ACNT vs BATL: Correlation
Measured on weekly returns over the past three years, Ascent Industries Co. (ACNT) and Battalion Oil Corporation (BATL) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNT and BATL?
Across a 3-year window, the weekly returns of ACNT and BATL correlate at -0.33, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.56) runs below the 3-year figure (-0.33). Stretching to 5 years gives -0.18, with an annualized covariance of -2632.9 %².
BATL is close to the least connected end of ACNT's tracked universe, ranking #13 of 16. Correlation aside, the last 12 months split them widely, with ACNT ahead by 18.3 points (+31.0% versus +12.7%). One caveat on sizing: BATL is 8.1 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.
ACNT vs BATL: side by side
| ACNT (Ascent Industries Co.) | BATL (Battalion Oil Corporation) | |
|---|---|---|
| 1-year return | +31.0% | +12.7% |
| 5-year return | +37.0% | -87.1% |
| Volatility (ann.) | 31.2% | 252.0% |
| Beta vs S&P 500 | 0.09 | -0.19 |
| Max drawdown (3Y) | -31.8% | -95.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACNT | BATL |
|---|---|---|
| 2022 | -47.2% | -0.9% |
| 2023 | +10.3% | -1.0% |
| 2024 | +16.9% | -82.1% |
| 2025 | +44.8% | -34.3% |
| 2026 | -2.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNT and BATL good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACNT and BATL?
As of 2026-08-27, the correlation of weekly returns between ACNT and BATL is -0.33 over 3 years, -0.56 over 1 year and -0.18 over 5 years.
Is BATL a good diversifier for ACNT?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acnt-vs-batl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acnt-vs-batl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACNT correlations · BATL correlations
