Apollo Global Correlations

APO Stock

USD 162.81 4.89 3.10%

The current 90-days correlation between Apollo Global Management and Blackstone Group is 0.68 (i.e., 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

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.

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

0.65	PYPL	PayPal Holdings	Pair Corr
0.69	CODI	Compass Diversified	Pair Corr
0.68	BX	Blackstone Group	Pair Corr
0.73	CM	Canadian Imperial Bank	Pair Corr

Moving against Apollo Stock

0.53	NCPLW	Netcapital	Pair Corr
0.35	HRZN	Horizon Technology	Pair Corr
0.31	SCM	Stellus Capital Inve Normal Trading	Pair Corr
0.46	PT	Pintec Technology	Pair Corr
0.44	GL	Globe Life	Pair Corr

Related Correlations Analysis

	CG	BX	BAM	ARES	KKR	TPG	CGBD	OWL	AMG	ARCC
CG		0.49	0.68	0.66	0.84	0.58	0.42	0.78	0.5	0.58	CG
BX	0.49		0.38	-0.18	0.73	0.93	-0.4	0.33	0.72	-0.32	BX
BAM	0.68	0.38		0.55	0.66	0.32	0.24	0.73	0.21	0.44	BAM
ARES	0.66	-0.18	0.55		0.37	-0.1	0.86	0.78	-0.01	0.93	ARES
KKR	0.84	0.73	0.66	0.37		0.8	0.11	0.71	0.74	0.24	KKR
TPG	0.58	0.93	0.32	-0.1	0.8		-0.29	0.34	0.75	-0.24	TPG
CGBD	0.42	-0.4	0.24	0.86	0.11	-0.29		0.53	-0.07	0.82	CGBD
OWL	0.78	0.33	0.73	0.78	0.71	0.34	0.53		0.34	0.63	OWL
AMG	0.5	0.72	0.21	-0.01	0.74	0.75	-0.07	0.34		-0.19	AMG
ARCC	0.58	-0.32	0.44	0.93	0.24	-0.24	0.82	0.63	-0.19		ARCC
	CG	BX	BAM	ARES	KKR	TPG	CGBD	OWL	AMG	ARCC

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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

TPG	+ 0.93	BX
ARCC	+ 0.93	ARES
CGBD	+ 0.86	ARES
KKR	+ 0.84	CG
ARCC	+ 0.82	CGBD
TPG	+ 0.8	KKR

High negative correlations

CGBD	- 0.4	BX
ARCC	- 0.32	BX
CGBD	- 0.29	TPG
ARCC	- 0.24	TPG
ARCC	- 0.19	AMG
ARES	- 0.18	BX

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	1.46	0.00	0.00	0.00	2.05	(1.43)	2.53	(3.69)	10.05
BX	1.49	(0.09)	0.00	(0.09)	0.00	0.00	2.72	(2.98)	11.08
BAM	1.40	0.11	0.05	0.14	2.05	(1.48)	3.18	(2.74)	10.20
ARES	1.29	0.15	0.07	0.18	1.81	(1.22)	2.41	(2.92)	8.71
KKR	1.68	(0.11)	0.00	(0.09)	0.00	0.00	3.61	(3.70)	13.30
TPG	1.56	(0.15)	0.00	(0.20)	0.00	0.00	3.17	(3.75)	9.04
CGBD	0.74	0.14	0.12	1.27	1.02	(0.74)	1.26	(1.35)	5.90
OWL	1.66	0.08	0.03	0.10	2.30	(1.66)	3.66	(3.50)	11.59
AMG	1.07	(0.13)	0.00	(0.18)	0.00	0.00	1.85	(2.27)	6.23
ARCC	0.60	0.14	0.15	0.65	0.73	(0.64)	1.18	(1.53)	4.48

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