ABTS vs PCAR: Correlation
Abits Group Inc (ABTS) and Paccar (PCAR) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and PCAR?
On 3 years of weekly data the ABTS/PCAR correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.23 over 3 years. The 5-year figure is -0.16, and annualized covariance runs at -3811.8 %².
By 3-year correlation, PCAR places #31 of the 48 assets tracked against ABTS. The last year tells two different stories: PCAR led by 92.2 percentage points, -64.4% for ABTS against +27.8% for PCAR. Note the risk asymmetry: ABTS runs 28.6 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 PCAR: side by side
| ABTS (Abits Group Inc) | PCAR (Paccar) | |
|---|---|---|
| 1-year return | -64.4% | +27.8% |
| 5-year return | -81.7% | +177.9% |
| Volatility (ann.) | 689.2% | 24.1% |
| Beta vs S&P 500 | -4.02 | 0.74 |
| Max drawdown (3Y) | -92.1% | -27.7% |
| Market cap | – | $66.6B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | 0.00% | 1.04% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ABTS | PCAR |
|---|---|---|
| 2022 | -84.2% | +17.0% |
| 2023 | +152.8% | +55.0% |
| 2024 | -39.6% | +10.8% |
| 2025 | +647.5% | +8.0% |
| 2026 | -73.8% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and PCAR 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 PCAR?
As of 2026-08-27, the correlation of weekly returns between ABTS and PCAR is -0.23 over 3 years, 0.05 over 1 year and -0.16 over 5 years.
Is PCAR 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-pcar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abts-vs-pcar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABTS correlations · PCAR correlations
