Correlation Between Seneca Financial and Apollo Bancorp

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

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

Diversification Opportunities for Seneca Financial and Apollo Bancorp

0.0

Correlation Coefficient

Seneca Financial  Apollo Bancorp

Pay attention - limited upside

The 3 months correlation between Seneca and Apollo is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Seneca Financial Corp and Apollo Bancorp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Apollo Bancorp and Seneca Financial 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 Seneca Financial Corp are associated (or correlated) with Apollo Bancorp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Apollo Bancorp has no effect on the direction of Seneca Financial i.e., Seneca Financial and Apollo Bancorp go up and down completely randomly.

Pair Corralation between Seneca Financial and Apollo Bancorp

If you would invest (100.00) in Apollo Bancorp on August 26, 2025 and sell it today you would earn a total of  100.00  from holding Apollo Bancorp or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Seneca Financial Corp  vs.  Apollo Bancorp

Seneca Financial Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Seneca Financial Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in December 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Apollo Bancorp

Risk-Adjusted Performance

Weakest

Over the last 90 days Apollo Bancorp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy essential indicators, Apollo Bancorp is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors.

Pair Trading with Seneca Financial and Apollo Bancorp

The main advantage of trading using opposite Seneca Financial and Apollo Bancorp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Seneca Financial position performs unexpectedly, Apollo Bancorp 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 Bancorp will offset losses from the drop in Apollo Bancorp's long position.

The idea behind Seneca Financial Corp and Apollo Bancorp 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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.