Apollo Global Correlations

APOS Stock

26.46 0.02 0.08%

The current 90-days correlation between Apollo Global Management and Old Dominion Freight is 0.18 (i.e., Average diversification). The correlation of Apollo Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Apollo Global Correlation With Market

Modest diversification

The correlation between Apollo Global Management and DJI is 0.26 (i.e., Modest 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.

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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 persons.

Moving together with Apollo Stock

0.73	DHIL	Diamond Hill Investment	Pair Corr
0.77	DIST	Distoken Acquisition	Pair Corr
0.69	BX	Blackstone Group Normal Trading	Pair Corr
0.8	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.75	DX	Dynex Capital Earnings Call Tomorrow	Pair Corr
0.83	GS	Goldman Sachs Group	Pair Corr
0.75	MC	Moelis Earnings Call This Week	Pair Corr
0.79	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.8	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.84	WT	WisdomTree	Pair Corr
0.83	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.8	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.73	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.83	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.84	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.83	DMAA	Drugs Made In	Pair Corr
0.85	VACH	Voyager Acquisition Corp	Pair Corr
0.72	YHNAU	YHN Acquisition I	Pair Corr
0.74	NOEMU	CO2 Energy Transition	Pair Corr
0.79	VCIC	Vine Hill Capital	Pair Corr
0.74	VNO-PL	Vornado Realty Trust	Pair Corr
0.69	VCTR	Victory Capital Holdings Normal Trading	Pair Corr

Moving against Apollo Stock

0.58	LB	LandBridge Company	Pair Corr
0.39	PX	P10 Inc	Pair Corr
0.77	GCMGW	GCM Grosvenor	Pair Corr
0.53	VALU	Value Line	Pair Corr

Related Correlations Analysis

	ODFL	FSTR	DKL	LIND	TKLF	STKL	HDSN	COE
ODFL		0.31	0.61	0.71	0.78	0.82	0.73	0.42	ODFL
FSTR	0.31		0.52	0.68	0.19	0.27	0.53	0.62	FSTR
DKL	0.61	0.52		0.91	0.69	0.85	0.87	0.83	DKL
LIND	0.71	0.68	0.91		0.73	0.84	0.91	0.82	LIND
TKLF	0.78	0.19	0.69	0.73		0.86	0.77	0.41	TKLF
STKL	0.82	0.27	0.85	0.84	0.86		0.89	0.6	STKL
HDSN	0.73	0.53	0.87	0.91	0.77	0.89		0.78	HDSN
COE	0.42	0.62	0.83	0.82	0.41	0.6	0.78		COE
	ODFL	FSTR	DKL	LIND	TKLF	STKL	HDSN	COE

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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
ODFL	1.75	(0.13)	(0.02)	0.05	2.17	(1.91)	3.79	(3.27)	15.17
FSTR	1.69	0.04	0.04	0.17	2.04	(1.81)	3.81	(3.11)	11.27
DKL	1.12	0.24	0.13	0.53	1.13	(1.23)	2.48	(2.19)	7.71
LIND	1.89	0.52	0.25	0.60	1.60	(2.19)	5.23	(3.42)	13.79
TKLF	1.53	0.29	0.10	0.94	1.41	(1.96)	4.70	(3.32)	10.30
STKL	2.86	0.46	0.22	0.34	2.18	(3.75)	7.64	(4.47)	33.17
HDSN	2.25	0.38	0.23	0.37	1.65	(3.06)	8.29	(3.51)	20.60
COE	3.05	1.01	0.19	9.00	3.35	(3.61)	8.91	(7.55)	24.60

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