ANTX vs BATL: Correlation
How closely do AN2 Therapeutics, Inc. (ANTX) and Battalion Oil Corporation (BATL) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANTX and BATL?
Across a 3-year window, the weekly returns of ANTX and BATL correlate at 0.51, moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.51). Stretching to 5 years gives 0.38, with an annualized covariance of 16732.5 %².
Few assets follow ANTX as closely as BATL, which ranks #3 of 30 tracked partners. Their recent paths diverged sharply: over the last 12 months ANTX outperformed by 390.8 percentage points (+403.5% for ANTX against +12.7% for BATL). One caveat on sizing: BATL is 1.9 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.
ANTX vs BATL: side by side
| ANTX (AN2 Therapeutics, Inc.) | BATL (Battalion Oil Corporation) | |
|---|---|---|
| 1-year return | +403.5% | +12.7% |
| 5-year return | -62.7% | -87.1% |
| Volatility (ann.) | 131.4% | 252.0% |
| Beta vs S&P 500 | 0.22 | -0.19 |
| Max drawdown (3Y) | -95.4% | -95.8% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANTX | BATL |
|---|---|---|
| 2022 | – | -0.9% |
| 2023 | +115.0% | -1.0% |
| 2024 | -93.3% | -82.1% |
| 2025 | -17.4% | -34.3% |
| 2026 | +403.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANTX and BATL good diversifiers for each other?
Only partially. A correlation of 0.51 means ANTX and BATL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ANTX and BATL?
As of 2026-08-27, the correlation of weekly returns between ANTX and BATL is 0.51 over 3 years, 0.66 over 1 year and 0.38 over 5 years.
Is BATL a good diversifier for ANTX?
Only partially. A correlation of 0.51 means ANTX and BATL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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/antx-vs-batl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/antx-vs-batl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANTX correlations · BATL correlations
