ABTS vs ECOR: Correlation
How closely do Abits Group Inc (ABTS) and electroCore, Inc. (ECOR) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and ECOR?
Across a 3-year window, the weekly returns of ABTS and ECOR correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.11) than the 3-year average (-0.28). Stretching to 5 years gives -0.19, with an annualized covariance of -16391.6 %².
Among the 48 assets we track against ABTS, ECOR ranks #40 by 3-year correlation. The last year tells two different stories: ECOR led by 139.4 percentage points, -64.4% for ABTS against +75.0% for ECOR. One caveat on sizing: ABTS is 8.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ECOR: side by side
| ABTS (Abits Group Inc) | ECOR (electroCore, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | +75.0% |
| 5-year return | -81.7% | -37.8% |
| Volatility (ann.) | 689.2% | 83.7% |
| Beta vs S&P 500 | -4.02 | 1.73 |
| Max drawdown (3Y) | -92.1% | -77.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | ECOR |
|---|---|---|
| 2022 | -84.2% | -55.9% |
| 2023 | +152.8% | +54.4% |
| 2024 | -39.6% | +172.3% |
| 2025 | +647.5% | -72.3% |
| 2026 | -73.8% | +116.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and ECOR good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABTS and ECOR?
The ABTS/ECOR correlation stands at -0.28 on a 3-year window (1 year: 0.11, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is ECOR a good diversifier for ABTS?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abts-vs-ecor/)
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Related comparisons
Hubs: ABTS correlations · ECOR correlations
