ABCL vs HZO: Correlation
How closely do AbCellera Biologics Inc. (ABCL) and MarineMax, Inc. (FL) (HZO) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCL and HZO?
On 3 years of weekly data the ABCL/HZO correlation comes out at 0.54, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.54). The 5-year figure is 0.45, and annualized covariance runs at 2470.9 %².
Few assets follow ABCL as closely as HZO, which ranks #1 of 17 tracked partners. The last year tells two different stories: ABCL led by 98.3 percentage points, +185.1% for ABCL against +86.8% for HZO.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABCL vs HZO: side by side
| ABCL (AbCellera Biologics Inc.) | HZO (MarineMax, Inc. (FL)) | |
|---|---|---|
| 1-year return | +185.1% | +86.8% |
| 5-year return | -28.5% | +5.1% |
| Volatility (ann.) | 80.2% | 57.2% |
| Beta vs S&P 500 | 1.75 | 1.70 |
| Max drawdown (3Y) | -67.7% | -55.0% |
| Market cap | $4.0B | $1.2B |
| P/E (trailing) | – | 326.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCL | HZO |
|---|---|---|
| 2022 | -29.2% | -47.1% |
| 2023 | -43.6% | +24.6% |
| 2024 | -48.7% | -25.6% |
| 2025 | +16.7% | -16.3% |
| 2026 | +262.6% | +115.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCL and HZO good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ABCL and HZO?
The ABCL/HZO correlation stands at 0.54 on a 3-year window (1 year: 0.67, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is HZO a good diversifier for ABCL?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abcl-vs-hzo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abcl-vs-hzo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCL correlations · HZO correlations
