Apollo Strategic Correlations

Summary

APGBDelisted Stock

USD 10.40 0.00 0.00%

The current 90-days correlation between Apollo Strategic Growth and Afternext Healthtech Acquisition is -0.06 (i.e., Good diversification). The correlation of Apollo Strategic 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.

Apollo Strategic Correlation With Market

Good diversification

The correlation between Apollo Strategic Growth and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apollo Strategic Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Apollo Stock

0.8	WMT	Walmart	Pair Corr
0.79	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.73	YPF	YPF Sociedad Anonima	Pair Corr
0.67	THCPU	Thunder Bridge Capital	Pair Corr
0.72	FNMFO	Federal National Mortgage	Pair Corr
0.63	DMRC	Digimarc	Pair Corr
0.77	SAPMF	Saipem SpA	Pair Corr
0.64	GIFI	Gulf Island Fabrication	Pair Corr
0.72	NBIX	Neurocrine Biosciences	Pair Corr

Moving against Apollo Stock

0.71	HNHPF	Hon Hai Precision	Pair Corr
0.54	VLKPF	Volkswagen AG VZO	Pair Corr
0.53	DPSTF	Deutsche Post AG	Pair Corr
0.5	VWAGY	Volkswagen AG 110	Pair Corr
0.5	VWAPY	Volkswagen AG Pref	Pair Corr
0.49	MEDS	Trxade Group Symbol Change	Pair Corr
0.44	VLKAF	Volkswagen AG	Pair Corr
0.52	PLL	Piedmont Lithium	Pair Corr
0.44	BYDDY	BYD Co	Pair Corr
0.34	251566AA3	DT 3625 21	Pair Corr
0.31	TOEYF	Toro Energy Limited	Pair Corr

Related Correlations Analysis

	AFTR	BACA	AHRN	ACRO	ACAQ	ATAQF	APNCW	AVNY
AFTR		-0.57	0.87	0.12	0.34	-0.02	0.0	0.0	AFTR
BACA	-0.57		-0.72	-0.23	0.02	0.27	0.0	0.0	BACA
AHRN	0.87	-0.72		0.3	0.15	-0.13	0.0	0.0	AHRN
ACRO	0.12	-0.23	0.3		-0.29	-0.17	0.0	0.0	ACRO
ACAQ	0.34	0.02	0.15	-0.29		0.1	0.0	0.0	ACAQ
ATAQF	-0.02	0.27	-0.13	-0.17	0.1		0.0	0.0	ATAQF
APNCW	0.0	0.0	0.0	0.0	0.0	0.0		0.0	APNCW
AVNY	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AVNY
	AFTR	BACA	AHRN	ACRO	ACAQ	ATAQF	APNCW	AVNY

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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

AHRN	+ 0.87	AFTR
ACAQ	+ 0.34	AFTR
ACRO	+ 0.3	AHRN
ATAQF	+ 0.27	BACA
ACAQ	+ 0.15	AHRN
ACRO	+ 0.12	AFTR

High negative correlations

AHRN	- 0.72	BACA
BACA	- 0.57	AFTR
ACAQ	- 0.29	ACRO
ACRO	- 0.23	BACA
ATAQF	- 0.17	ACRO
ATAQF	- 0.13	AHRN

Risk-Adjusted Indicators

There is a big difference between Apollo Stock performing well and Apollo Strategic 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 Strategic'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
AFTR	0.11	0.01	(0.12)	0.40	0.00	(0.19)	0.29	(0.19)	1.36
BACA	0.13	(0.01)	(0.11)	(1.37)	0.22	(0.40)	0.57	(0.47)	1.51
AHRN	0.05	0.00	(0.32)	(1.08)	0.00	(0.13)	0.19	(0.10)	0.38
ACRO	0.19	0.00	(0.10)	0.22	0.31	(0.27)	0.39	(0.49)	2.45
ACAQ	0.61	0.12	0.07	0.56	0.52	(1.19)	2.10	(1.50)	7.60
ATAQF	690.00	401.63	6.42	4.27	112.48	(1,109)	900.00	(96.00)	9,999
APNCW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Apollo Strategic Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Apollo Strategic stock to make a market-neutral strategy. Peer analysis of Apollo Strategic could also be used in its relative valuation, which is a method of valuing Apollo Strategic by comparing valuation metrics with similar companies.

Afternext Healthtech Acquisition Berenson Acquisition Corp Ahren Acquisition Corp Acropolis Infrastructure Acquisition Athena Consumer Acquisition Altimar Acquisition Corp Apeiron Capital Investment Manaris Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Apollo Strategic Growth?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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