AbcamPLC Correlations
| ABCMDelisted Stock | USD 23.99 0.00 0.00% |
The correlation of AbcamPLC 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 AbcamPLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AbcamPLC 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.
Good diversification
The correlation between AbcamPLC and NYA is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AbcamPLC and NYA in the same portfolio, assuming nothing else is changed.
AbcamPLC |
The ability to find closely correlated positions to AbcamPLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AbcamPLC 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 AbcamPLC - 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 AbcamPLC to buy it.
Moving together with AbcamPLC Stock
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| 0.83 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.63 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.81 | MMM | 3M Company Earnings Call This Week | PairCorr |
| 0.83 | XOM | Exxon Mobil Corp Earnings Call Tomorrow | PairCorr |
| 0.61 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.69 | CAT | Caterpillar Earnings Call Today | PairCorr |
Moving against AbcamPLC Stock
| 0.86 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.85 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.82 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.81 | INTC | Intel Earnings Call Today | PairCorr |
| 0.64 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 AbcamPLC Stock performing well and AbcamPLC 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 AbcamPLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANEB | 2.62 | 0.28 | 0.04 | (0.51) | 3.50 | 6.20 | 20.75 | |||
| ADAG | 4.60 | 0.20 | 0.02 | (0.65) | 5.13 | 10.16 | 32.26 | |||
| ACRV | 6.42 | 1.58 | 0.26 | 1.28 | 4.91 | 17.65 | 73.69 | |||
| ANAB | 2.63 | (0.40) | 0.00 | (0.13) | 0.00 | 5.89 | 22.98 | |||
| MLYS | 2.93 | 0.26 | 0.12 | 0.19 | 3.12 | 6.29 | 26.82 | |||
| AVTE | 4.29 | 0.11 | 0.05 | 0.13 | 4.93 | 11.11 | 28.53 | |||
| RZLT | 4.97 | 1.71 | 0.27 | 1.83 | 5.25 | 12.17 | 21.05 | |||
| ANTX | 4.72 | (2.21) | 0.00 | (1.19) | 0.00 | 3.78 | 77.96 | |||
| OPT | 3.02 | 0.35 | 0.08 | 5.97 | 3.03 | 8.00 | 19.28 |
AbcamPLC 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 AbcamPLC stock to make a market-neutral strategy. Peer analysis of AbcamPLC could also be used in its relative valuation, which is a method of valuing AbcamPLC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AbcamPLC Corporate Management
Elected by the shareholders, the AbcamPLC's board of directors comprises two types of representatives: AbcamPLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AbcamPLC. The board's role is to monitor AbcamPLC's management team and ensure that shareholders' interests are well served. AbcamPLC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AbcamPLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mark Dermody | Interim CIO | Profile | |
| Kirstie BBusSc | Head Insights | Profile | |
| Michael BA | CFO Director | Profile | |
| Mark Bushfield | VP Innovation | Profile | |
| Emma Sceats | Service Sales | Profile | |
| James Staveley | VP Relations | Profile | |
| Marc Perkins | G Sec | Profile |
Still Interested in AbcamPLC?
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.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the AbcamPLC information on this page should be used as a complementary analysis to other AbcamPLC'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in AbcamPLC Stock
If you are still planning to invest in AbcamPLC check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the AbcamPLC's history and understand the potential risks before investing.
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