Apollo Global Correlations

Stocks . USA . 
Stock . Apollo Global Management
APOS Stock   26.46  0.05  0.19%   
The current 90-days correlation between Apollo Global Management and Tekla Healthcare Investors is 0.24 (i.e., Modest diversification). 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 0.86 (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 metropolitan statistical area.

Moving together with Apollo Stock

  0.81MGRB Affiliated ManagersPairCorr
  0.77MGR Affiliated ManagersPairCorr
  0.71LTSL Ladenburg ThalmannPairCorr
  0.7LTSF Ladenburg ThalmannPairCorr
  0.81RCB Ready CapitalPairCorr
  0.85RCC Small Cap PremiumPairCorr
  0.64KB KB Financial GroupPairCorr
  0.62WF Woori Financial GroupPairCorr
  0.83INTC IntelPairCorr
  0.82MTNOF MTN Group LimitedPairCorr
  0.7NNBR NN IncPairCorr
  0.84BLAGF Blue Lagoon ResourcesPairCorr
  0.8UMAC Unusual Machines Tech BoostPairCorr
  0.65LAND Gladstone Land Earnings Call TomorrowPairCorr
  0.72TORO ToroPairCorr
  0.87EMMA Emmaus Life SciencesPairCorr
  0.88TATT Tat TechnoPairCorr

Moving against Apollo Stock

  0.8PBCRY Bank Central AsiaPairCorr
  0.59SFB Stifel FinancialPairCorr
  0.54PBCRF PT Bank CentralPairCorr

Related Correlations Analysis


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

HRZN
+ 0.82
CSWC
GSBD
+ 0.78
MFIC
NMFC
+ 0.76
MFIC
HQH
+ 0.6
CSWC
HQH
+ 0.51
HRZN
PX
+ 0.49
CSWC
  

High negative correlations

PX
- 0.7
NMFC
PX
- 0.69
MFIC
PX
- 0.55
GSBD
NMFC
- 0.44
CSWC
HQH
- 0.43
NMFC
NMFC
- 0.31
HRZN

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.

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