ABTS vs AVO: Correlation
Measured on weekly returns over the past three years, Abits Group Inc (ABTS) and Mission Produce, Inc. (AVO) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and AVO?
Across a 3-year window, the weekly returns of ABTS and AVO correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Stretching to 5 years gives -0.18, with an annualized covariance of -6497.7 %².
Within ABTS's tracked universe of 48 assets, AVO comes in at #36 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AVO outperformed by 64.7 percentage points (-64.4% for ABTS against +0.3% for AVO). Risk is not evenly split, since ABTS carries 18.6 times the volatility of the other side.
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.
ABTS vs AVO: side by side
| ABTS (Abits Group Inc) | AVO (Mission Produce, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | +0.3% |
| 5-year return | -81.7% | -38.9% |
| Volatility (ann.) | 689.2% | 37.0% |
| Beta vs S&P 500 | -4.02 | 0.40 |
| Max drawdown (3Y) | -92.1% | -34.1% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 40.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | AVO |
|---|---|---|
| 2022 | -84.2% | -26.0% |
| 2023 | +152.8% | -13.2% |
| 2024 | -39.6% | +42.4% |
| 2025 | +647.5% | -19.3% |
| 2026 | -73.8% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and AVO good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABTS and AVO?
As of 2026-08-27, the correlation of weekly returns between ABTS and AVO is -0.25 over 3 years, -0.21 over 1 year and -0.18 over 5 years.
Is AVO a good diversifier for ABTS?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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.
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Related comparisons
Hubs: ABTS correlations · AVO correlations
