ABX vs TCMD: Correlation
Abacus Global Management, Inc. (ABX) and Tactile Systems Technology, Inc. (TCMD) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABX and TCMD?
Across a 3-year window, the weekly returns of ABX and TCMD correlate at 0.33, moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.33). Stretching to 5 years gives 0.23, with an annualized covariance of 1141.5 %².
Among the 10 assets we track against ABX, TCMD ranks #5 by 3-year correlation. The last year tells two different stories: TCMD led by 29.1 percentage points, +46.6% for ABX against +75.7% for TCMD.
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 TCMD: side by side
| ABX (Abacus Global Management, Inc.) | TCMD (Tactile Systems Technology, Inc.) | |
|---|---|---|
| 1-year return | +46.6% | +75.7% |
| 5-year return | +3.8% | -47.2% |
| Volatility (ann.) | 54.5% | 63.6% |
| Beta vs S&P 500 | 0.66 | 0.87 |
| Max drawdown (3Y) | -62.8% | -51.8% |
| Market cap | $1.0B | $0.5B |
| P/E (trailing) | 36.4 | 22.0 |
| Dividend yield | 2.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABX | TCMD |
|---|---|---|
| 2022 | +2.9% | -39.7% |
| 2023 | -4.9% | +24.6% |
| 2024 | -18.9% | +19.8% |
| 2025 | +12.6% | +69.3% |
| 2026 | +15.0% | -20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABX and TCMD good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABX and TCMD?
The ABX/TCMD correlation stands at 0.33 on a 3-year window (1 year: 0.49, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is TCMD a good diversifier for ABX?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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-tcmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abx-vs-tcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABX correlations · TCMD correlations
