ABAT vs RR: Correlation
Measured on weekly returns over the past three years, American Battery Technology Company (ABAT) and Richtech Robotics Inc. (RR) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and RR?
On 3 years of weekly data the ABAT/RR correlation comes out at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 12016.1 %².
By 3-year correlation, RR places #17 of the 29 assets tracked against ABAT. Correlation aside, the last 12 months split them widely, with ABAT ahead by 43.2 points (+2.1% versus -41.1%).
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 RR: side by side
| ABAT (American Battery Technology Company) | RR (Richtech Robotics Inc.) | |
|---|---|---|
| 1-year return | +2.1% | -41.1% |
| 5-year return | -88.8% | n/a |
| Volatility (ann.) | 153.9% | 155.1% |
| Beta vs S&P 500 | 2.08 | 2.22 |
| Max drawdown (3Y) | -93.2% | -96.7% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | – | 27.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | RR |
|---|---|---|
| 2022 | -62.0% | – |
| 2023 | -23.2% | – |
| 2024 | -47.5% | -54.6% |
| 2025 | +35.8% | +19.6% |
| 2026 | -19.9% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and RR good diversifiers for each other?
Reasonably. At 0.49, ABAT and RR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABAT and RR?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.55 over the last year and n/a over 5 years.
Is RR a good diversifier for ABAT?
Reasonably. At 0.49, ABAT and RR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-rr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abat-vs-rr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABAT correlations · RR correlations
