ABCL vs. PI
ABCL (AbCellera Biologics Inc.) and PI (Impinj, Inc.) are both stocks. ABCL operates in Biotechnology (Healthcare), while PI operates in Communication Equipment (Technology). Over the past 5 years, ABCL returned -17.75%/yr vs 26.90%/yr for PI. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
ABCL vs. PI - Performance Comparison
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Returns By Period
In the year-to-date period, ABCL achieves a 66.96% return, which is significantly higher than PI's -13.02% return.
ABCL
- 1D
- 0.35%
- 1M
- -29.59%
- 6M
- 57.73%
- YTD
- 66.96%
- 1Y
- 34.67%
- 3Y*
- -7.74%
- 5Y*
- -17.75%
- 10Y*
- —
- ALL TIME*
- -34.32%
PI
- 1D
- 2.62%
- 1M
- 6.91%
- 6M
- 9.60%
- YTD
- -13.02%
- 1Y
- -1.02%
- 3Y*
- 32.11%
- 5Y*
- 26.90%
- 10Y*
- 22.81%
- ALL TIME*
- 23.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.22M | $36.48M | $44.45M | |
| $71.48M | $54.70M | $60.73M |
ABCL vs. PI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ABCL AbCellera Biologics Inc. | 66.96% | 16.72% | -48.69% | -43.63% | -29.16% | -64.46% | -34.03% |
PI Impinj, Inc. | -13.02% | 19.79% | 61.35% | -17.54% | 23.09% | 111.85% | 0.62% |
Correlation
The correlation between ABCL and PI is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2020 | 0.32 |
Fundamentals
ABCL:
$1.74B
PI:
$4.62B
ABCL:
-$0.48
PI:
-$0.89
ABCL:
21.64
PI:
12.30
ABCL:
1.84
PI:
20.26
ABCL:
$79.21M
PI:
$371.53M
ABCL:
$70.89M
PI:
$195.84M
ABCL:
-$166.07M
PI:
-$14.76M
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Return for Risk
ABCL vs. PI — Risk / Return Rank
ABCL
PI
ABCL vs. PI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AbCellera Biologics Inc. (ABCL) and Impinj, Inc. (PI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ABCL | PI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.06 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.03 | +0.54 |
| Martin ratioReturn relative to average drawdown | 0.91 | -0.06 | +0.97 |
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Drawdowns
ABCL vs. PI - Drawdown Comparison
The maximum ABCL drawdown since its inception was -96.84%, which is greater than PI's maximum drawdown of -81.35%. Use the drawdown chart below to compare losses from any high point for ABCL and PI.
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Drawdown Indicators
| ABCL | PI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.84% | -81.35% | -15.49% |
Max Drawdown (1Y)Largest decline over 1 year | -54.94% | -62.24% | +7.30% |
Max Drawdown (3Y)Largest decline over 3 years | -68.05% | -73.79% | +5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -90.96% | -73.79% | -17.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.35% | — |
Current DrawdownCurrent decline from peak | -90.64% | -37.43% | -53.21% |
Average DrawdownAverage peak-to-trough decline | -84.26% | -36.78% | -47.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.52% | 37.63% | -7.11% |
Volatility
ABCL vs. PI - Volatility Comparison
AbCellera Biologics Inc. (ABCL) has a higher volatility of 22.72% compared to Impinj, Inc. (PI) at 15.85%. This indicates that ABCL's price experiences larger fluctuations and is considered to be riskier than PI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABCL | PI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.72% | 15.85% | +6.87% |
Volatility (6M)Calculated over the trailing 6-month period | 58.57% | 55.86% | +2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.27% | 77.00% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.67% | 69.90% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.72% | 72.71% | -1.99% |
Dividends
ABCL vs. PI - Dividend Comparison
Neither ABCL nor PI has paid dividends to shareholders.
Financials
ABCL vs. PI - Financials Comparison
This section allows you to compare key financial metrics between AbCellera Biologics Inc. and Impinj, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
ABCL and PI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABCL has higher volatility (22.72%) compared to PI (15.85%). In terms of maximum drawdown, ABCL dropped -96.84% vs PI's -81.35%.
ABCL currently has the higher Sharpe Ratio (0.36 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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