ABEO vs RILY: Correlation
How closely do Abeona Therapeutics Inc. (ABEO) and BRC Group Holdings, Inc. (RILY) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABEO and RILY?
On 3 years of weekly data the ABEO/RILY correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.24). The 5-year figure is -0.12, and annualized covariance runs at -2021.0 %².
RILY is close to the least connected end of ABEO's tracked universe, ranking #9 of 10. Correlation aside, the last 12 months split them widely, with RILY ahead by 39.2 points (-12.5% versus +26.7%). Note the risk asymmetry: RILY runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ABEO vs RILY: side by side
| ABEO (Abeona Therapeutics Inc.) | RILY (BRC Group Holdings, Inc.) | |
|---|---|---|
| 1-year return | -12.5% | +26.7% |
| 5-year return | -81.1% | -85.6% |
| Volatility (ann.) | 70.8% | 119.9% |
| Beta vs S&P 500 | 1.33 | 0.85 |
| Max drawdown (3Y) | -63.5% | -94.1% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | 0.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABEO | RILY |
|---|---|---|
| 2022 | -63.8% | -58.4% |
| 2023 | +62.7% | -30.8% |
| 2024 | +11.2% | -77.3% |
| 2025 | -5.4% | +1.7% |
| 2026 | +14.6% | +52.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABEO and RILY good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABEO and RILY?
As of 2026-08-27, the correlation of weekly returns between ABEO and RILY is -0.24 over 3 years, -0.13 over 1 year and -0.12 over 5 years.
Is RILY a good diversifier for ABEO?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/abeo-vs-rily.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abeo-vs-rily/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABEO correlations · RILY correlations
