ABAT vs AMPG: Correlation
How closely do American Battery Technology Company (ABAT) and Amplitech Group, Inc. (AMPG) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and AMPG?
On 3 years of weekly data the ABAT/AMPG correlation comes out at 0.56, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.56). The 5-year figure is 0.51, and annualized covariance runs at 15360.2 %².
Within ABAT's tracked universe of 29 assets, AMPG comes in at #12 by 3-year correlation. The last year tells two different stories: AMPG led by 20.1 percentage points, +2.1% for ABAT against +22.2% for AMPG.
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.
ABAT vs AMPG: side by side
| ABAT (American Battery Technology Company) | AMPG (Amplitech Group, Inc.) | |
|---|---|---|
| 1-year return | +2.1% | +22.2% |
| 5-year return | -88.8% | -0.5% |
| Volatility (ann.) | 153.9% | 178.6% |
| Beta vs S&P 500 | 2.08 | 1.10 |
| Max drawdown (3Y) | -93.2% | -78.6% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | AMPG |
|---|---|---|
| 2022 | -62.0% | -46.2% |
| 2023 | -23.2% | -11.3% |
| 2024 | -47.5% | +173.4% |
| 2025 | +35.8% | -41.8% |
| 2026 | -19.9% | +25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and AMPG good diversifiers for each other?
Only partially. A correlation of 0.56 means ABAT and AMPG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ABAT and AMPG?
The ABAT/AMPG correlation stands at 0.56 on a 3-year window (1 year: 0.18, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is AMPG a good diversifier for ABAT?
Only partially. A correlation of 0.56 means ABAT and AMPG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/abat-vs-ampg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abat-vs-ampg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABAT correlations · AMPG correlations
