ABTS vs SNOA: Correlation
Abits Group Inc (ABTS) and Sonoma Pharmaceuticals, Inc. (SNOA) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and SNOA?
Over the past 3 years, ABTS and SNOA moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 33135.8 %².
Within ABTS's tracked universe of 48 assets, SNOA comes in at #7 by 3-year correlation. Over the last 12 months ABTS came out ahead by 6.5 percentage points (-64.4% against -70.9%). One caveat on sizing: ABTS is 5.4 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 SNOA: side by side
| ABTS (Abits Group Inc) | SNOA (Sonoma Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | -70.9% |
| 5-year return | -81.7% | -98.9% |
| Volatility (ann.) | 689.2% | 127.6% |
| Beta vs S&P 500 | -4.02 | 2.43 |
| Max drawdown (3Y) | -92.1% | -95.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | SNOA |
|---|---|---|
| 2022 | -84.2% | -75.4% |
| 2023 | +152.8% | -83.9% |
| 2024 | -39.6% | -25.3% |
| 2025 | +647.5% | +35.3% |
| 2026 | -73.8% | -63.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and SNOA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABTS and SNOA?
The ABTS/SNOA correlation stands at 0.38 on a 3-year window (1 year: 0.25, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is SNOA a good diversifier for ABTS?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
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Related comparisons
Hubs: ABTS correlations · SNOA correlations
