ABL Old Correlations

ABLDelisted Stock

8.47 0.05 0.59%

The current 90-days correlation between ABL Old and Tekla Life Sciences is -0.16 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ABL Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABL Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ABL Old Correlation With Market

Very poor diversification

The correlation between ABL Old and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABL Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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.

Moving together with ABL Stock

0.81	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.92	AA	Alcoa Corp	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.88	BA	Boeing Earnings Call Today	Pair Corr
0.67	MRK	Merck Company Earnings Call This Week	Pair Corr
0.69	WMT	Walmart Common Stock	Pair Corr
0.86	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.68	DD	Dupont De Nemours	Pair Corr

Moving against ABL Stock

0.75	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.74	HPQ	HP Inc	Pair Corr
0.59	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr
0.36	PG	Procter Gamble	Pair Corr
0.35	MMM	3M Company	Pair Corr

Related Correlations Analysis

	HQL	ITIC	CION	TCPC	EGBN	ABLLL	TCBX	BHB	CRD-A
HQL		-0.36	0.4	0.33	0.45	0.35	0.4	0.43	0.02	HQL
ITIC	-0.36		-0.15	-0.19	-0.54	-0.48	-0.29	-0.47	0.23	ITIC
CION	0.4	-0.15		0.54	0.41	0.4	0.48	0.49	0.21	CION
TCPC	0.33	-0.19	0.54		0.35	0.15	0.41	0.42	-0.3	TCPC
EGBN	0.45	-0.54	0.41	0.35		0.82	0.73	0.88	-0.07	EGBN
ABLLL	0.35	-0.48	0.4	0.15	0.82		0.5	0.8	0.11	ABLLL
TCBX	0.4	-0.29	0.48	0.41	0.73	0.5		0.86	0.26	TCBX
BHB	0.43	-0.47	0.49	0.42	0.88	0.8	0.86		0.13	BHB
CRD-A	0.02	0.23	0.21	-0.3	-0.07	0.11	0.26	0.13		CRD-A
	HQL	ITIC	CION	TCPC	EGBN	ABLLL	TCBX	BHB	CRD-A

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

BHB	+ 0.88	EGBN
BHB	+ 0.86	TCBX
ABLLL	+ 0.82	EGBN
BHB	+ 0.8	ABLLL
TCBX	+ 0.73	EGBN
TCPC	+ 0.54	CION

High negative correlations

EGBN	- 0.54	ITIC
ABLLL	- 0.48	ITIC
BHB	- 0.47	ITIC
ITIC	- 0.36	HQL
CRD-A	- 0.3	TCPC
TCBX	- 0.29	ITIC

Risk-Adjusted Indicators

There is a big difference between ABL Stock performing well and ABL Old 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 ABL Old'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
HQL	1.22	0.03	0.01	0.11	1.41	(1.28)	2.88	(2.20)	6.78
ITIC	1.35	(0.07)	(0.04)	0.01	1.60	(1.37)	3.01	(2.44)	10.23
CION	1.10	0.02	(0.01)	0.11	1.53	(1.02)	1.77	(2.28)	10.23
TCPC	1.41	(0.12)	0.00	(0.25)	0.00	0.00	2.55	(2.35)	8.47
EGBN	2.20	0.54	0.15	(24.48)	2.61	(2.44)	5.15	(3.55)	12.55
ABLLL	0.17	0.05	(0.08)	1.03	0.00	(0.21)	0.53	(0.24)	1.26
TCBX	1.39	(0.05)	(0.03)	0.03	1.61	(1.51)	3.27	(2.60)	9.59
BHB	1.38	0.12	0.08	0.19	1.45	(1.63)	3.58	(2.46)	8.32
CRD-A	1.26	(0.05)	(0.05)	0.00	1.50	(1.35)	2.92	(2.44)	8.13

Delisting Warning - ABL

ABL Old was delisted

The entity ABL Old with a symbol ABL was delisted from NASDAQ Exchange. Please try Abacus Global Management with a symbol ABX from now on. Check all delisted instruments accross multiple markets.

ABL Old 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

Still Interested in ABL Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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