ABTS vs CRVO: Correlation
How closely do Abits Group Inc (ABTS) and CervoMed Inc. (CRVO) 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 ABTS and CRVO?
Across a 3-year window, the weekly returns of ABTS and CRVO correlate at 0.59, moderate. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.59). Stretching to 5 years gives 0.57, with an annualized covariance of 72889.6 %².
In ABTS's tracked universe of 48 assets, CRVO sits right near the top at #2. The trailing year gives ABTS the advantage: -64.4% versus -71.9%, a 7.5-point spread. Note the risk asymmetry: ABTS runs 3.9 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 CRVO: side by side
| ABTS (Abits Group Inc) | CRVO (CervoMed Inc.) | |
|---|---|---|
| 1-year return | -64.4% | -71.9% |
| 5-year return | -81.7% | -94.2% |
| Volatility (ann.) | 689.2% | 178.5% |
| Beta vs S&P 500 | -4.02 | 0.33 |
| Max drawdown (3Y) | -92.1% | -92.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | CRVO |
|---|---|---|
| 2022 | -84.2% | -67.4% |
| 2023 | +152.8% | +0.5% |
| 2024 | -39.6% | -69.3% |
| 2025 | +647.5% | +237.6% |
| 2026 | -73.8% | -66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and CRVO 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 ABTS and CRVO?
As of 2026-08-27, the correlation of weekly returns between ABTS and CRVO is 0.59 over 3 years, -0.01 over 1 year and 0.57 over 5 years.
Is CRVO a good diversifier for ABTS?
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?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ABTS correlations · CRVO correlations
