Correlation Between Copperbank Resources and Apollo Global

Can any of the company-specific risk be diversified away by investing in both Copperbank Resources and Apollo Global 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 Copperbank Resources and Apollo Global into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Copperbank Resources Corp and Apollo Global Management, you can compare the effects of market volatilities on Copperbank Resources and Apollo Global 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 Copperbank Resources with a short position of Apollo Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of Copperbank Resources and Apollo Global.

Diversification Opportunities for Copperbank Resources and Apollo Global

-0.3

Correlation Coefficient

Copperbank Resources  Apollo Global

Very good diversification

The 3 months correlation between Copperbank and Apollo is -0.3. Overlapping area represents the amount of risk that can be diversified away by holding Copperbank Resources Corp and Apollo Global Management in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Apollo Global Management and Copperbank Resources 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 Copperbank Resources Corp are associated (or correlated) with Apollo Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Apollo Global Management has no effect on the direction of Copperbank Resources i.e., Copperbank Resources and Apollo Global go up and down completely randomly.

Pair Corralation between Copperbank Resources and Apollo Global

Assuming the 90 days horizon Copperbank Resources Corp is expected to generate 16.54 times more return on investment than Apollo Global. However, Copperbank Resources is 16.54 times more volatile than Apollo Global Management. It trades about 0.21 of its potential returns per unit of risk. Apollo Global Management is currently generating about 0.07 per unit of risk. If you would invest  98.00  in Copperbank Resources Corp on September 10, 2025 and sell it today you would earn a total of  59.00  from holding Copperbank Resources Corp or generate 60.2% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Copperbank Resources Corp  vs.  Apollo Global Management

Copperbank Resources Corp

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Copperbank Resources Corp are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile forward-looking signals, Copperbank Resources reported solid returns over the last few months and may actually be approaching a breakup point.

Apollo Global Management

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Apollo Global Management are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Apollo Global 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 Copperbank Resources and Apollo Global

The main advantage of trading using opposite Copperbank Resources and Apollo Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Copperbank Resources position performs unexpectedly, Apollo Global 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 Apollo Global will offset losses from the drop in Apollo Global's long position.

The idea behind Copperbank Resources Corp and Apollo Global Management 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.

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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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.