ABAT vs LNZA: Correlation
Measured on weekly returns over the past three years, American Battery Technology Company (ABAT) and LanzaTech Global, Inc. (LNZA) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and LNZA?
Over the past 3 years, ABAT and LNZA moved with a correlation of 0.37, which is moderate. The past 12 months show a weaker link (0.01) than the 3-year average (0.37). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 8408.6 %².
Among the 29 assets we track against ABAT, LNZA ranks #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ABAT ahead by 74.2 points (+2.1% versus -72.1%).
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 LNZA: side by side
| ABAT (American Battery Technology Company) | LNZA (LanzaTech Global, Inc.) | |
|---|---|---|
| 1-year return | +2.1% | -72.1% |
| 5-year return | -88.8% | -99.4% |
| Volatility (ann.) | 153.9% | 146.7% |
| Beta vs S&P 500 | 2.08 | 1.84 |
| Max drawdown (3Y) | -93.2% | -99.4% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | 0.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | LNZA |
|---|---|---|
| 2022 | -62.0% | +3.3% |
| 2023 | -23.2% | -49.6% |
| 2024 | -47.5% | -72.8% |
| 2025 | +35.8% | -90.0% |
| 2026 | -19.9% | -54.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and LNZA good diversifiers for each other?
Reasonably. At 0.37, ABAT and LNZA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABAT and LNZA?
The ABAT/LNZA correlation stands at 0.37 on a 3-year window (1 year: 0.01, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is LNZA a good diversifier for ABAT?
Reasonably. At 0.37, ABAT and LNZA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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-lnza.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: ABAT correlations · LNZA correlations
