ABTS vs TER: Correlation
How closely do Abits Group Inc (ABTS) and Teradyne (TER) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and TER?
Across a 3-year window, the weekly returns of ABTS and TER correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. Stretching to 5 years gives -0.18, with an annualized covariance of -8681.8 %².
Within ABTS's tracked universe of 48 assets, TER comes in at #34 by 3-year correlation. The last year tells two different stories: TER led by 283.2 percentage points, -64.4% for ABTS against +218.8% for TER. Risk is not evenly split, since ABTS carries 13.1 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 TER: side by side
| ABTS (Abits Group Inc) | TER (Teradyne) | |
|---|---|---|
| 1-year return | -64.4% | +218.8% |
| 5-year return | -81.7% | +207.9% |
| Volatility (ann.) | 689.2% | 52.5% |
| Beta vs S&P 500 | -4.02 | 1.70 |
| Max drawdown (3Y) | -92.1% | -58.2% |
| Market cap | – | $58.2B |
| P/E (trailing) | – | 50.0 |
| Dividend yield | 0.00% | 0.14% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ABTS | TER |
|---|---|---|
| 2022 | -84.2% | -46.3% |
| 2023 | +152.8% | +24.8% |
| 2024 | -39.6% | +16.5% |
| 2025 | +647.5% | +54.4% |
| 2026 | -73.8% | +92.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and TER good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABTS and TER?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.18 over the last year and -0.18 over 5 years.
Is TER a good diversifier for ABTS?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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 · TER correlations
