Abacus Life Correlations
| ABLLWDelisted Stock | 1.29 0.00 0.00% |
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
Pay attention - limited upside
The correlation between Abacus Life and DJI is -0.74 (i.e., Pay attention - limited upside) 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.
Abacus |
Moving together with Abacus Stock
Moving against Abacus Stock
| 0.88 | ADEA | ADEIA P | PairCorr |
| 0.81 | CCL | Carnival | PairCorr |
| 0.7 | ESCA | Escalade Incorporated | PairCorr |
| 0.7 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.69 | SBKO | Summit Bank Group | PairCorr |
| 0.67 | GL-PD | Globe Life 425 | PairCorr |
| 0.66 | CMI | Cummins | PairCorr |
| 0.66 | INGR | Ingredion Incorporated | PairCorr |
| 0.63 | BCO | Brinks Company | PairCorr |
| 0.62 | RHHVF | Roche Holding AG | PairCorr |
| 0.62 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.6 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.53 | BKRKY | Bank Rakyat | PairCorr |
| 0.49 | CGON | CG Oncology Common | PairCorr |
| 0.46 | GEL | Genesis Energy LP | PairCorr |
| 0.43 | VHI | Valhi Inc Earnings Call This Week | PairCorr |
| 0.37 | BKCYF | Bank Of Cyprus Holdings P Normal Trading | PairCorr |
| 0.36 | WF | Woori Financial Group | PairCorr |
| 0.36 | OXY | Occidental Petroleum Aggressive Push | PairCorr |
| 0.35 | KB | KB Financial Group | PairCorr |
| 0.33 | SHG | Shinhan Financial | PairCorr |
| 0.76 | ARNI | Arno Therapeutics | PairCorr |
| 0.7 | NTRSO | Northern Trust | PairCorr |
| 0.64 | TFC | Truist Financial Corp | PairCorr |
| 0.63 | WEJTY | Webjet Limited | PairCorr |
| 0.62 | IFS | Intercorp Financial | PairCorr |
| 0.61 | WLK | Westlake Chemical | PairCorr |
| 0.61 | POGS | Pioneer Oil Gas | PairCorr |
| 0.6 | MEEEF | Metal Energy Corp | PairCorr |
| 0.6 | VOD | Vodafone Group PLC | PairCorr |
| 0.59 | FMFP | First Community Financial | PairCorr |
Related Correlations Analysis
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IHC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GWGHQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YDVL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VERY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MDWT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CFIN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SKRUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NWLI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Abacus Life Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Abacus Life stock to make a market-neutral strategy. Peer analysis of Abacus Life could also be used in its relative valuation, which is a method of valuing Abacus Life by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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.