AVY vs MOBX: Correlation
Measured on weekly returns over the past three years, Avery Dennison (AVY) and Mobix Labs, Inc. (MOBX) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVY and MOBX?
Across a 3-year window, the weekly returns of AVY and MOBX correlate at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.17). Stretching to 5 years gives -0.12, with an annualized covariance of -1153.0 %².
Within AVY's tracked universe of 38 assets, MOBX comes in at #31 by 3-year correlation. The last year tells two different stories: AVY led by 93.3 percentage points, +5.3% for AVY against -88.0% for MOBX. Risk is not evenly split, since MOBX carries 16.5 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.
AVY vs MOBX: side by side
| AVY (Avery Dennison) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +5.3% | -88.0% |
| 5-year return | -14.0% | -98.8% |
| Volatility (ann.) | 20.2% | 333.1% |
| Beta vs S&P 500 | 0.61 | -0.62 |
| Max drawdown (3Y) | -30.6% | -99.1% |
| Market cap | $13.5B | – |
| P/E (trailing) | 20.0 | – |
| Dividend yield | 2.10% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AVY | MOBX |
|---|---|---|
| 2022 | -15.1% | +3.8% |
| 2023 | +13.7% | -60.6% |
| 2024 | -5.9% | -57.7% |
| 2025 | -0.7% | -84.3% |
| 2026 | -0.8% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVY and MOBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVY and MOBX?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.30 over the last year and -0.12 over 5 years.
Is MOBX a good diversifier for AVY?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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/avy-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avy-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVY correlations · MOBX correlations
