ABX vs BDL: Correlation
Measured on weekly returns over the past three years, Abacus Global Management, Inc. (ABX) and Flanigan's Enterprises, Inc. (BDL) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABX and BDL?
Over the past 3 years, ABX and BDL moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.21). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -455.2 %².
Among the 10 assets we track against ABX, BDL sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months BDL outperformed by 17.3 percentage points (+46.6% for ABX against +63.9% for BDL).
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.
ABX vs BDL: side by side
| ABX (Abacus Global Management, Inc.) | BDL (Flanigan's Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +46.6% | +63.9% |
| 5-year return | +3.8% | +118.2% |
| Volatility (ann.) | 54.5% | 39.5% |
| Beta vs S&P 500 | 0.66 | 0.37 |
| Max drawdown (3Y) | -62.8% | -30.5% |
| Market cap | $1.0B | – |
| P/E (trailing) | 36.4 | 13.4 |
| Dividend yield | 2.04% | 1.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABX | BDL |
|---|---|---|
| 2022 | +2.9% | -13.7% |
| 2023 | -4.9% | +0.8% |
| 2024 | -18.9% | +0.0% |
| 2025 | +12.6% | +19.2% |
| 2026 | +15.0% | +64.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABX and BDL good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABX and BDL?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.01 over the last year and -0.15 over 5 years.
Is BDL a good diversifier for ABX?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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.
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Related comparisons
Hubs: ABX correlations · BDL correlations
