ABTS vs TLYS: Correlation
How closely do Abits Group Inc (ABTS) and Tilly's, Inc. (TLYS) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and TLYS?
Over the past 3 years, ABTS and TLYS moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.17) than the 3-year average (-0.23). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -15624.1 %².
By 3-year correlation, TLYS places #32 of the 48 assets tracked against ABTS. Correlation aside, the last 12 months split them widely, with TLYS ahead by 169.7 points (-64.4% versus +105.3%). One caveat on sizing: ABTS is 7.1 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 TLYS: side by side
| ABTS (Abits Group Inc) | TLYS (Tilly's, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | +105.3% |
| 5-year return | -81.7% | -74.2% |
| Volatility (ann.) | 689.2% | 96.5% |
| Beta vs S&P 500 | -4.02 | 0.68 |
| Max drawdown (3Y) | -92.1% | -92.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | TLYS |
|---|---|---|
| 2022 | -84.2% | -43.8% |
| 2023 | +152.8% | -16.7% |
| 2024 | -39.6% | -43.6% |
| 2025 | +647.5% | -53.2% |
| 2026 | -73.8% | +93.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and TLYS 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 TLYS?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with 0.17 over the last year and -0.21 over 5 years.
Is TLYS 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?
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-tlys.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abts-vs-tlys/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABTS correlations · TLYS correlations
