51	0.00	0.00	1.27	(1.69)	6.59
EFSG	0.94	0.29	0.00	0.45	0.00	0.00	0.27	0.00	24.02
PFSB	0.58	0.31	0.40	6.01	0.00	(0.92)	1.73	(0.68)	7.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in Apollo Bancorp 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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Apollo Bancorp Corporate Management

Kirk Montgomery	VP Officer	Profile
Carolyn Bash	Assistant Treasurer	Profile
Robert CPA	Treasurer VP	Profile
Thomas Backus	VP Lending	Profile
Christopher Martin	VP Officer	Profile
Julia Holmes	VP Sec	Profile

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