ABTS vs CNTY: Correlation
Measured on weekly returns over the past three years, Abits Group Inc (ABTS) and Century Casinos, Inc. (CNTY) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and CNTY?
Across a 3-year window, the weekly returns of ABTS and CNTY correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.18) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.16, with an annualized covariance of -8590.7 %².
Among the 48 assets we track against ABTS, CNTY ranks #26 by 3-year correlation. Over the last 12 months CNTY came out ahead by 10.0 percentage points (-64.4% against -54.4%). Note the risk asymmetry: ABTS runs 12.0 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.
ABTS vs CNTY: side by side
| ABTS (Abits Group Inc) | CNTY (Century Casinos, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | -54.4% |
| 5-year return | -81.7% | -90.7% |
| Volatility (ann.) | 689.2% | 57.5% |
| Beta vs S&P 500 | -4.02 | 1.20 |
| Max drawdown (3Y) | -92.1% | -82.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | CNTY |
|---|---|---|
| 2022 | -84.2% | -42.3% |
| 2023 | +152.8% | -30.6% |
| 2024 | -39.6% | -33.6% |
| 2025 | +647.5% | -59.0% |
| 2026 | -73.8% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and CNTY good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABTS and CNTY?
The ABTS/CNTY correlation stands at -0.22 on a 3-year window (1 year: 0.18, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is CNTY a good diversifier for ABTS?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/abts-vs-cnty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abts-vs-cnty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABTS correlations · CNTY correlations
