ABTS vs LMNR: Correlation
Abits Group Inc (ABTS) and Limoneira Co (LMNR) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and LMNR?
Across a 3-year window, the weekly returns of ABTS and LMNR correlate at -0.28, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.28). Stretching to 5 years gives -0.18, with an annualized covariance of -6107.6 %².
By 3-year correlation, LMNR places #42 of the 48 assets tracked against ABTS. Correlation aside, the last 12 months split them widely, with LMNR ahead by 50.2 points (-64.4% versus -14.2%). Risk is not evenly split, since ABTS carries 21.5 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 LMNR: side by side
| ABTS (Abits Group Inc) | LMNR (Limoneira Co) | |
|---|---|---|
| 1-year return | -64.4% | -14.2% |
| 5-year return | -81.7% | -8.4% |
| Volatility (ann.) | 689.2% | 32.1% |
| Beta vs S&P 500 | -4.02 | 0.61 |
| Max drawdown (3Y) | -92.1% | -58.1% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | LMNR |
|---|---|---|
| 2022 | -84.2% | -16.7% |
| 2023 | +152.8% | +72.0% |
| 2024 | -39.6% | +20.2% |
| 2025 | +647.5% | -47.3% |
| 2026 | -73.8% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and LMNR good diversifiers for each other?
Yes. With a correlation of -0.28, ABTS and LMNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABTS and LMNR?
As of 2026-08-27, the correlation of weekly returns between ABTS and LMNR is -0.28 over 3 years, -0.04 over 1 year and -0.18 over 5 years.
Is LMNR a good diversifier for ABTS?
Yes. With a correlation of -0.28, ABTS and LMNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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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Related comparisons
Hubs: ABTS correlations · LMNR correlations
