ABTS vs QRHC: Correlation
How closely do Abits Group Inc (ABTS) and Quest Resource Holding Corporation (QRHC) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and QRHC?
On 3 years of weekly data the ABTS/QRHC correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.10 versus -0.31 over 3 years. The 5-year figure is -0.23, and annualized covariance runs at -11669.4 %².
Within ABTS's tracked universe of 48 assets, QRHC comes in at #43 by 3-year correlation. The last year tells two different stories: QRHC led by 47.2 percentage points, -64.4% for ABTS against -17.2% for QRHC. Risk is not evenly split, since ABTS carries 12.7 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 QRHC: side by side
| ABTS (Abits Group Inc) | QRHC (Quest Resource Holding Corporation) | |
|---|---|---|
| 1-year return | -64.4% | -17.2% |
| 5-year return | -81.7% | -78.2% |
| Volatility (ann.) | 689.2% | 54.2% |
| Beta vs S&P 500 | -4.02 | 1.21 |
| Max drawdown (3Y) | -92.1% | -91.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | QRHC |
|---|---|---|
| 2022 | -84.2% | -12.0% |
| 2023 | +152.8% | +20.0% |
| 2024 | -39.6% | -11.3% |
| 2025 | +647.5% | -71.4% |
| 2026 | -73.8% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and QRHC good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABTS and QRHC?
As of 2026-08-27, the correlation of weekly returns between ABTS and QRHC is -0.31 over 3 years, 0.10 over 1 year and -0.23 over 5 years.
Is QRHC a good diversifier for ABTS?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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-qrhc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abts-vs-qrhc/)
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Related comparisons
Hubs: ABTS correlations · QRHC correlations
