ABAT vs WIMI: Correlation
Measured on weekly returns over the past three years, American Battery Technology Company (ABAT) and WiMi Hologram Cloud Inc. - Class B (WIMI) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and WIMI?
Over the past 3 years, ABAT and WIMI moved with a correlation of 0.52, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.52 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 9705.6 %².
Among the 29 assets we track against ABAT, WIMI ranks #14 by 3-year correlation. The last year tells two different stories: ABAT led by 67.0 percentage points, +2.1% for ABAT against -64.9% for WIMI.
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 WIMI: side by side
| ABAT (American Battery Technology Company) | WIMI (WiMi Hologram Cloud Inc. - Class B) | |
|---|---|---|
| 1-year return | +2.1% | -64.9% |
| 5-year return | -88.8% | -96.7% |
| Volatility (ann.) | 153.9% | 121.5% |
| Beta vs S&P 500 | 2.08 | 1.79 |
| Max drawdown (3Y) | -93.2% | -95.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | 0.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | WIMI |
|---|---|---|
| 2022 | -62.0% | -75.7% |
| 2023 | -23.2% | +9.5% |
| 2024 | -47.5% | +128.4% |
| 2025 | +35.8% | -87.2% |
| 2026 | -19.9% | -42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and WIMI good diversifiers for each other?
To a limited degree. At 0.52 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 WIMI?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.41 over the last year and 0.47 over 5 years.
Is WIMI a good diversifier for ABAT?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abat-vs-wimi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abat-vs-wimi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABAT correlations · WIMI correlations
