ABAT vs CTEV: Correlation
American Battery Technology Company (ABAT) and Claritev Corporation (CTEV) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and CTEV?
Over the past 3 years, ABAT and CTEV moved with a correlation of 0.60, which is strong. The past 12 months show a weaker link (0.15) than the 3-year average (0.60). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 14930.9 %².
By 3-year correlation, CTEV places #8 of the 29 assets tracked against ABAT. Correlation aside, the last 12 months split them widely, with ABAT ahead by 48.1 points (+2.1% versus -46.0%).
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 CTEV: side by side
| ABAT (American Battery Technology Company) | CTEV (Claritev Corporation) | |
|---|---|---|
| 1-year return | +2.1% | -46.0% |
| 5-year return | -88.8% | -83.9% |
| Volatility (ann.) | 153.9% | 161.9% |
| Beta vs S&P 500 | 2.08 | 1.96 |
| Max drawdown (3Y) | -93.2% | -93.4% |
| Market cap | $0.4B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | CTEV |
|---|---|---|
| 2022 | -62.0% | -74.0% |
| 2023 | -23.2% | +25.2% |
| 2024 | -47.5% | -74.3% |
| 2025 | +35.8% | +189.2% |
| 2026 | -19.9% | -9.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and CTEV good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABAT and CTEV?
As of 2026-08-27, the correlation of weekly returns between ABAT and CTEV is 0.60 over 3 years, 0.15 over 1 year and 0.52 over 5 years.
Is CTEV a good diversifier for ABAT?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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-ctev.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abat-vs-ctev/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABAT correlations · CTEV correlations
