Apollo Global Correlations

APOS Stock

26.14 0.04 0.15%

The correlation of Apollo Global 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 Global Correlation With Market

Significant diversification

The correlation between Apollo Global Management and DJI is 0.04 (i.e., Significant 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 metropolitan statistical area.

Moving together with Apollo Stock

0.7	RCC	Small Cap Premium	Pair Corr
0.88	PPERF	Bank Mandiri Persero	Pair Corr
0.78	FTV	Fortive Corp	Pair Corr
0.79	MRK	Merck Company Sell-off Trend	Pair Corr
0.71	BAC	Bank of America Earnings Call This Week	Pair Corr
0.68	XOM	Exxon Mobil Corp	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.7	JNJ	Johnson Johnson	Pair Corr

Moving against Apollo Stock

0.66	CGABL	Carlyle Group	Pair Corr
0.63	SFB	Stifel Financial	Pair Corr
0.34	MGR	Affiliated Managers	Pair Corr
0.34	BKRKY	Bank Rakyat	Pair Corr
0.33	MGRB	Affiliated Managers	Pair Corr
0.68	PG	Procter Gamble	Pair Corr
0.6	MSFT	Microsoft	Pair Corr
0.5	HD	Home Depot Sell-off Trend	Pair Corr
0.46	T	ATT Inc	Pair Corr

Related Correlations Analysis

	IDDTF	JBARF	ARCC	IVTBF	AMDUF	CRBG	SBHGF	OXLCI	LBGUF	LGGNF
IDDTF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IDDTF
JBARF	0.0		0.42	0.21	0.48	-0.12	-0.68	0.8	0.0	0.67	JBARF
ARCC	0.0	0.42		0.2	0.3	0.05	-0.74	0.48	0.0	0.64	ARCC
IVTBF	0.0	0.21	0.2		0.79	0.01	-0.05	0.15	0.0	0.3	IVTBF
AMDUF	0.0	0.48	0.3	0.79		0.04	-0.26	0.42	0.0	0.53	AMDUF
CRBG	0.0	-0.12	0.05	0.01	0.04		0.1	-0.24	0.0	0.2	CRBG
SBHGF	0.0	-0.68	-0.74	-0.05	-0.26	0.1		-0.61	0.0	-0.69	SBHGF
OXLCI	0.0	0.8	0.48	0.15	0.42	-0.24	-0.61		0.0	0.66	OXLCI
LBGUF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	LBGUF
LGGNF	0.0	0.67	0.64	0.3	0.53	0.2	-0.69	0.66	0.0		LGGNF
	IDDTF	JBARF	ARCC	IVTBF	AMDUF	CRBG	SBHGF	OXLCI	LBGUF	LGGNF

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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

OXLCI	+ 0.8	JBARF
AMDUF	+ 0.79	IVTBF
LGGNF	+ 0.67	JBARF
LGGNF	+ 0.66	OXLCI
LGGNF	+ 0.64	ARCC
LGGNF	+ 0.53	AMDUF

High negative correlations

SBHGF	- 0.74	ARCC
LGGNF	- 0.69	SBHGF
SBHGF	- 0.68	JBARF
OXLCI	- 0.61	SBHGF
SBHGF	- 0.26	AMDUF
OXLCI	- 0.24	CRBG

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
IDDTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JBARF	1.94	0.26	0.06	2.28	2.39	(2.49)	4.37	(4.92)	11.13
ARCC	0.80	(0.02)	(0.02)	0.04	1.18	(0.80)	1.60	(2.23)	5.75
IVTBF	0.10	0.03	0.00	0.44	0.00	0.00	0.00	0.00	3.51
AMDUF	0.10	0.03	0.00	0.38	0.00	0.00	0.00	0.00	3.33
CRBG	1.40	(0.20)	0.00	(0.07)	0.00	0.00	2.57	(4.11)	8.27
SBHGF	3.20	(0.73)	0.00	(0.95)	0.00	0.00	4.81	(5.11)	56.22
OXLCI	0.21	0.03	(0.13)	(0.51)	0.18	(0.25)	0.48	(0.40)	1.50
LBGUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LGGNF	2.04	0.19	0.05	0.71	2.28	(2.32)	5.05	(3.90)	11.59

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