ABTS vs LYV: Correlation
Measured on weekly returns over the past three years, Abits Group Inc (ABTS) and Live Nation Entertainment (LYV) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and LYV?
On 3 years of weekly data the ABTS/LYV correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.15 over 3. The 5-year figure is -0.07, and annualized covariance runs at -2939.7 %².
Within ABTS's tracked universe of 48 assets, LYV comes in at #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LYV ahead by 73.5 points (-64.4% versus +9.1%). Risk is not evenly split, since ABTS carries 24.5 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 LYV: side by side
| ABTS (Abits Group Inc) | LYV (Live Nation Entertainment) | |
|---|---|---|
| 1-year return | -64.4% | +9.1% |
| 5-year return | -81.7% | +108.7% |
| Volatility (ann.) | 689.2% | 28.1% |
| Beta vs S&P 500 | -4.02 | 1.02 |
| Max drawdown (3Y) | -92.1% | -27.8% |
| Market cap | – | $42.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ABTS | LYV |
|---|---|---|
| 2022 | -84.2% | -41.7% |
| 2023 | +152.8% | +34.2% |
| 2024 | -39.6% | +38.4% |
| 2025 | +647.5% | +10.0% |
| 2026 | -73.8% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and LYV good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABTS and LYV?
The ABTS/LYV correlation stands at -0.15 on a 3-year window (1 year: -0.21, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is LYV a good diversifier for ABTS?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: ABTS correlations · LYV correlations
