ABAT vs DRCT: Correlation
Measured on weekly returns over the past three years, American Battery Technology Company (ABAT) and Direct Digital Holdings, Inc. (DRCT) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and DRCT?
Over the past 3 years, ABAT and DRCT moved with a correlation of 0.62, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.62 over 3 years. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 25335.8 %².
Within ABAT's tracked universe of 29 assets, DRCT comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ABAT ahead by 99.7 points (+2.1% versus -97.6%). One caveat on sizing: DRCT is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 DRCT: side by side
| ABAT (American Battery Technology Company) | DRCT (Direct Digital Holdings, Inc.) | |
|---|---|---|
| 1-year return | +2.1% | -97.6% |
| 5-year return | -88.8% | -99.7% |
| Volatility (ann.) | 153.9% | 263.7% |
| Beta vs S&P 500 | 2.08 | 1.38 |
| Max drawdown (3Y) | -93.2% | -100.0% |
| 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 | DRCT |
|---|---|---|
| 2022 | -62.0% | – |
| 2023 | -23.2% | +513.6% |
| 2024 | -47.5% | -89.3% |
| 2025 | +35.8% | -96.0% |
| 2026 | -19.9% | -83.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and DRCT good diversifiers for each other?
To a limited degree. At 0.62 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 DRCT?
As of 2026-08-27, the correlation of weekly returns between ABAT and DRCT is 0.62 over 3 years, 0.03 over 1 year and 0.58 over 5 years.
Is DRCT a good diversifier for ABAT?
To a limited degree. At 0.62 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 0.62 mean?
On the −1 to +1 scale, 0.62 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-drct.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abat-vs-drct/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABAT correlations · DRCT correlations
