ABTS vs SSP: Correlation
How closely do Abits Group Inc (ABTS) and E.W. Scripps Company (The) (SSP) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and SSP?
Over the past 3 years, ABTS and SSP moved with a correlation of 0.42, which is moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.42). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 31141.6 %².
By 3-year correlation, SSP places #6 of the 48 assets tracked against ABTS. The last year tells two different stories: SSP led by 101.7 percentage points, -64.4% for ABTS against +37.3% for SSP. One caveat on sizing: ABTS is 6.4 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 SSP: side by side
| ABTS (Abits Group Inc) | SSP (E.W. Scripps Company (The)) | |
|---|---|---|
| 1-year return | -64.4% | +37.3% |
| 5-year return | -81.7% | -77.0% |
| Volatility (ann.) | 689.2% | 107.0% |
| Beta vs S&P 500 | -4.02 | 0.27 |
| Max drawdown (3Y) | -92.1% | -84.5% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | SSP |
|---|---|---|
| 2022 | -84.2% | -31.8% |
| 2023 | +152.8% | -39.4% |
| 2024 | -39.6% | -72.3% |
| 2025 | +647.5% | +140.1% |
| 2026 | -73.8% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and SSP good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABTS and SSP?
The ABTS/SSP correlation stands at 0.42 on a 3-year window (1 year: 0.11, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is SSP a good diversifier for ABTS?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abts-vs-ssp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abts-vs-ssp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABTS correlations · SSP correlations
