ABTS vs PAG: Correlation
Measured on weekly returns over the past three years, Abits Group Inc (ABTS) and Penske Automotive Group, Inc. (PAG) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and PAG?
On 3 years of weekly data the ABTS/PAG correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.01) than the 3-year average (-0.26). The 5-year figure is -0.17, and annualized covariance runs at -4780.6 %².
Within ABTS's tracked universe of 48 assets, PAG comes in at #37 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PAG outperformed by 83.9 percentage points (-64.4% for ABTS against +19.5% for PAG). Risk is not evenly split, since ABTS carries 26.2 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 PAG: side by side
| ABTS (Abits Group Inc) | PAG (Penske Automotive Group, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | +19.5% |
| 5-year return | -81.7% | +177.2% |
| Volatility (ann.) | 689.2% | 26.3% |
| Beta vs S&P 500 | -4.02 | 0.66 |
| Max drawdown (3Y) | -92.1% | -24.0% |
| Market cap | – | $14.3B |
| P/E (trailing) | – | 15.8 |
| Dividend yield | 0.00% | 2.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | PAG |
|---|---|---|
| 2022 | -84.2% | +9.2% |
| 2023 | +152.8% | +42.3% |
| 2024 | -39.6% | -2.5% |
| 2025 | +647.5% | +7.1% |
| 2026 | -73.8% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and PAG good diversifiers for each other?
Yes. With a correlation of -0.26, ABTS and PAG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABTS and PAG?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.01 over the last year and -0.17 over 5 years.
Is PAG a good diversifier for ABTS?
Yes. With a correlation of -0.26, ABTS and PAG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/abts-vs-pag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abts-vs-pag/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABTS correlations · PAG correlations
