Apollo Global Correlations

APO Stock

USD 144.47 1.69 1.18%

The current 90-days correlation between Apollo Global Management and BorgWarner is 0.76 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apollo Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apollo Global Management moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Apollo Global Correlation With Market

Very poor diversification

The correlation between Apollo Global Management and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apollo Global Management and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Apollo Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apollo Global Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Apollo Stock

0.68	V	Visa Class A	Pair Corr
0.82	LC	LendingClub Corp	Pair Corr
0.69	MA	Mastercard	Pair Corr
0.74	QD	Qudian Inc	Pair Corr
0.74	VRTS	Virtus Investment	Pair Corr
0.78	ECPG	Encore Capital Group	Pair Corr
0.74	ENVA	Enova International	Pair Corr
0.8	AXP	American Express	Pair Corr
0.65	MFIN	Medallion Financial Corp	Pair Corr
0.8	NAVI	Navient Corp	Pair Corr
0.77	PNNT	PennantPark Investment	Pair Corr
0.79	APAM	Artisan Partners Asset	Pair Corr
0.65	SLRC	SLR Investment Corp	Pair Corr
0.75	TRTX	TPG RE Finance	Pair Corr
0.77	C	Citigroup Aggressive Push	Pair Corr
0.75	L	Loews Corp	Pair Corr
0.64	DHIL	Diamond Hill Investment	Pair Corr
0.78	AB	AllianceBernstein	Pair Corr
0.71	AC	Associated Capital	Pair Corr
0.77	AX	Axos Financial	Pair Corr
0.72	BK	Bank of New York	Pair Corr
0.82	BN	Brookfield Corp	Pair Corr
0.89	BX	Blackstone Group	Pair Corr
0.82	BY	Byline Bancorp Normal Trading	Pair Corr
0.75	CG	Carlyle Group Normal Trading	Pair Corr
0.62	CM	Canadian Imperial Bank	Pair Corr
0.75	DB	Deutsche Bank AG	Pair Corr

Moving against Apollo Stock

0.37	EZPW	EZCORP Inc	Pair Corr
0.34	PT	Pintec Technology	Pair Corr
0.32	FG	FG Annuities Life	Pair Corr

Related Correlations Analysis

	HDSN	BWA	FSI	CARS	DOOO	PPG	APD	ROG
HDSN		0.95	0.64	-0.1	0.7	0.89	0.57	0.86	HDSN
BWA	0.95		0.71	-0.23	0.74	0.92	0.61	0.89	BWA
FSI	0.64	0.71		-0.04	0.66	0.72	0.81	0.76	FSI
CARS	-0.1	-0.23	-0.04		-0.04	-0.05	0.11	-0.19	CARS
DOOO	0.7	0.74	0.66	-0.04		0.63	0.61	0.67	DOOO
PPG	0.89	0.92	0.72	-0.05	0.63		0.75	0.89	PPG
APD	0.57	0.61	0.81	0.11	0.61	0.75		0.73	APD
ROG	0.86	0.89	0.76	-0.19	0.67	0.89	0.73		ROG
	HDSN	BWA	FSI	CARS	DOOO	PPG	APD	ROG

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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

BWA	+ 0.95	HDSN
PPG	+ 0.92	BWA
PPG	+ 0.89	HDSN
ROG	+ 0.89	BWA
ROG	+ 0.89	PPG
ROG	+ 0.86	HDSN

High negative correlations

CARS	- 0.23	BWA
ROG	- 0.19	CARS
CARS	- 0.1	HDSN
PPG	- 0.05	CARS
DOOO	- 0.04	CARS
CARS	- 0.04	FSI

Risk-Adjusted Indicators

There is a big difference between Apollo Stock performing well and Apollo Global 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 Global'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
HDSN	2.52	0.39	0.16	0.43	2.31	(3.29)	8.29	(4.02)	20.60
BWA	1.67	0.23	0.11	0.31	1.93	(1.86)	3.94	(3.66)	12.79
FSI	2.68	0.13	0.04	0.23	3.40	(2.77)	9.30	(7.37)	20.69
CARS	2.10	0.07	0.02	0.18	3.19	(2.08)	4.33	(3.90)	19.46
DOOO	2.23	0.61	0.23	0.66	2.11	(2.54)	5.75	(3.28)	19.19
PPG	1.69	0.01	0.02	0.11	2.19	(1.80)	3.37	(4.65)	17.61
APD	1.39	(0.10)	(0.04)	0.01	2.09	(1.30)	2.66	(3.02)	11.71
ROG	2.15	0.04	0.02	0.14	3.52	(2.04)	3.94	(3.06)	17.40

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