ABTS vs NPWR: Correlation
How closely do Abits Group Inc (ABTS) and NET Power Inc. (NPWR) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and NPWR?
Over the past 3 years, ABTS and NPWR moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.33 over 3 years. Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -18588.7 %².
Among the 48 assets we track against ABTS, NPWR sits near the bottom by co-movement, at rank #45. Correlation aside, the last 12 months split them widely, with NPWR ahead by 36.3 points (-64.4% versus -28.1%). One caveat on sizing: ABTS is 8.5 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 NPWR: side by side
| ABTS (Abits Group Inc) | NPWR (NET Power Inc.) | |
|---|---|---|
| 1-year return | -64.4% | -28.1% |
| 5-year return | -81.7% | -80.6% |
| Volatility (ann.) | 689.2% | 80.8% |
| Beta vs S&P 500 | -4.02 | 1.46 |
| Max drawdown (3Y) | -92.1% | -91.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | NPWR |
|---|---|---|
| 2022 | -84.2% | +1.7% |
| 2023 | +152.8% | -0.7% |
| 2024 | -39.6% | +4.9% |
| 2025 | +647.5% | -78.5% |
| 2026 | -73.8% | -17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and NPWR good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABTS and NPWR?
As of 2026-08-27, the correlation of weekly returns between ABTS and NPWR is -0.33 over 3 years, 0.09 over 1 year and -0.31 over 5 years.
Is NPWR a good diversifier for ABTS?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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.
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Related comparisons
Hubs: ABTS correlations · NPWR correlations
