Correlation Between InRetail Perú and Apollo Global

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

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

Diversification Opportunities for InRetail Perú and Apollo Global

0.0

Correlation Coefficient

InRetail Perú  Apollo Global

Pay attention - limited upside

The 3 months correlation between InRetail and Apollo is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding InRetail Per 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 InRetail Perú 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 InRetail Per 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 InRetail Perú i.e., InRetail Perú and Apollo Global go up and down completely randomly.

Pair Corralation between InRetail Perú and Apollo Global

If you would invest  2,581  in Apollo Global Management on September 24, 2025 and sell it today you would earn a total of  23.00  from holding Apollo Global Management or generate 0.89% return on investment over 90 days.

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

InRetail Per Corp  vs.  Apollo Global Management

InRetail Per Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days InRetail Per Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable technical and fundamental indicators, InRetail Perú is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Apollo Global Management

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Apollo Global Management are ranked lower than 2 (%) 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 InRetail Perú and Apollo Global

The main advantage of trading using opposite InRetail Perú and Apollo Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if InRetail Perú 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 InRetail Per 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.