The best indicator for Apollo Global Management (APO)
We backtested 20 indicators across daily, weekly and hourly charts on real Apollo Global Management (APO) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
EMA 20/50 Cross
On the daily chart, this is the strongest risk-adjusted edge we found for Apollo Global Management (APO) over ~15.2 years — trailing buy-and-hold by 1.2% CAGR.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | EMA 20/50 Cross ✓ | Daily | 19.9% | 0.87 | -45.9% | 44.8% | 29 | -1.2% |
| 2 | Rate of Change ✓ | Daily | 18.3% | 0.81 | -44.6% | 43.3% | 215 | -2.8% |
| 3 | Donchian Breakout ✓ | Daily | 14.5% | 0.75 | -32.3% | 57.1% | 56 | -6.6% |
| 4 | Donchian Midline ✓ | Daily | 16.6% | 0.74 | -45.3% | 41.5% | 200 | -4.5% |
| 5 | Rate of Change ✓ | Weekly | 16.2% | 0.73 | -44.5% | 44.4% | 36 | -4.9% |
| 6 | Heikin-Ashi Trend | Daily | 16.2% | 0.72 | -47.7% | 47.0% | 730 | -4.9% |
| 7 | RSI Trend (>50) ✓ | Daily | 14.7% | 0.7 | -44.5% | 43.1% | 202 | -6.4% |
| 8 | CCI ✓ | Weekly | 12.6% | 0.68 | -42.2% | 81.2% | 16 | -8.5% |
| 9 | MACD ✓ | Weekly | 13.6% | 0.66 | -28.1% | 51.6% | 31 | -7.4% |
| 10 | MACD ✓ | Daily | 13.2% | 0.64 | -48.6% | 42.5% | 146 | -7.9% |
| 11 | Donchian Midline ✓ | Weekly | 13.8% | 0.63 | -45.3% | 48.6% | 37 | -7.2% |
| 12 | ADX / DMI ✓ | Daily | 9.4% | 0.59 | -32.3% | 45.2% | 93 | -11.7% |
| 13 | Bollinger Breakout ✓ | Daily | 8.9% | 0.58 | -26.9% | 50.0% | 72 | -12.2% |
| 14 | ADX / DMI ✓ | Weekly | 10.2% | 0.58 | -30.5% | 47.6% | 21 | -10.8% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Apollo Global Management (APO), EMA 20/50 Cross on the daily timeframe gave the best balance of return and risk in our test. It still trailed buy-and-hold on raw return — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
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