BATL vs CCU: Correlation
Measured on weekly returns over the past three years, Battalion Oil Corporation (BATL) and Compania Cervecerias Unidas, S.A. (CCU) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and CCU?
On 3 years of weekly data the BATL/CCU correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.24 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -1699.3 %².
Among the 44 assets we track against BATL, CCU ranks #34 by 3-year correlation. On 12-month performance BATL holds a 11.9-point edge, +12.7% against +0.8%. One caveat on sizing: BATL is 8.9 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.
BATL vs CCU: side by side
| BATL (Battalion Oil Corporation) | CCU (Compania Cervecerias Unidas, S.A.) | |
|---|---|---|
| 1-year return | +12.7% | +0.8% |
| 5-year return | -87.1% | -22.7% |
| Volatility (ann.) | 252.0% | 28.3% |
| Beta vs S&P 500 | -0.19 | 0.60 |
| Max drawdown (3Y) | -95.8% | -30.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 20.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATL | CCU |
|---|---|---|
| 2022 | -0.9% | -15.0% |
| 2023 | -1.0% | -2.5% |
| 2024 | -82.1% | -6.2% |
| 2025 | -34.3% | +14.2% |
| 2026 | +17.7% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and CCU good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BATL and CCU?
The BATL/CCU correlation stands at -0.24 on a 3-year window (1 year: -0.39, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is CCU a good diversifier for BATL?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/batl-vs-ccu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/batl-vs-ccu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BATL correlations · CCU correlations
