Abacus Life, Correlations
| ABLLL Stock | 26.38 0.12 0.45% |
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
Average diversification
The correlation between Abacus Life, 9875 and DJI is 0.17 (i.e., Average 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.
Abacus |
Moving together with Abacus Stock
| 0.64 | AB | AllianceBernstein | PairCorr |
| 0.7 | AC | Associated Capital | PairCorr |
| 0.61 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.72 | CG | Carlyle Group | PairCorr |
| 0.69 | LB | LandBridge Company | PairCorr |
| 0.67 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.7 | SF | Stifel Financial Earnings Call This Week | PairCorr |
| 0.72 | TW | Tradeweb Markets Normal Trading | PairCorr |
| 0.73 | VALU | Value Line | PairCorr |
| 0.66 | VCTR | Victory Capital Holdings Normal Trading | PairCorr |
| 0.61 | VNO-PN | Vornado Realty Trust | PairCorr |
| 0.72 | RJF-PB | Raymond James Financial | PairCorr |
Moving against Abacus Stock
| 0.69 | RC | Ready Capital Corp | PairCorr |
| 0.65 | AHT-PG | Ashford Hospitality Trust Downward Rally | PairCorr |
| 0.63 | XP | Xp Inc | PairCorr |
| 0.6 | FR | First Industrial Realty | PairCorr |
| 0.55 | AHT-PF | Ashford Hospitality Trust | PairCorr |
| 0.53 | AHT-PH | Ashford Hospitality Trust | PairCorr |
| 0.53 | AHT-PI | Ashford Hospitality Trust | PairCorr |
| 0.31 | AHT-PD | Ashford Hospitality Trust | PairCorr |
| 0.67 | BRACU | Broad Capital Acquisition | PairCorr |
| 0.43 | VICI | VICI Properties | PairCorr |
| 0.33 | DMYY | dMY Squared Technology | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PMNXF | 2.39 | 0.11 | (0.01) | (0.07) | 3.23 | 6.32 | 20.57 | |||
| LGIH | 1.58 | (0.10) | 0.00 | 1.15 | 0.00 | 3.46 | 11.93 | |||
| NB | 3.42 | (0.51) | 0.00 | (0.72) | 0.00 | 5.33 | 28.43 | |||
| VINS | 0.20 | (0.11) | 0.00 | 5.20 | 0.00 | 0.00 | 6.25 | |||
| DREM | 0.52 | (0.22) | 0.00 | 0.48 | 0.00 | 0.00 | 16.67 | |||
| WING | 2.05 | (0.29) | 0.00 | (0.09) | 0.00 | 3.90 | 26.70 | |||
| WEN | 1.40 | 0.02 | 0.01 | 0.12 | 1.84 | 3.27 | 10.31 | |||
| UHG | 2.96 | 0.01 | 0.00 | 0.08 | 0.00 | 7.79 | 17.32 |