Apollo Global Correlations
| APOS Stock | 26.37 0.04 0.15% |
The current 90-days correlation between Apollo Global Management and Rayonier Advanced Materials is -0.03 (i.e., Good 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
Good diversification
The correlation between Apollo Global Management and DJI is -0.17 (i.e., Good 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.
Moving together with Apollo Stock
| 0.83 | CGABL | Carlyle Group | PairCorr |
| 0.62 | LTSL | Ladenburg Thalmann | PairCorr |
| 0.8 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.7 | BNCWW | CEA Industries Symbol Change | PairCorr |
| 0.65 | HD | Home Depot | PairCorr |
| 0.66 | FARO | FARO Technologies | PairCorr |
Moving against Apollo Stock
| 0.59 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.41 | PTAIF | PT Astra International | PairCorr |
| 0.59 | LLY | Eli Lilly | PairCorr |
| 0.44 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.39 | BLSP | Blue Sphere Corp | PairCorr |
Related Correlations Analysis
| -0.17 | 0.0 | 0.0 | 0.12 | 0.0 | -0.12 | RYAM | ||
| -0.17 | 0.0 | 0.0 | 0.02 | 0.0 | 0.7 | FITSF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TBEV | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FHBC | ||
| 0.12 | 0.02 | 0.0 | 0.0 | 0.0 | 0.02 | PPBV | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ABVG | ||
| -0.12 | 0.7 | 0.0 | 0.0 | 0.02 | 0.0 | RLEA | ||
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RYAM | 2.40 | 0.81 | 0.35 | 0.37 | 1.85 | 6.04 | 16.91 | |||
| FITSF | 2.68 | (1.64) | 0.00 | (0.35) | 0.00 | 0.00 | 89.91 | |||
| TBEV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FHBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PPBV | 3.01 | 0.73 | 0.00 | 2.93 | 0.00 | 0.00 | 100.00 | |||
| ABVG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RLEA | 0.05 | (0.02) | 0.00 | (0.08) | 0.00 | 0.00 | 3.42 |