Apollo Global Correlations

APO Stock

USD 144.64 3.26 2.20%

The current 90-days correlation between Apollo Global Management and Blackstone Group is 0.84 (i.e., Very 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

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.

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

0.8	WD	Walker Dunlop	Pair Corr
0.84	ECPG	Encore Capital Group	Pair Corr
0.84	AXP	American Express	Pair Corr
0.94	SYF	Synchrony Financial	Pair Corr
0.64	ORGN	Origin Materials	Pair Corr
0.91	PYPL	PayPal Holdings	Pair Corr
0.85	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.85	BITF	Bitfarms	Pair Corr
0.81	CODI	Compass Diversified	Pair Corr
0.61	UPST	Upstart Holdings	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
0.88	CG	Carlyle Group Normal Trading	Pair Corr
0.95	CM	Canadian Imperial Bank	Pair Corr

Moving against Apollo Stock

0.72	RENEW	Cartesian Growth	Pair Corr
0.4	V	Visa Class A Sell-off Trend	Pair Corr
0.37	PT	Pintec Technology	Pair Corr
0.33	GDST	Goldenstone Acquisition	Pair Corr
0.34	COOP	Mr Cooper Group	Pair Corr
0.32	BK	Bank of New York Sell-off Trend	Pair Corr
0.82	DB	Deutsche Bank AG	Pair Corr
0.82	LU	Lufax Holding	Pair Corr
0.72	LX	Lexinfintech Holdings	Pair Corr
0.69	CB	Chubb	Pair Corr
0.63	GL	Globe Life	Pair Corr
0.59	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	CG	BX	BAM	ARES	KKR	TPG	CGBD	OWL	AMG	ARCC
CG		0.95	0.87	0.96	0.95	0.93	0.91	0.91	0.82	0.49	CG
BX	0.95		0.77	0.92	0.98	0.97	0.91	0.91	0.92	0.26	BX
BAM	0.87	0.77		0.86	0.77	0.7	0.77	0.84	0.53	0.62	BAM
ARES	0.96	0.92	0.86		0.94	0.91	0.9	0.93	0.78	0.49	ARES
KKR	0.95	0.98	0.77	0.94		0.97	0.92	0.92	0.91	0.32	KKR
TPG	0.93	0.97	0.7	0.91	0.97		0.89	0.9	0.92	0.18	TPG
CGBD	0.91	0.91	0.77	0.9	0.92	0.89		0.88	0.83	0.43	CGBD
OWL	0.91	0.91	0.84	0.93	0.92	0.9	0.88		0.79	0.39	OWL
AMG	0.82	0.92	0.53	0.78	0.91	0.92	0.83	0.79		0.05	AMG
ARCC	0.49	0.26	0.62	0.49	0.32	0.18	0.43	0.39	0.05		ARCC
	CG	BX	BAM	ARES	KKR	TPG	CGBD	OWL	AMG	ARCC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
CG	2.07	(0.13)	0.00	(0.06)	0.00	0.00	3.25	(5.42)	10.93
BX	1.72	(0.27)	0.00	(0.15)	0.00	0.00	2.72	(4.22)	8.36
BAM	1.86	(0.14)	0.00	(0.08)	0.00	0.00	3.21	(5.34)	11.24
ARES	1.86	(0.18)	0.00	(0.09)	0.00	0.00	2.90	(5.11)	11.83
KKR	2.15	(0.29)	0.00	(0.14)	0.00	0.00	3.64	(5.61)	13.96
TPG	1.93	(0.33)	0.00	(0.19)	0.00	0.00	4.03	(4.92)	10.89
CGBD	0.95	(0.06)	0.00	(0.14)	0.00	0.00	1.81	(1.86)	5.89
OWL	2.15	(0.18)	0.00	0.73	0.00	0.00	3.89	(4.96)	9.33
AMG	1.38	(0.12)	0.00	(0.09)	0.00	0.00	2.68	(3.08)	6.33
ARCC	0.85	0.10	0.08	0.16	1.08	(0.87)	1.53	(1.94)	5.67

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC