Apollo Global Correlations

APOS Stock

26.38 0.02 0.08%

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

Very poor diversification

The correlation between Apollo Global Management and DJI is 0.83 (i.e., Very poor 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

0.81	LTSL	Ladenburg Thalmann	Pair Corr
0.81	LTSF	Ladenburg Thalmann	Pair Corr
0.77	RCB	Ready Capital	Pair Corr
0.91	RCC	Small Cap Premium	Pair Corr
0.72	BFDE	Bedford Energy	Pair Corr
0.86	ASML	ASML Holding NV	Pair Corr
0.66	MTSFY	Mitsui Fudosan Earnings Call This Week	Pair Corr
0.77	BWA	BorgWarner Earnings Call This Week	Pair Corr
0.9	NHYDY	Norsk Hydro ASA	Pair Corr
0.81	LOVFF	Cannara Biotech	Pair Corr
0.83	TCX	Tucows Inc	Pair Corr

Moving against Apollo Stock

0.72	SFB	Stifel Financial	Pair Corr
0.72	ENSV	Enservco	Pair Corr
0.58	FSTF	First State Financial	Pair Corr
0.31	CGABL	Carlyle Group	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		0.54	0.29	0.81	0.16	-0.66	0.9	0.0	0.84	JBARF
ARCC	0.0	0.54		0.3	0.56	0.4	-0.65	0.45	0.0	0.63	ARCC
IVTBF	0.0	0.29	0.3		0.54	-0.02	-0.13	0.27	0.0	0.34	IVTBF
AMDUF	0.0	0.81	0.56	0.54		0.17	-0.44	0.8	0.0	0.83	AMDUF
CRBG	0.0	0.16	0.4	-0.02	0.17		-0.25	0.22	0.0	0.35	CRBG
SBHGF	0.0	-0.66	-0.65	-0.13	-0.44	-0.25		-0.55	0.0	-0.65	SBHGF
OXLCI	0.0	0.9	0.45	0.27	0.8	0.22	-0.55		0.0	0.82	OXLCI
LBGUF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	LBGUF
LGGNF	0.0	0.84	0.63	0.34	0.83	0.35	-0.65	0.82	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	+ 0.9	JBARF
LGGNF	+ 0.84	JBARF
LGGNF	+ 0.83	AMDUF
LGGNF	+ 0.82	OXLCI
AMDUF	+ 0.81	JBARF
OXLCI	+ 0.8	AMDUF

High negative correlations

SBHGF	- 0.66	JBARF
LGGNF	- 0.65	SBHGF
SBHGF	- 0.65	ARCC
OXLCI	- 0.55	SBHGF
SBHGF	- 0.44	AMDUF
SBHGF	- 0.25	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	1.73	0.34	0.12	0.84	1.86	(2.46)	4.22	(4.36)	11.13
ARCC	0.75	(0.08)	0.00	(0.08)	0.00	0.00	1.63	(1.99)	5.04
IVTBF	0.11	0.00	0.00	1.55	0.00	0.00	0.00	0.00	5.75
AMDUF	0.10	0.04	0.00	0.72	0.00	0.00	0.00	0.00	3.33
CRBG	1.37	(0.06)	0.00	(0.10)	0.00	0.00	2.35	(3.93)	7.68
SBHGF	2.90	(0.78)	0.00	(1.72)	0.00	0.00	4.77	(5.11)	54.17
OXLCI	0.21	0.02	(0.07)	1.65	0.19	(0.25)	0.55	(0.47)	1.50
LBGUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LGGNF	1.72	0.24	0.09	0.31	2.05	(1.87)	3.86	(3.46)	11.59

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