ABTS vs JBHT: Correlation
Measured on weekly returns over the past three years, Abits Group Inc (ABTS) and J.B. Hunt (JBHT) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and JBHT?
On 3 years of weekly data the ABTS/JBHT correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.10 over 1 year against -0.17 over 3. The 5-year figure is -0.13, and annualized covariance runs at -3534.4 %².
By 3-year correlation, JBHT places #18 of the 48 assets tracked against ABTS. Correlation aside, the last 12 months split them widely, with JBHT ahead by 146.5 points (-64.4% versus +82.1%). Risk is not evenly split, since ABTS carries 23.0 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 JBHT: side by side
| ABTS (Abits Group Inc) | JBHT (J.B. Hunt) | |
|---|---|---|
| 1-year return | -64.4% | +82.1% |
| 5-year return | -81.7% | +51.0% |
| Volatility (ann.) | 689.2% | 30.0% |
| Beta vs S&P 500 | -4.02 | 0.93 |
| Max drawdown (3Y) | -92.1% | -42.4% |
| Market cap | – | $24.7B |
| P/E (trailing) | – | 37.5 |
| Dividend yield | 0.00% | 0.68% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ABTS | JBHT |
|---|---|---|
| 2022 | -84.2% | -13.9% |
| 2023 | +152.8% | +15.6% |
| 2024 | -39.6% | -13.8% |
| 2025 | +647.5% | +15.2% |
| 2026 | -73.8% | +36.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and JBHT good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABTS and JBHT?
The ABTS/JBHT correlation stands at -0.17 on a 3-year window (1 year: -0.10, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is JBHT a good diversifier for ABTS?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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-jbht.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abts-vs-jbht/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABTS correlations · JBHT correlations
