ABTS vs WSM: Correlation
How closely do Abits Group Inc (ABTS) and Williams-Sonoma, Inc. (WSM) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and WSM?
Over the past 3 years, ABTS and WSM moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.04 versus -0.15 over 3 years. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -4581.4 %².
Within ABTS's tracked universe of 48 assets, WSM comes in at #17 by 3-year correlation. The last year tells two different stories: WSM led by 90.2 percentage points, -64.4% for ABTS against +25.8% for WSM. Risk is not evenly split, since ABTS carries 16.0 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 WSM: side by side
| ABTS (Abits Group Inc) | WSM (Williams-Sonoma, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | +25.8% |
| 5-year return | -81.7% | +182.0% |
| Volatility (ann.) | 689.2% | 43.0% |
| Beta vs S&P 500 | -4.02 | 1.33 |
| Max drawdown (3Y) | -92.1% | -36.8% |
| Market cap | – | $28.1B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 0.00% | 0.56% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ABTS | WSM |
|---|---|---|
| 2022 | -84.2% | -30.5% |
| 2023 | +152.8% | +80.2% |
| 2024 | -39.6% | +86.6% |
| 2025 | +647.5% | -2.1% |
| 2026 | -73.8% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and WSM good diversifiers for each other?
Yes. With a correlation of -0.15, ABTS and WSM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABTS and WSM?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with 0.04 over the last year and -0.10 over 5 years.
Is WSM a good diversifier for ABTS?
Yes. With a correlation of -0.15, ABTS and WSM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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-wsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abts-vs-wsm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABTS correlations · WSM correlations
