ACNT vs MOBX: Correlation
How closely do Ascent Industries Co. (ACNT) and Mobix Labs, Inc. (MOBX) trade together? Their weekly returns over three years give a correlation of -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNT and MOBX?
Over the past 3 years, ACNT and MOBX moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.65) runs below the 3-year figure (-0.41). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -4245.9 %².
Out of 16 assets tracked against ACNT, MOBX lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months ACNT outperformed by 119.0 percentage points (+31.0% for ACNT against -88.0% for MOBX). Risk is not evenly split, since MOBX carries 10.7 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.
ACNT vs MOBX: side by side
| ACNT (Ascent Industries Co.) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +31.0% | -88.0% |
| 5-year return | +37.0% | -98.8% |
| Volatility (ann.) | 31.2% | 333.1% |
| Beta vs S&P 500 | 0.09 | -0.62 |
| Max drawdown (3Y) | -31.8% | -99.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACNT | MOBX |
|---|---|---|
| 2022 | -47.2% | +3.8% |
| 2023 | +10.3% | -60.6% |
| 2024 | +16.9% | -57.7% |
| 2025 | +44.8% | -84.3% |
| 2026 | -2.4% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNT and MOBX good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACNT and MOBX?
As of 2026-08-27, the correlation of weekly returns between ACNT and MOBX is -0.41 over 3 years, -0.65 over 1 year and -0.25 over 5 years.
Is MOBX a good diversifier for ACNT?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/acnt-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acnt-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACNT correlations · MOBX correlations
