Apollo Global Correlations

APO-PA Preferred Stock

USD 77.07 1.81 2.29%

The current 90-days correlation between Apollo Global Management and Aegon NV ADR is 0.47 (i.e., Very weak 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.

Apollo Global Correlation With Market

Poor diversification

The correlation between Apollo Global Management and DJI is 0.61 (i.e., 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.

The ability to find closely correlated positions to Apollo Global 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 Global 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 Global - 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 Global Management to buy it.

Moving together with Apollo Preferred Stock

0.93	INV	Innventure,	Pair Corr
0.87	ARES-PB	Ares Management Corp	Pair Corr
0.93	AX	Axos Financial	Pair Corr
0.79	BN	Brookfield Corp	Pair Corr
0.95	BX	Blackstone Group	Pair Corr
0.75	BY	Byline Bancorp	Pair Corr
0.87	CG	Carlyle Group Normal Trading	Pair Corr
0.94	CM	Canadian Imperial Bank	Pair Corr

Moving against Apollo Preferred Stock

0.76	GAINN	Gladstone Investment	Pair Corr
0.73	GECCO	Great Elm Capital	Pair Corr
0.71	OCCIM	OFS Credit ,	Pair Corr
0.61	OCCIO	OFS Credit	Pair Corr
0.61	ATCO-PD	Atlas Corp	Pair Corr
0.59	ATCO-PH	Atlas Corp	Pair Corr
0.55	PFG	Principal Financial Sell-off Trend	Pair Corr
0.54	OCCIN	OFS Credit	Pair Corr
0.42	OAK-PA	Oaktree Capital Group	Pair Corr
0.4	OAK-PB	Oaktree Capital Group Potential Growth	Pair Corr
0.81	LU	Lufax Holding	Pair Corr
0.8	DB	Deutsche Bank AG	Pair Corr
0.67	CB	Chubb	Pair Corr
0.62	GL	Globe Life	Pair Corr
0.57	HG	Hamilton Insurance Group,	Pair Corr
0.4	V	Visa Class A Sell-off Trend	Pair Corr
0.31	BK	Bank of New York Sell-off Trend	Pair Corr

Related Correlations Analysis

	AEG	ASO	MPX	PYTCF	GSHD	MYPS	RDN	PLTK
AEG		-0.48	-0.18	-0.46	0.51	-0.5	0.49	-0.16	AEG
ASO	-0.48		0.67	0.32	-0.78	0.86	0.04	0.73	ASO
MPX	-0.18	0.67		0.3	-0.56	0.77	0.38	0.82	MPX
PYTCF	-0.46	0.32	0.3		-0.24	0.41	-0.09	0.14	PYTCF
GSHD	0.51	-0.78	-0.56	-0.24		-0.63	0.14	-0.6	GSHD
MYPS	-0.5	0.86	0.77	0.41	-0.63		0.2	0.85	MYPS
RDN	0.49	0.04	0.38	-0.09	0.14	0.2		0.36	RDN
PLTK	-0.16	0.73	0.82	0.14	-0.6	0.85	0.36		PLTK
	AEG	ASO	MPX	PYTCF	GSHD	MYPS	RDN	PLTK

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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

MYPS	+ 0.86	ASO
PLTK	+ 0.85	MYPS
PLTK	+ 0.82	MPX
MYPS	+ 0.77	MPX
PLTK	+ 0.73	ASO
MPX	+ 0.67	ASO

High negative correlations

GSHD	- 0.78	ASO
MYPS	- 0.63	GSHD
PLTK	- 0.6	GSHD
GSHD	- 0.56	MPX
MYPS	- 0.5	AEG
ASO	- 0.48	AEG

Risk-Adjusted Indicators

There is a big difference between Apollo Preferred 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
AEG	1.22	0.23	0.08	0.20	2.51	(1.20)	2.68	(2.57)	12.41
ASO	1.85	(0.15)	0.00	(0.11)	0.00	0.00	4.76	(4.08)	13.16
MPX	1.57	(0.19)	0.00	(0.24)	0.00	0.00	3.06	(3.26)	12.51
PYTCF	0.31	(0.07)	0.00	(0.33)	0.00	0.00	0.00	0.00	10.00
GSHD	2.17	0.21	0.08	0.16	2.42	(2.38)	4.49	(4.92)	21.17
MYPS	2.99	(0.64)	0.00	(0.99)	0.00	0.00	5.65	(5.91)	20.72
RDN	1.00	(0.01)	(0.01)	(0.01)	1.49	(0.98)	1.91	(2.82)	6.29
PLTK	2.06	(0.72)	0.00	(0.70)	0.00	0.00	3.35	(4.89)	21.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in Apollo Global 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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