ATNI vs MOBX: Correlation
Measured on weekly returns over the past three years, ATN International, Inc. (ATNI) and Mobix Labs, Inc. (MOBX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATNI and MOBX?
Across a 3-year window, the weekly returns of ATNI and MOBX correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.30 versus -0.19 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -3738.0 %².
Out of 11 assets tracked against ATNI, MOBX lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months ATNI outperformed by 183.4 percentage points (+95.4% for ATNI against -88.0% for MOBX). Risk is not evenly split, since MOBX carries 5.7 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.
ATNI vs MOBX: side by side
| ATNI (ATN International, Inc.) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +95.4% | -88.0% |
| 5-year return | -22.3% | -98.8% |
| Volatility (ann.) | 58.6% | 333.1% |
| Beta vs S&P 500 | 0.57 | -0.62 |
| Max drawdown (3Y) | -62.6% | -99.1% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.0 | – |
| Dividend yield | 3.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATNI | MOBX |
|---|---|---|
| 2022 | +15.3% | +3.8% |
| 2023 | -11.9% | -60.6% |
| 2024 | -55.1% | -57.7% |
| 2025 | +43.8% | -84.3% |
| 2026 | +32.9% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATNI and MOBX good diversifiers for each other?
Yes. With a correlation of -0.19, ATNI and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATNI and MOBX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.30 over the last year and -0.17 over 5 years.
Is MOBX a good diversifier for ATNI?
Yes. With a correlation of -0.19, ATNI and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/atni-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atni-vs-mobx/)
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Related comparisons
Hubs: ATNI correlations · MOBX correlations
