Abacus Life, Correlations

ABLLL Stock

26.15 0.08 0.30%

The current 90-days correlation between Abacus Life, 9875 and Direct Line Insurance is 0.02 (i.e., Significant 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, 9875 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Abacus Life, Correlation With Market

Significant diversification

The correlation between Abacus Life, 9875 and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abacus Life, 9875 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, 9875. 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 economic analysis.

Moving together with Abacus Stock

0.63

FAAS

DigiAsia Corp Symbol Change

Pair Corr

Moving against Abacus Stock

0.35	RZB	Reinsurance Group	Pair Corr
0.35	UNMA	Unum Group	Pair Corr
0.35	ATMVR	AlphaVest Acquisition	Pair Corr
0.35	MACI	Melar Acquisition Corp	Pair Corr
0.32	LPAA	Launch One Acquisition	Pair Corr
0.31	OXSQG	Oxford Square Capital	Pair Corr
0.38	RILYZ	B Riley Financial Potential Growth	Pair Corr
0.33	PCSC	Perceptive Capital	Pair Corr

Related Correlations Analysis

	DIISY	NE	SDRL	CINF	HP	PLMR	ORI	BORR
DIISY		-0.59	-0.75	-0.3	-0.64	0.66	0.78	-0.78	DIISY
NE	-0.59		0.93	-0.15	0.87	-0.86	-0.6	0.89	NE
SDRL	-0.75	0.93		0.05	0.89	-0.92	-0.79	0.97	SDRL
CINF	-0.3	-0.15	0.05		0.09	0.06	-0.19	0.06	CINF
HP	-0.64	0.87	0.89	0.09		-0.81	-0.65	0.82	HP
PLMR	0.66	-0.86	-0.92	0.06	-0.81		0.78	-0.91	PLMR
ORI	0.78	-0.6	-0.79	-0.19	-0.65	0.78		-0.85	ORI
BORR	-0.78	0.89	0.97	0.06	0.82	-0.91	-0.85		BORR
	DIISY	NE	SDRL	CINF	HP	PLMR	ORI	BORR

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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

BORR	+ 0.97	SDRL
SDRL	+ 0.93	NE
BORR	+ 0.89	NE
HP	+ 0.89	SDRL
HP	+ 0.87	NE
BORR	+ 0.82	HP

High negative correlations

PLMR	- 0.92	SDRL
BORR	- 0.91	PLMR
PLMR	- 0.86	NE
BORR	- 0.85	ORI
PLMR	- 0.81	HP
ORI	- 0.79	SDRL

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
DIISY	0.96	0.18	0.08	(2.98)	1.25	(2.18)	3.06	(2.01)	15.05
NE	1.86	(0.26)	0.00	(0.31)	0.00	0.00	3.30	(4.19)	13.82
SDRL	1.98	(0.56)	0.00	(0.75)	0.00	0.00	3.10	(5.41)	13.22
CINF	1.16	0.04	0.00	(0.04)	0.00	0.00	2.63	(2.95)	6.94
HP	2.01	(0.34)	0.00	(0.81)	0.00	0.00	4.46	(3.46)	20.97
PLMR	1.82	0.44	0.21	0.35	1.83	(2.05)	4.06	(2.92)	17.48
ORI	0.95	0.22	0.17	0.20	1.26	(0.94)	2.16	(2.20)	6.06
BORR	2.72	(0.63)	0.00	(1.09)	0.00	0.00	4.84	(5.98)	13.75

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