Apollo Global Correlations

APO Stock

USD 133.95 0.92 0.69%

The current 90-days correlation between Apollo Global Management and Blackstone Group is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apollo Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apollo Global Management moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Apollo Global Correlation With Market

Very weak diversification

The correlation between Apollo Global Management and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apollo Global Management and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Apollo Stock

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

Moving together with Apollo Stock

0.74	AVR	Avaron Mining Corp Earnings Call Today	Pair Corr
0.64	BBDC	Barings BDC	Pair Corr
0.75	BCSF	Bain Capital Specialty	Pair Corr
0.66	CGBD	Carlyle Secured Lending	Pair Corr
0.7	IRNRF	Iron Road Limited	Pair Corr
0.65	FCAP	First Capital	Pair Corr
0.79	AXP	American Express	Pair Corr

Moving against Apollo Stock

0.75	EPGG	Empire Global Gaming	Pair Corr
0.37	OLY	Olympia Financial	Pair Corr
0.55	T	ATT Inc Sell-off Trend	Pair Corr
0.38	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	CG	BX	BAM	ARES	KKR	TPG	CGBD	OWL	AMG	ARCC
CG		0.71	0.29	0.62	0.49	0.81	0.78	0.33	0.87	0.69	CG
BX	0.71		0.71	0.93	0.88	0.89	0.75	0.84	0.38	0.87	BX
BAM	0.29	0.71		0.79	0.81	0.59	0.42	0.84	-0.08	0.59	BAM
ARES	0.62	0.93	0.79		0.97	0.9	0.68	0.88	0.23	0.79	ARES
KKR	0.49	0.88	0.81	0.97		0.87	0.58	0.89	0.07	0.72	KKR
TPG	0.81	0.89	0.59	0.9	0.87		0.76	0.67	0.48	0.76	TPG
CGBD	0.78	0.75	0.42	0.68	0.58	0.76		0.54	0.68	0.88	CGBD
OWL	0.33	0.84	0.84	0.88	0.89	0.67	0.54		-0.03	0.77	OWL
AMG	0.87	0.38	-0.08	0.23	0.07	0.48	0.68	-0.03		0.51	AMG
ARCC	0.69	0.87	0.59	0.79	0.72	0.76	0.88	0.77	0.51		ARCC
	CG	BX	BAM	ARES	KKR	TPG	CGBD	OWL	AMG	ARCC

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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

KKR	+ 0.97	ARES
ARES	+ 0.93	BX
TPG	+ 0.9	ARES
TPG	+ 0.89	BX
OWL	+ 0.89	KKR
KKR	+ 0.88	BX

High negative correlations

AMG	- 0.08	BAM
AMG	- 0.03	OWL

Risk-Adjusted Indicators

There is a big difference between Apollo Stock performing well and Apollo Global 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 Global'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
CG	1.61	0.04	0.06	0.10	2.03	(1.65)	3.59	(3.46)	11.01
BX	1.44	(0.26)	0.00	(0.11)	0.00	0.00	3.02	(5.24)	9.12
BAM	1.46	(0.24)	0.00	(0.07)	0.00	0.00	2.22	(4.19)	9.11
ARES	1.89	(0.36)	0.00	(0.12)	0.00	0.00	3.44	(3.85)	18.45
KKR	1.72	(0.33)	0.00	(0.09)	0.00	0.00	4.06	(4.78)	14.09
TPG	1.83	(0.11)	(0.02)	0.02	2.53	(2.06)	3.50	(4.61)	14.53
CGBD	1.04	(0.08)	0.00	(0.05)	0.00	0.00	2.23	(2.18)	5.52
OWL	2.04	(0.48)	0.00	(0.19)	0.00	0.00	3.66	(3.64)	14.79
AMG	1.28	0.17	0.12	0.21	1.23	(1.39)	2.88	(2.50)	8.21
ARCC	0.86	(0.12)	0.00	(0.06)	0.00	0.00	1.95	(2.00)	6.91

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