Correlation Between FitLife Brands, and Apollo Global

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

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

Diversification Opportunities for FitLife Brands, and Apollo Global

0.18

Correlation Coefficient

FitLife Brands,  Apollo Global

Average diversification

The 3 months correlation between FitLife and Apollo is 0.18. Overlapping area represents the amount of risk that can be diversified away by holding FitLife Brands, Common 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 FitLife Brands, 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 FitLife Brands, Common 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 FitLife Brands, i.e., FitLife Brands, and Apollo Global go up and down completely randomly.

Pair Corralation between FitLife Brands, and Apollo Global

Given the investment horizon of 90 days FitLife Brands, Common is expected to generate 8.22 times more return on investment than Apollo Global. However, FitLife Brands, is 8.22 times more volatile than Apollo Global Management. It trades about 0.09 of its potential returns per unit of risk. Apollo Global Management is currently generating about 0.15 per unit of risk. If you would invest  1,444  in FitLife Brands, Common on May 25, 2025 and sell it today you would earn a total of  256.00  from holding FitLife Brands, Common or generate 17.73% return on investment over 90 days.

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

FitLife Brands, Common  vs.  Apollo Global Management

FitLife Brands, Common

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in FitLife Brands, Common are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak essential indicators, FitLife Brands, reported solid returns over the last few months and may actually be approaching a breakup point.

Apollo Global Management

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Apollo Global Management are ranked lower than 11 (%) 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 latest stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with FitLife Brands, and Apollo Global

The main advantage of trading using opposite FitLife Brands, and Apollo Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FitLife Brands, 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 FitLife Brands, Common 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.