AGMH vs APLM: Correlation
Measured on weekly returns over the past three years, AGM Group Holdings Inc. - Class A (AGMH) and Apollomics Inc. - Class A (APLM) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGMH and APLM?
Across a 3-year window, the weekly returns of AGMH and APLM correlate at 0.52, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.52 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 19557.3 %².
In AGMH's tracked universe of 19 assets, APLM sits right near the top at #3. The last year tells two different stories: APLM led by 375.2 percentage points, -53.0% for AGMH against +322.2% for APLM.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AGMH vs APLM: side by side
| AGMH (AGM Group Holdings Inc. - Class A) | APLM (Apollomics Inc. - Class A) | |
|---|---|---|
| 1-year return | -53.0% | +322.2% |
| 5-year return | -99.8% | -97.3% |
| Volatility (ann.) | 233.6% | 159.8% |
| Beta vs S&P 500 | 2.39 | 0.72 |
| Max drawdown (3Y) | -99.3% | -99.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | 2.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGMH | APLM |
|---|---|---|
| 2022 | -31.2% | +4.3% |
| 2023 | +9.7% | -90.7% |
| 2024 | -16.6% | -89.9% |
| 2025 | -97.4% | +91.7% |
| 2026 | -51.6% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGMH and APLM good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AGMH and APLM?
The AGMH/APLM correlation stands at 0.52 on a 3-year window (1 year: 0.69, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is APLM a good diversifier for AGMH?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGMH correlations · APLM correlations
