ABAT vs CBAT: Correlation
American Battery Technology Company (ABAT) and CBAK Energy Technology Limited (CBAT) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and CBAT?
Over the past 3 years, ABAT and CBAT moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.39). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 3654.6 %².
By 3-year correlation, CBAT places #20 of the 29 assets tracked against ABAT. On 12-month performance ABAT holds a 8.2-point edge, +2.1% against -6.1%. Risk is not evenly split, since ABAT carries 2.6 times the volatility of the other side.
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 CBAT: side by side
| ABAT (American Battery Technology Company) | CBAT (CBAK Energy Technology Limited) | |
|---|---|---|
| 1-year return | +2.1% | -6.1% |
| 5-year return | -88.8% | -73.0% |
| Volatility (ann.) | 153.9% | 60.3% |
| Beta vs S&P 500 | 2.08 | 0.75 |
| Max drawdown (3Y) | -93.2% | -74.1% |
| 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 | CBAT |
|---|---|---|
| 2022 | -62.0% | -36.5% |
| 2023 | -23.2% | +6.1% |
| 2024 | -47.5% | -10.5% |
| 2025 | +35.8% | -10.6% |
| 2026 | -19.9% | +2.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and CBAT good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABAT and CBAT?
As of 2026-08-27, the correlation of weekly returns between ABAT and CBAT is 0.39 over 3 years, 0.18 over 1 year and 0.33 over 5 years.
Is CBAT a good diversifier for ABAT?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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-cbat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abat-vs-cbat/)
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Related comparisons
Hubs: ABAT correlations · CBAT correlations
