Abacus Life Stock Market Value
| ABLLW Stock | 1.15 0.23 16.67% |
| Symbol | Abacus |
Abacus Life Price To Book Ratio
Is Life & Health Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Abacus Life. If investors know Abacus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Abacus Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Abacus Life is measured differently than its book value, which is the value of Abacus that is recorded on the company's balance sheet. Investors also form their own opinion of Abacus Life's value that differs from its market value or its book value, called intrinsic value, which is Abacus Life's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Abacus Life's market value can be influenced by many factors that don't directly affect Abacus Life's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Abacus Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Abacus Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abacus Life's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Abacus Life 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Abacus Life's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Abacus Life.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Abacus Life on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Abacus Life or generate 0.0% return on investment in Abacus Life over 300 days. Abacus Life is related to or competes with Northstar Clean, Integral, BCE, Ultra Clean, PennantPark Investment, Pinterest, and Sun Life. Abacus Life is entity of United States. It is traded as Stock on NASDAQ exchange. More
Abacus Life Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Abacus Life's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Abacus Life upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 27.7 | |||
| Value At Risk | (9.15) | |||
| Potential Upside | 8.94 |
Abacus Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abacus Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abacus Life's standard deviation. In reality, there are many statistical measures that can use Abacus Life historical prices to predict the future Abacus Life's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | 8.86 |
Abacus Life Backtested Returns
Abacus Life secures Sharpe Ratio (or Efficiency) of -0.0194, which signifies that the company had a -0.0194% return per unit of standard deviation over the last 3 months. Abacus Life exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Abacus Life's risk adjusted performance of (0.02), and Mean Deviation of 4.08 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0245, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Abacus Life are expected to decrease at a much lower rate. During the bear market, Abacus Life is likely to outperform the market. At this point, Abacus Life has a negative expected return of -0.11%. Please make sure to confirm Abacus Life's total risk alpha, as well as the relationship between the kurtosis and market facilitation index , to decide if Abacus Life performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Abacus Life has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Abacus Life time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Abacus Life price movement. The serial correlation of -0.71 indicates that around 71.0% of current Abacus Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Abacus Life lagged returns against current returns
Autocorrelation, which is Abacus Life stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Abacus Life's stock expected returns. We can calculate the autocorrelation of Abacus Life returns to help us make a trade decision. For example, suppose you find that Abacus Life has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Abacus Life regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Abacus Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abacus Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abacus Life stock over time.
Current vs Lagged Prices |
| Timeline |
Abacus Life Lagged Returns
When evaluating Abacus Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abacus Life stock have on its future price. Abacus Life autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Abacus Life autocorrelation shows the relationship between Abacus Life stock current value and its past values and can show if there is a momentum factor associated with investing in Abacus Life.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Abacus Stock Analysis
When running Abacus Life's price analysis, check to measure Abacus Life's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abacus Life is operating at the current time. Most of Abacus Life's value examination focuses on studying past and present price action to predict the probability of Abacus Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abacus Life's price. Additionally, you may evaluate how the addition of Abacus Life to your portfolios can decrease your overall portfolio volatility.