AMCR vs MOBX: Correlation
How closely do Amcor (AMCR) and Mobix Labs, Inc. (MOBX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and MOBX?
Across a 3-year window, the weekly returns of AMCR and MOBX correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.21 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -1739.4 %².
Within AMCR's tracked universe of 36 assets, MOBX comes in at #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMCR outperformed by 100.6 percentage points (+12.6% for AMCR against -88.0% for MOBX). One caveat on sizing: MOBX is 13.6 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.
AMCR vs MOBX: side by side
| AMCR (Amcor) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +12.6% | -88.0% |
| 5-year return | -9.8% | -98.8% |
| Volatility (ann.) | 24.5% | 333.1% |
| Beta vs S&P 500 | 0.46 | -0.62 |
| Max drawdown (3Y) | -32.0% | -99.1% |
| Market cap | $21.5B | – |
| P/E (trailing) | 19.8 | – |
| Dividend yield | 5.51% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | MOBX |
|---|---|---|
| 2022 | +3.2% | +3.8% |
| 2023 | -15.0% | -60.6% |
| 2024 | +2.6% | -57.7% |
| 2025 | -9.0% | -84.3% |
| 2026 | +14.9% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and MOBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMCR and MOBX?
The AMCR/MOBX correlation stands at -0.21 on a 3-year window (1 year: -0.34, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is MOBX a good diversifier for AMCR?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/amcr-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amcr-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMCR correlations · MOBX correlations
