ABAT vs RUM: Correlation
How closely do American Battery Technology Company (ABAT) and RUM Group Inc. (RUM) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and RUM?
On 3 years of weekly data the ABAT/RUM correlation comes out at 0.59, moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.59). The 5-year figure is 0.46, and annualized covariance runs at 9137.2 %².
By 3-year correlation, RUM places #10 of the 29 assets tracked against ABAT. Their recent paths diverged sharply: over the last 12 months RUM outperformed by 22.8 percentage points (+2.1% for ABAT against +24.9% for RUM). Note the risk asymmetry: ABAT runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RUM: side by side
| ABAT (American Battery Technology Company) | RUM (RUM Group Inc.) | |
|---|---|---|
| 1-year return | +2.1% | +24.9% |
| 5-year return | -88.8% | -2.7% |
| Volatility (ann.) | 153.9% | 100.2% |
| Beta vs S&P 500 | 2.08 | 2.14 |
| Max drawdown (3Y) | -93.2% | -71.3% |
| Market cap | $0.4B | $4.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | RUM |
|---|---|---|
| 2022 | -62.0% | -45.1% |
| 2023 | -23.2% | -24.5% |
| 2024 | -47.5% | +189.8% |
| 2025 | +35.8% | -51.4% |
| 2026 | -19.9% | +49.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and RUM good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABAT and RUM?
The ABAT/RUM correlation stands at 0.59 on a 3-year window (1 year: 0.31, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is RUM a good diversifier for ABAT?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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-rum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abat-vs-rum/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABAT correlations · RUM correlations
