ABLV vs MSEX: Correlation
How closely do Able View Global Inc. - Class B (ABLV) and Middlesex Water Company (MSEX) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABLV and MSEX?
Over the past 3 years, ABLV and MSEX moved with a correlation of 0.42, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.42 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 1734.2 %².
Within ABLV's tracked universe of 10 assets, MSEX comes in at #5 by 3-year correlation. The trailing year gives ABLV the advantage: +21.2% versus +10.1%, a 11.1-point spread. Risk is not evenly split, since ABLV carries 4.2 times the volatility of the other side.
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.
ABLV vs MSEX: side by side
| ABLV (Able View Global Inc. - Class B) | MSEX (Middlesex Water Company) | |
|---|---|---|
| 1-year return | +21.2% | +10.1% |
| 5-year return | n/a | -41.5% |
| Volatility (ann.) | 132.4% | 31.5% |
| Beta vs S&P 500 | 0.43 | 0.04 |
| Max drawdown (3Y) | -88.1% | -40.2% |
| Market cap | $0.1B | $1.1B |
| P/E (trailing) | – | 22.6 |
| Dividend yield | 0.00% | 2.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABLV | MSEX |
|---|---|---|
| 2022 | – | -33.8% |
| 2023 | -73.5% | -15.2% |
| 2024 | -72.3% | -18.0% |
| 2025 | -9.6% | -1.7% |
| 2026 | +52.4% | +17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABLV and MSEX good diversifiers for each other?
Reasonably. At 0.42, ABLV and MSEX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABLV and MSEX?
The ABLV/MSEX correlation stands at 0.42 on a 3-year window (1 year: 0.02, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is MSEX a good diversifier for ABLV?
Reasonably. At 0.42, ABLV and MSEX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ablv-vs-msex.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ablv-vs-msex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABLV correlations · MSEX correlations
