Abacus Life Correlations

ABLDelisted Stock

8.47 0.05 0.59%

The current 90-days correlation between Abacus Life and Tekla Life Sciences is 0.18 (i.e., Average 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

Very weak diversification

The correlation between Abacus Life and DJI is 0.59 (i.e., Very weak 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. 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 Abacus Stock

0.92	KB	KB Financial Group	Pair Corr
0.93	SHG	Shinhan Financial	Pair Corr
0.92	WF	Woori Financial Group	Pair Corr
0.81	SBKO	Summit Bank Group	Pair Corr
0.77	VHI	Valhi Inc Earnings Call This Week	Pair Corr
0.75	CMI	Cummins	Pair Corr
0.82	TG	Tredegar	Pair Corr
0.88	VKQ	Invesco Municipal Trust	Pair Corr
0.84	RHHVF	Roche Holding AG	Pair Corr
0.71	INGR	Ingredion Incorporated	Pair Corr
0.73	BKCYF	Bank Of Cyprus Holdings P Normal Trading	Pair Corr
0.84	GEL	Genesis Energy LP	Pair Corr
0.89	OXY	Occidental Petroleum	Pair Corr
0.72	CGON	CG Oncology Common	Pair Corr
0.79	BCO	Brinks Company	Pair Corr
0.77	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.84	XYIGY	Xinyi Glass Holdings	Pair Corr
0.63	NTRSO	Northern Trust	Pair Corr
0.85	BNL	Broadstone Net Lease	Pair Corr
0.69	MEEEF	Metal Energy Corp	Pair Corr
0.87	TDY	Teledyne Technologies	Pair Corr
0.77	ABCB	Ameris Bancorp	Pair Corr
0.83	WLK	Westlake Chemical	Pair Corr
0.84	TWMIF	Tidewater Midstream and Earnings Call This Week	Pair Corr
0.76	SOJE	Southern Company	Pair Corr

Moving against Abacus Stock

0.78	PBCRY	Bank Central Asia	Pair Corr
0.68	PBCRF	PT Bank Central	Pair Corr
0.32	RVTI	Rival Technologies	Pair Corr
0.43	EYPT	Eyepoint Pharmaceuticals Earnings Call This Week	Pair Corr
0.37	KULR	KULR Technology Group	Pair Corr
0.32	SLI	Standard Lithium	Pair Corr

Related Correlations Analysis

	HQL	ITIC	CION	TCPC	EGBN	ABLLL	TCBX	BHB	CRD-A
HQL		-0.26	-0.18	-0.2	0.17	0.1	0.22	0.1	-0.02	HQL
ITIC	-0.26		0.16	0.21	-0.03	-0.15	0.13	-0.02	0.12	ITIC
CION	-0.18	0.16		0.91	-0.71	-0.86	-0.56	-0.63	0.41	CION
TCPC	-0.2	0.21	0.91		-0.66	-0.79	-0.59	-0.62	0.29	TCPC
EGBN	0.17	-0.03	-0.71	-0.66		0.92	0.83	0.92	-0.5	EGBN
ABLLL	0.1	-0.15	-0.86	-0.79	0.92		0.7	0.85	-0.51	ABLLL
TCBX	0.22	0.13	-0.56	-0.59	0.83	0.7		0.93	-0.17	TCBX
BHB	0.1	-0.02	-0.63	-0.62	0.92	0.85	0.93		-0.32	BHB
CRD-A	-0.02	0.12	0.41	0.29	-0.5	-0.51	-0.17	-0.32		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	+ 0.93	TCBX
ABLLL	+ 0.92	EGBN
BHB	+ 0.92	EGBN
TCPC	+ 0.91	CION
BHB	+ 0.85	ABLLL
TCBX	+ 0.83	EGBN

High negative correlations

ABLLL	- 0.86	CION
ABLLL	- 0.79	TCPC
EGBN	- 0.71	CION
EGBN	- 0.66	TCPC
BHB	- 0.63	CION
BHB	- 0.62	TCPC

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
HQL	0.90	0.01	(0.04)	0.14	0.98	(0.98)	2.05	(2.11)	5.46
ITIC	1.53	(0.24)	0.00	(0.12)	0.00	0.00	2.69	(3.18)	15.53
CION	1.05	(0.23)	0.00	(0.20)	0.00	0.00	1.53	(2.46)	5.26
TCPC	1.60	(0.29)	0.00	(0.73)	0.00	0.00	2.62	(2.55)	16.50
EGBN	1.98	0.51	0.31	0.43	1.33	(2.41)	4.98	(2.66)	21.65
ABLLL	0.17	0.06	(0.27)	(1.66)	0.00	(0.21)	0.53	(0.24)	1.26
TCBX	1.44	0.06	0.04	0.17	1.55	(1.54)	3.27	(2.53)	10.03
BHB	1.27	0.13	0.10	0.23	1.32	(1.50)	3.28	(2.19)	10.42
CRD-A	1.32	(0.08)	(0.07)	(0.01)	1.63	(1.36)	2.51	(2.71)	8.19

Delisting Warning - ABL

Abacus Life was delisted

The entity Abacus Life 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.

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

Still Interested in Abacus Life?

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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