Abacus Life Stock Market Value
| ABL Stock | 11.98 0.10 0.83% |
| Symbol | Abacus |
Is Abacus Life's industry 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.
Quarterly Earnings Growth (0.93) | Earnings Share 0.16 | Revenue Per Share 1.166 | Quarterly Revenue Growth 0.587 | Return On Assets 0.0803 |
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.
| 04/08/2024 |
| 05/08/2024 |
If you would invest 0.00 in Abacus Life on April 8, 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 30 days. Abacus Life is related to or competes with FG Annuities, Globe Life, Vericity, MetLife Preferred, MetLife Preferred, MetLife Preferred, and American Equity. 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 | (0.04) | |||
| Maximum Drawdown | 13.92 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 4.46 |
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 | 0.0024 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.1617 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Abacus Life's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Abacus Life Backtested Returns
Abacus Life secures Sharpe Ratio (or Efficiency) of -0.0076, which signifies that the company had a -0.0076% return per unit of standard deviation over the last 3 months. Abacus Life exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Abacus Life's mean deviation of 1.57, and Risk Adjusted Performance of 0.0024 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.18, 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. Abacus Life has an expected return of -0.0189%. Please make sure to confirm Abacus Life value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if Abacus Life performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Abacus Life has weak reverse predictability. Overlapping area represents the amount of predictability between Abacus Life time series from 8th of April 2024 to 23rd of April 2024 and 23rd of April 2024 to 8th of May 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 -0.23 indicates that over 23.0% of current Abacus Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Abacus Life in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Abacus Life's short interest history, or implied volatility extrapolated from Abacus Life options trading.
Pair Trading with Abacus Life
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Abacus Life position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Abacus Life will appreciate offsetting losses from the drop in the long position's value.Moving against Abacus Stock
| 0.46 | MET-PA | MetLife Preferred Stock | PairCorr |
The ability to find closely correlated positions to Abacus Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abacus Life when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Abacus Life - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Abacus Life to buy it.
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 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Abacus Life can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Abacus Life Correlation, Abacus Life Volatility and Abacus Life Alpha and Beta module to complement your research on Abacus Life. For more information on how to buy Abacus Stock please use our How to buy in Abacus Stock guide.Note that the Abacus Life information on this page should be used as a complementary analysis to other Abacus Life's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary 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.
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Abacus Life technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.