Correlation Between Apollo Global and Altus Property

Can any of the company-specific risk be diversified away by investing in both Apollo Global and Altus Property at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Apollo Global and Altus Property into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Apollo Global Capital and Altus Property Ventures, you can compare the effects of market volatilities on Apollo Global and Altus Property and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Apollo Global with a short position of Altus Property. Check out your portfolio center. Please also check ongoing floating volatility patterns of Apollo Global and Altus Property.

Diversification Opportunities for Apollo Global and Altus Property

0.0

Correlation Coefficient

Apollo Global  Altus Property

Pay attention - limited upside

The 3 months correlation between Apollo and Altus is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Apollo Global Capital and Altus Property Ventures in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Altus Property Ventures and Apollo Global is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Apollo Global Capital are associated (or correlated) with Altus Property. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Altus Property Ventures has no effect on the direction of Apollo Global i.e., Apollo Global and Altus Property go up and down completely randomly.

Pair Corralation between Apollo Global and Altus Property

If you would invest  0.53  in Apollo Global Capital on June 28, 2025 and sell it today you would earn a total of  0.33  from holding Apollo Global Capital or generate 62.26% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Apollo Global Capital  vs.  Altus Property Ventures

Apollo Global Capital

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Apollo Global Capital are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical and fundamental indicators, Apollo Global exhibited solid returns over the last few months and may actually be approaching a breakup point.

Altus Property Ventures

Risk-Adjusted Performance

Weakest

Over the last 90 days Altus Property Ventures has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Altus Property is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Apollo Global and Altus Property

The main advantage of trading using opposite Apollo Global and Altus Property positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Apollo Global position performs unexpectedly, Altus Property can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altus Property will offset losses from the drop in Altus Property's long position.

The idea behind Apollo Global Capital and Altus Property Ventures pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.