ACFN vs LOBO: Correlation
Measured on weekly returns over the past three years, Acorn Energy, Inc. (ACFN) and LOBO TECHNOLOGIES LTD. - Class A (LOBO) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACFN and LOBO?
On 3 years of weekly data the ACFN/LOBO correlation comes out at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 3073.5 %².
In ACFN's tracked universe of 14 assets, LOBO sits right near the top at #3. The last year tells two different stories: LOBO led by 54.7 percentage points, -27.0% for ACFN against +27.7% for LOBO.
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.
ACFN vs LOBO: side by side
| ACFN (Acorn Energy, Inc.) | LOBO (LOBO TECHNOLOGIES LTD. - Class A) | |
|---|---|---|
| 1-year return | -27.0% | +27.7% |
| 5-year return | +122.5% | n/a |
| Volatility (ann.) | 81.3% | 111.5% |
| Beta vs S&P 500 | 0.68 | 0.55 |
| Max drawdown (3Y) | -58.1% | -92.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | 33.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACFN | LOBO |
|---|---|---|
| 2022 | -44.4% | – |
| 2023 | +8.8% | – |
| 2024 | +193.8% | – |
| 2025 | -15.6% | -66.0% |
| 2026 | +36.8% | +5.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACFN and LOBO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACFN and LOBO?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.27 over the last year and n/a over 5 years.
Is LOBO a good diversifier for ACFN?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/acfn-vs-lobo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acfn-vs-lobo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACFN correlations · LOBO correlations
