Apollo Global Correlations

APOS Stock

26.21 0.05 0.19%

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

Modest diversification

The correlation between Apollo Global Management and DJI is 0.28 (i.e., Modest 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

0.61

WMELF

Westmount Energy

Pair Corr

Moving against Apollo Stock

0.71	RCC	Small Cap Premium	Pair Corr
0.68	RCB	Ready Capital	Pair Corr
0.64	PCL	PGIM Corporate Bond	Pair Corr
0.63	SSNLF	Samsung Electronics	Pair Corr
0.56	PTAIY	Astra International Tbk	Pair Corr
0.51	SFB	Stifel Financial	Pair Corr
0.4	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.39	BKRKF	PT Bank Rakyat	Pair Corr
0.33	LTSL	Ladenburg Thalmann	Pair Corr
0.33	LTSF	Ladenburg Thalmann	Pair Corr
0.73	SCCO	Southern Copper	Pair Corr
0.69	CURN	Currency Exchange Potential Growth	Pair Corr
0.66	NNRI	NNRF Inc	Pair Corr
0.66	CFIGF	Challenger Limited	Pair Corr
0.59	NEXCF	Nextech Ar Solutions	Pair Corr
0.55	NVDA	NVIDIA	Pair Corr
0.55	HIPO	Hippo Holdings	Pair Corr
0.53	GPLL	Benchmark Energy	Pair Corr
0.5	SKVI	Skinvisible	Pair Corr
0.47	BRDCF	Bridgestone Earnings Call This Week	Pair Corr
0.47	IMO	Imperial Oil	Pair Corr
0.44	CMCO	Columbus McKinnon	Pair Corr
0.35	PCCYF	PetroChina	Pair Corr
0.72	IBM	International Business	Pair Corr
0.69	ACRV	Acrivon Therapeutics, Earnings Call Today	Pair Corr
0.67	KLAC	KLA Tencor	Pair Corr
0.62	TIMB	TIM Participacoes	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	0.6	0.0	0.62	0.44	-0.52	0.0	0.27	JBARF
ARCC	0.0	0.54		0.89	0.0	0.77	0.08	-0.78	0.0	0.52	ARCC
IVTBF	0.0	0.6	0.89		0.0	0.71	0.08	-0.77	0.0	0.48	IVTBF
AMDUF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	1.0	0.0	AMDUF
CRBG	0.0	0.62	0.77	0.71	0.0		0.26	-0.75	0.0	0.52	CRBG
SBHGF	0.0	0.44	0.08	0.08	0.0	0.26		-0.15	0.0	0.04	SBHGF
OXLCI	0.0	-0.52	-0.78	-0.77	0.0	-0.75	-0.15		0.0	-0.7	OXLCI
LBGUF	0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0		0.0	LBGUF
LGGNF	0.0	0.27	0.52	0.48	0.0	0.52	0.04	-0.7	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

LBGUF	+ 1.0	AMDUF
IVTBF	+ 0.89	ARCC
CRBG	+ 0.77	ARCC
CRBG	+ 0.71	IVTBF
CRBG	+ 0.62	JBARF
IVTBF	+ 0.6	JBARF

High negative correlations

OXLCI	- 0.78	ARCC
OXLCI	- 0.77	IVTBF
OXLCI	- 0.75	CRBG
LGGNF	- 0.7	OXLCI
OXLCI	- 0.52	JBARF
OXLCI	- 0.15	SBHGF

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	1.47	(0.04)	0.00	0.32	0.00	0.00	4.46	(4.23)	12.47
ARCC	0.80	(0.20)	0.00	(0.15)	0.00	0.00	1.56	(2.34)	5.72
IVTBF	0.39	(0.18)	0.00	(1.68)	0.00	0.00	0.00	0.00	8.62
AMDUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRBG	1.25	(0.32)	0.00	(0.12)	0.00	0.00	2.55	(3.03)	8.24
SBHGF	2.22	0.00	0.02	0.10	2.91	(2.33)	5.04	(4.03)	19.65
OXLCI	0.23	0.02	(0.14)	0.26	0.29	(0.26)	0.51	(0.51)	1.94
LBGUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LGGNF	2.06	(0.08)	0.00	(0.51)	0.00	0.00	5.05	(4.21)	10.58

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