ABTS vs TSCO: Correlation
Abits Group Inc (ABTS) and Tractor Supply (TSCO) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and TSCO?
Over the past 3 years, ABTS and TSCO moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.18). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -3565.8 %².
By 3-year correlation, TSCO places #19 of the 48 assets tracked against ABTS. The last year tells two different stories: TSCO led by 21.4 percentage points, -64.4% for ABTS against -43.0% for TSCO. Note the risk asymmetry: ABTS runs 24.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TSCO: side by side
| ABTS (Abits Group Inc) | TSCO (Tractor Supply) | |
|---|---|---|
| 1-year return | -64.4% | -43.0% |
| 5-year return | -81.7% | -1.7% |
| Volatility (ann.) | 689.2% | 28.5% |
| Beta vs S&P 500 | -4.02 | 0.67 |
| Max drawdown (3Y) | -92.1% | -52.7% |
| Market cap | – | $18.1B |
| P/E (trailing) | – | 18.3 |
| Dividend yield | 0.00% | 2.68% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ABTS | TSCO |
|---|---|---|
| 2022 | -84.2% | -4.0% |
| 2023 | +152.8% | -2.6% |
| 2024 | -39.6% | +25.4% |
| 2025 | +647.5% | -4.2% |
| 2026 | -73.8% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and TSCO good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABTS and TSCO?
As of 2026-08-27, the correlation of weekly returns between ABTS and TSCO is -0.18 over 3 years, 0.06 over 1 year and -0.13 over 5 years.
Is TSCO a good diversifier for ABTS?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abts-vs-tsco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abts-vs-tsco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABTS correlations · TSCO correlations
