ABAT vs BAOS: Correlation
Measured on weekly returns over the past three years, American Battery Technology Company (ABAT) and Baosheng Media Group Holdings Limited (BAOS) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and BAOS?
On 3 years of weekly data the ABAT/BAOS correlation comes out at 0.54, moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.54). The 5-year figure is 0.28, and annualized covariance runs at 9475.0 %².
By 3-year correlation, BAOS places #13 of the 29 assets tracked against ABAT. The last year tells two different stories: ABAT led by 86.6 percentage points, +2.1% for ABAT against -84.5% for BAOS.
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 BAOS: side by side
| ABAT (American Battery Technology Company) | BAOS (Baosheng Media Group Holdings Limited) | |
|---|---|---|
| 1-year return | +2.1% | -84.5% |
| 5-year return | -88.8% | -96.8% |
| Volatility (ann.) | 153.9% | 113.6% |
| Beta vs S&P 500 | 2.08 | 2.15 |
| Max drawdown (3Y) | -93.2% | -94.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | BAOS |
|---|---|---|
| 2022 | -62.0% | -3.9% |
| 2023 | -23.2% | -30.0% |
| 2024 | -47.5% | -29.1% |
| 2025 | +35.8% | +6.6% |
| 2026 | -19.9% | -84.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and BAOS good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ABAT and BAOS?
As of 2026-08-27, the correlation of weekly returns between ABAT and BAOS is 0.54 over 3 years, 0.32 over 1 year and 0.28 over 5 years.
Is BAOS a good diversifier for ABAT?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abat-vs-baos.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abat-vs-baos/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABAT correlations · BAOS correlations
