Abacus Life Correlations

ABL Stock

7.77 0.08 1.02%

The current 90-days correlation between Abacus Life and Paysafe is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Abacus Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abacus Life moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Abacus Life Correlation With Market

Modest diversification

The correlation between Abacus Life and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abacus Life 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 Abacus Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Abacus Stock please use our How to buy in Abacus Stock guide.

Moving together with Abacus Stock

0.66	GNW	Genworth Financial	Pair Corr
0.65	JXN-PA	Jackson Financial	Pair Corr

Moving against Abacus Stock

0.32

ANG-PA

American National

Pair Corr

Related Correlations Analysis

	PCAR	PSFE	CARS	INLX	LCID	THO	ATMU	RIVN
PCAR		0.34	0.55	0.38	0.17	0.57	0.74	0.35	PCAR
PSFE	0.34		0.55	0.17	0.38	0.72	0.56	0.26	PSFE
CARS	0.55	0.55		0.77	0.7	0.77	0.77	0.75	CARS
INLX	0.38	0.17	0.77		0.46	0.44	0.47	0.68	INLX
LCID	0.17	0.38	0.7	0.46		0.44	0.4	0.78	LCID
THO	0.57	0.72	0.77	0.44	0.44		0.71	0.49	THO
ATMU	0.74	0.56	0.77	0.47	0.4	0.71		0.42	ATMU
RIVN	0.35	0.26	0.75	0.68	0.78	0.49	0.42		RIVN
	PCAR	PSFE	CARS	INLX	LCID	THO	ATMU	RIVN

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Risk-Adjusted Indicators

There is a big difference between Abacus Stock performing well and Abacus Life 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 Abacus Life'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
PCAR	1.28	(0.09)	0.00	(0.21)	0.00	0.00	2.24	(3.37)	9.09
PSFE	2.61	0.05	0.00	(0.07)	0.00	0.00	3.88	(5.69)	35.03
CARS	2.35	(0.55)	0.00	(0.39)	0.00	0.00	4.51	(4.19)	25.98
INLX	2.21	(0.30)	0.00	(1.06)	0.00	0.00	4.32	(4.41)	15.76
LCID	3.70	0.22	0.04	0.09	4.87	(3.70)	8.58	(7.55)	28.24
THO	1.91	(0.32)	0.00	(1.02)	0.00	0.00	3.61	(4.17)	18.55
ATMU	1.41	(0.02)	0.00	(0.11)	0.00	0.00	2.72	(4.30)	9.06
RIVN	3.06	(0.12)	0.00	(0.19)	0.00	0.00	5.90	(4.95)	32.24

Abacus Life Corporate Management

Seth Miller	Chief Officer	Profile
Krissy Lubrano	Managing HR	Profile
Christopher Romaine	General Counsel	Profile
Robert Phillips	Senior Affairs	Profile
Vinnie Pellegrino	Vice Markets	Profile

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