Apollo Bancorp Correlations

APLO Stock

USD 39.29 1.39 3.42%

The current 90-days correlation between Apollo Bancorp and The Farmers Bank is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apollo Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apollo Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

The ability to find closely correlated positions to Apollo Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apollo Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Apollo Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Apollo Bancorp to buy it.

Moving against Apollo Pink Sheet

0.54	BBAS3	Banco do Brasil	Pair Corr
0.55	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	FBPA	CTYP	BKUTK	DWNX	QNBC	CCFN	WDFN	SOMC	PNBI
FBPA		-0.89	0.41	-0.05	-0.33	0.75	-0.19	0.87	0.78	FBPA
CTYP	-0.89		-0.36	0.09	0.32	-0.59	0.32	-0.76	-0.69	CTYP
BKUTK	0.41	-0.36		-0.28	-0.26	0.72	0.38	0.46	0.43	BKUTK
DWNX	-0.05	0.09	-0.28		0.19	-0.14	-0.4	0.05	0.02	DWNX
QNBC	-0.33	0.32	-0.26	0.19		-0.36	-0.05	-0.33	-0.3	QNBC
CCFN	0.75	-0.59	0.72	-0.14	-0.36		0.28	0.8	0.77	CCFN
WDFN	-0.19	0.32	0.38	-0.4	-0.05	0.28		-0.13	0.02	WDFN
SOMC	0.87	-0.76	0.46	0.05	-0.33	0.8	-0.13		0.87	SOMC
PNBI	0.78	-0.69	0.43	0.02	-0.3	0.77	0.02	0.87		PNBI
	FBPA	CTYP	BKUTK	DWNX	QNBC	CCFN	WDFN	SOMC	PNBI

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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

SOMC	+ 0.87	FBPA
PNBI	+ 0.87	SOMC
SOMC	+ 0.8	CCFN
PNBI	+ 0.78	FBPA
PNBI	+ 0.77	CCFN
CCFN	+ 0.75	FBPA

High negative correlations

CTYP	- 0.89	FBPA
SOMC	- 0.76	CTYP
PNBI	- 0.69	CTYP
CCFN	- 0.59	CTYP
WDFN	- 0.4	DWNX
CCFN	- 0.36	QNBC

Risk-Adjusted Indicators

There is a big difference between Apollo Pink Sheet performing well and Apollo Bancorp 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 Bancorp'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
FBPA	0.29	0.04	0.00	0.38	0.00	0.00	1.24	(0.40)	5.94
CTYP	0.34	(0.14)	0.00	3.63	0.00	0.00	0.00	0.00	9.08
BKUTK	1.14	0.16	0.00	(1.20)	1.47	(1.66)	1.91	(3.55)	9.03
DWNX	0.41	0.02	(0.11)	0.04	0.67	(0.64)	0.72	(1.67)	4.88
QNBC	0.56	(0.01)	0.00	(0.61)	0.00	0.00	1.14	(1.54)	5.40
CCFN	1.33	0.36	0.08	(3.16)	1.52	(2.00)	4.03	(2.63)	13.58
WDFN	1.10	0.08	(0.03)	(0.52)	1.51	(1.89)	3.11	(3.61)	9.89
SOMC	0.88	0.31	0.11	(31.55)	0.81	(1.27)	2.97	(2.08)	7.98
PNBI	0.40	0.12	0.00	0.92	0.00	0.00	0.97	(0.20)	7.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Apollo Bancorp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Apollo Bancorp Corporate Management

Kirk Montgomery	VP Officer	Profile
Carolyn Bash	Assistant Treasurer	Profile
Robert CPA	Treasurer VP	Profile
Thomas Backus	VP Lending	Profile
Christopher Martin	VP Officer	Profile
Julia Holmes	VP Sec	Profile

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