ALTO vs MOBX: Correlation
How closely do Alto Ingredients, Inc. (ALTO) and Mobix Labs, Inc. (MOBX) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTO and MOBX?
On 3 years of weekly data the ALTO/MOBX correlation comes out at 0.53, moderate. The link has tightened recently: the 1-year correlation (0.71) runs above the 3-year figure (0.53). The 5-year figure is 0.46, and annualized covariance runs at 16681.6 %².
In ALTO's tracked universe of 15 assets, MOBX sits right near the top at #1. Correlation aside, the last 12 months split them widely, with ALTO ahead by 377.5 points (+289.5% versus -88.0%). Risk is not evenly split, since MOBX carries 3.6 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.
ALTO vs MOBX: side by side
| ALTO (Alto Ingredients, Inc.) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +289.5% | -88.0% |
| 5-year return | -16.4% | -98.8% |
| Volatility (ann.) | 93.7% | 333.1% |
| Beta vs S&P 500 | 0.15 | -0.62 |
| Max drawdown (3Y) | -84.1% | -99.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | 6.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALTO | MOBX |
|---|---|---|
| 2022 | -40.1% | +3.8% |
| 2023 | -7.6% | -60.6% |
| 2024 | -41.4% | -57.7% |
| 2025 | +84.6% | -84.3% |
| 2026 | +42.0% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTO and MOBX good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALTO and MOBX?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.71 over the last year and 0.46 over 5 years.
Is MOBX a good diversifier for ALTO?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alto-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alto-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALTO correlations · MOBX correlations
