Abits Group Inc Ordinary Shares (ABTS) — Stock Correlations & Overview
Over the past year, ABTS has moved most closely with RMNI, GFAI, GNTA. Explore the stocks most correlated and inversely correlated with ABTS below, along with its price, financials, and company profile.
Stocks correlated with ABTS
Correlation of daily returns. Higher positive values move with ABTS; negative values move opposite it. Informational only, not investment advice.
Most correlated with ABTS
| Symbol | Company | Correlation |
|---|---|---|
| RMNI | Rimini Street, Inc. (DE) Common StockSERVICES-BUSINESS SERVICES, NEC | 0.33 |
| GFAI | Guardforce AI Co., Limited Ordinary Shares | 0.33 |
| GNTA | Genenta Science S.p.A. American Depositary Shares | 0.32 |
| RNG | RINGCENTRAL, INC.SERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.31 |
| ANY | Sphere 3D Corp. Common SharesFINANCE SERVICES | 0.30 |
Most inversely correlated with ABTS
| Symbol | Company | Correlation |
|---|---|---|
| OCS | Oculis Holding AG Ordinary shares | -0.35 |
| STIP | iShares 0-5 Year TIPS Bond ETF | -0.26 |
| SUNE | SUNation Energy, Inc. Common StockCONSTRUCTION - SPECIAL TRADE CONTRACTORS | -0.23 |
| STPZ | PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund | -0.23 |
| TDTT | Northern Trust iBoxx 3-Year Target Duration TIPS ETF | -0.23 |
Frequently asked questions about ABTS correlations
- Which stocks are most correlated with ABTS?
- Based on one year of daily returns, the stocks most correlated with Abits Group Inc Ordinary Shares (ABTS) are RMNI (0.33), GFAI (0.33) and GNTA (0.32). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ABTS?
- Over the past year, the stocks most inversely correlated with Abits Group Inc Ordinary Shares (ABTS) are OCS (-0.35), STIP (-0.26) and SUNE (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ABTS correlations calculated?
- We compute the correlation of daily returns between ABTS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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