ABX vs BJDX: Correlation
Measured on weekly returns over the past three years, Abacus Global Management, Inc. (ABX) and Bluejay Diagnostics, Inc. (BJDX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABX and BJDX?
Across a 3-year window, the weekly returns of ABX and BJDX correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Stretching to 5 years gives -0.20, with an annualized covariance of -1838.5 %².
BJDX is close to the least connected end of ABX's tracked universe, ranking #9 of 10. Correlation aside, the last 12 months split them widely, with ABX ahead by 130.0 points (+46.6% versus -83.4%). One caveat on sizing: BJDX is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 BJDX: side by side
| ABX (Abacus Global Management, Inc.) | BJDX (Bluejay Diagnostics, Inc.) | |
|---|---|---|
| 1-year return | +46.6% | -83.4% |
| 5-year return | +3.8% | -100.0% |
| Volatility (ann.) | 54.5% | 151.7% |
| Beta vs S&P 500 | 0.66 | -0.30 |
| Max drawdown (3Y) | -62.8% | -100.0% |
| Market cap | $1.0B | – |
| P/E (trailing) | 36.4 | – |
| Dividend yield | 2.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABX | BJDX |
|---|---|---|
| 2022 | +2.9% | -85.2% |
| 2023 | -4.9% | -83.9% |
| 2024 | -18.9% | -99.0% |
| 2025 | +12.6% | -86.3% |
| 2026 | +15.0% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABX and BJDX good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABX and BJDX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.31 over the last year and -0.20 over 5 years.
Is BJDX a good diversifier for ABX?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abx-vs-bjdx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abx-vs-bjdx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABX correlations · BJDX correlations
