Abacus Life Correlations

ABLLW Stock

1.50 0.02 1.32%

The current 90-days correlation between Abacus Life and Inhibrx is -0.04 (i.e., Good diversification). The correlation of Abacus Life is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Abacus Life Correlation With Market

Average diversification

The correlation between Abacus Life and DJI is 0.1 (i.e., Average 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 economic analysis.

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

Moving together with Abacus Stock

0.88	CB	Chubb	Pair Corr
0.81	DB	Deutsche Bank AG	Pair Corr
0.69	HG	Hamilton Insurance Group,	Pair Corr
0.78	LU	Lufax Holding Downward Rally	Pair Corr
0.68	LX	Lexinfintech Holdings	Pair Corr

Moving against Abacus Stock

0.8	CG	Carlyle Group Normal Trading	Pair Corr
0.8	CM	Canadian Imperial Bank	Pair Corr
0.77	BX	Blackstone Group Normal Trading	Pair Corr
0.71	BN	Brookfield Corp	Pair Corr
0.67	AX	Axos Financial	Pair Corr
0.57	BY	Byline Bancorp	Pair Corr
0.36	C	Citigroup Aggressive Push	Pair Corr
0.35	DIST	Distoken Acquisition	Pair Corr
0.86	MC	Moelis	Pair Corr
0.78	PX	P10 Inc	Pair Corr
0.77	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.75	KB	KB Financial Group	Pair Corr
0.64	PB	Prosperity Bancshares	Pair Corr
0.59	MS	Morgan Stanley	Pair Corr
0.45	GS	Goldman Sachs Group	Pair Corr
0.38	FG	FG Annuities Life	Pair Corr
0.35	NU	Nu Holdings Aggressive Push	Pair Corr
0.76	RF	Regions Financial	Pair Corr
0.75	SF	Stifel Financial	Pair Corr
0.74	RY	Royal Bank	Pair Corr
0.73	RM	Regional Management Corp Normal Trading	Pair Corr
0.63	WT	WisdomTree	Pair Corr
0.51	WD	Walker Dunlop	Pair Corr

Related Correlations Analysis

	INBX	ELNX	HIHO	RBC	PH	OMHE	CCS	NEOG
INBX		0.0	0.65	-0.64	-0.43	0.0	0.1	0.58	INBX
ELNX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ELNX
HIHO	0.65	0.0		-0.73	-0.12	0.0	0.18	0.73	HIHO
RBC	-0.64	0.0	-0.73		0.42	0.0	-0.17	-0.77	RBC
PH	-0.43	0.0	-0.12	0.42		0.0	0.55	0.1	PH
OMHE	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OMHE
CCS	0.1	0.0	0.18	-0.17	0.55	0.0		0.55	CCS
NEOG	0.58	0.0	0.73	-0.77	0.1	0.0	0.55		NEOG
	INBX	ELNX	HIHO	RBC	PH	OMHE	CCS	NEOG

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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

NEOG	+ 0.73	HIHO
HIHO	+ 0.65	INBX
NEOG	+ 0.58	INBX
CCS	+ 0.55	PH
NEOG	+ 0.55	CCS
PH	+ 0.42	RBC

High negative correlations

NEOG	- 0.77	RBC
RBC	- 0.73	HIHO
RBC	- 0.64	INBX
PH	- 0.43	INBX
CCS	- 0.17	RBC
PH	- 0.12	HIHO

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
INBX	2.51	(0.13)	0.00	0.05	0.00	0.00	5.73	(5.63)	16.41
ELNX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HIHO	1.03	0.00	0.04	(0.02)	1.43	(1.27)	2.65	(2.16)	8.10
RBC	1.24	0.08	0.07	0.02	1.35	(1.44)	3.35	(2.42)	11.50
PH	1.28	(0.02)	0.00	(0.09)	0.00	0.00	2.27	(3.50)	10.15
OMHE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCS	1.73	(0.20)	0.00	(0.28)	0.00	0.00	4.10	(3.25)	8.95
NEOG	2.03	(0.42)	0.00	(0.89)	0.00	0.00	3.92	(5.06)	12.07

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