ABTS vs MNTK: Correlation
Measured on weekly returns over the past three years, Abits Group Inc (ABTS) and Montauk Renewables, Inc. (MNTK) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and MNTK?
On 3 years of weekly data the ABTS/MNTK correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.11) than the 3-year average (-0.23). The 5-year figure is -0.18, and annualized covariance runs at -11923.5 %².
By 3-year correlation, MNTK places #30 of the 48 assets tracked against ABTS. The last year tells two different stories: MNTK led by 46.6 percentage points, -64.4% for ABTS against -17.8% for MNTK. Note the risk asymmetry: ABTS runs 9.3 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 MNTK: side by side
| ABTS (Abits Group Inc) | MNTK (Montauk Renewables, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | -17.8% |
| 5-year return | -81.7% | -78.7% |
| Volatility (ann.) | 689.2% | 74.0% |
| Beta vs S&P 500 | -4.02 | 1.62 |
| Max drawdown (3Y) | -92.1% | -89.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 36.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | MNTK |
|---|---|---|
| 2022 | -84.2% | +7.6% |
| 2023 | +152.8% | -19.2% |
| 2024 | -39.6% | -55.3% |
| 2025 | +647.5% | -58.0% |
| 2026 | -73.8% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and MNTK good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABTS and MNTK?
The ABTS/MNTK correlation stands at -0.23 on a 3-year window (1 year: 0.11, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is MNTK a good diversifier for ABTS?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-mntk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abts-vs-mntk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABTS correlations · MNTK correlations
