Abacus Life, Correlations

ABLLL Stock

27.23 0.05 0.18%

The current 90-days correlation between Abacus Life, 9875 and Maiden Holdings is 0.1 (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, 9875 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Abacus Life, Correlation With Market

Good diversification

The correlation between Abacus Life, 9875 and DJI is -0.15 (i.e., Good 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abacus Life, 9875. 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 economic analysis.

Moving together with Abacus Stock

0.63	FCRX	First Eagle Alternative	Pair Corr
0.73	DLO	Dlocal	Pair Corr
0.63	PRE	Prenetics Global	Pair Corr
0.76	LPAA	Launch One Acquisition	Pair Corr
0.64	MARXR	Mars Acquisition Corp	Pair Corr

Moving against Abacus Stock

0.75	MGR	Affiliated Managers	Pair Corr
0.63	AFGE	American Financial	Pair Corr
0.59	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.58	AIZN	Assurant	Pair Corr
0.51	STSSW	Sharps Technology Warrant	Pair Corr
0.5	MHLA	Maiden Holdings	Pair Corr
0.38	MFI	mF International	Pair Corr
0.34	FIS	Fidelity National	Pair Corr
0.66	QTI	QT Imaging Holdings Symbol Change	Pair Corr
0.34	NVACR	NorthView Acquisition	Pair Corr
0.31	JKHY	Jack Henry Associates	Pair Corr

Related Correlations Analysis

	RZB	MHLA	AFGE	AIZN	UNMA	EHTH	ABL	AJG	AON
RZB		0.01	0.34	0.29	0.85	-0.42	0.39	0.06	-0.22	RZB
MHLA	0.01		0.6	0.67	-0.2	-0.64	0.26	0.26	0.41	MHLA
AFGE	0.34	0.6		0.85	0.15	-0.73	0.66	0.01	-0.17	AFGE
AIZN	0.29	0.67	0.85		0.16	-0.68	0.66	-0.18	-0.15	AIZN
UNMA	0.85	-0.2	0.15	0.16		-0.28	0.42	-0.11	-0.36	UNMA
EHTH	-0.42	-0.64	-0.73	-0.68	-0.28		-0.75	0.02	0.18	EHTH
ABL	0.39	0.26	0.66	0.66	0.42	-0.75		-0.38	-0.59	ABL
AJG	0.06	0.26	0.01	-0.18	-0.11	0.02	-0.38		0.78	AJG
AON	-0.22	0.41	-0.17	-0.15	-0.36	0.18	-0.59	0.78		AON
	RZB	MHLA	AFGE	AIZN	UNMA	EHTH	ABL	AJG	AON

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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

UNMA	+ 0.85	RZB
AIZN	+ 0.85	AFGE
AON	+ 0.78	AJG
AIZN	+ 0.67	MHLA
ABL	+ 0.66	AFGE
ABL	+ 0.66	AIZN

High negative correlations

ABL	- 0.75	EHTH
EHTH	- 0.73	AFGE
EHTH	- 0.68	AIZN
EHTH	- 0.64	MHLA
AON	- 0.59	ABL
EHTH	- 0.42	RZB

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
RZB	0.25	(0.04)	0.00	(0.21)	0.00	0.00	0.37	(0.68)	2.34
MHLA	1.20	(0.19)	0.00	(1.71)	0.00	0.00	2.42	(2.71)	7.22
AFGE	0.65	(0.10)	0.00	(0.63)	0.00	0.00	1.29	(1.51)	4.03
AIZN	0.67	(0.12)	0.00	(0.50)	0.00	0.00	1.47	(1.50)	4.31
UNMA	0.36	(0.07)	0.00	(1.24)	0.00	0.00	0.57	(0.88)	3.30
EHTH	3.21	1.25	0.38	(2.03)	2.11	(3.78)	8.74	(4.81)	45.83
ABL	2.10	(0.47)	0.00	(1.92)	0.00	0.00	3.62	(5.10)	19.77
AJG	0.93	0.01	0.00	0.04	1.18	(0.95)	2.15	(1.64)	5.44
AON	0.77	0.03	0.02	0.09	0.91	(0.83)	1.43	(1.76)	7.95

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