AU vs BATL: Correlation
AngloGold Ashanti PLC (AU) and Battalion Oil Corporation (BATL) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AU and BATL?
On 3 years of weekly data the AU/BATL correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.22 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -3137.3 %².
Among the 13 assets we track against AU, BATL sits near the bottom by co-movement, at rank #11. The last year tells two different stories: AU led by 111.1 percentage points, +123.8% for AU against +12.7% for BATL. Risk is not evenly split, since BATL carries 4.4 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.
AU vs BATL: side by side
| AU (AngloGold Ashanti PLC) | BATL (Battalion Oil Corporation) | |
|---|---|---|
| 1-year return | +123.8% | +12.7% |
| 5-year return | +725.4% | -87.1% |
| Volatility (ann.) | 56.7% | 252.0% |
| Beta vs S&P 500 | 0.92 | -0.19 |
| Max drawdown (3Y) | -39.9% | -95.8% |
| Market cap | $59.9B | $0.1B |
| P/E (trailing) | 15.8 | – |
| Dividend yield | 3.83% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AU | BATL |
|---|---|---|
| 2022 | -5.1% | -0.9% |
| 2023 | -2.7% | -1.0% |
| 2024 | +26.5% | -82.1% |
| 2025 | +288.2% | -34.3% |
| 2026 | +43.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AU and BATL good diversifiers for each other?
Yes. With a correlation of -0.22, AU and BATL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AU and BATL?
The AU/BATL correlation stands at -0.22 on a 3-year window (1 year: -0.38, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is BATL a good diversifier for AU?
Yes. With a correlation of -0.22, AU and BATL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/au-vs-batl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/au-vs-batl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AU correlations · BATL correlations
