BATL vs CNTX: Correlation
How closely do Battalion Oil Corporation (BATL) and Context Therapeutics Inc. (CNTX) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and CNTX?
Across a 3-year window, the weekly returns of BATL and CNTX correlate at 0.34, moderate. The past 12 months show a tighter link (0.46) than the 3-year average (0.34). Stretching to 5 years gives 0.28, with an annualized covariance of 8743.2 %².
By 3-year correlation, CNTX places #12 of the 44 assets tracked against BATL. The last year tells two different stories: BATL led by 64.3 percentage points, +12.7% for BATL against -51.6% for CNTX. Note the risk asymmetry: BATL runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 CNTX: side by side
| BATL (Battalion Oil Corporation) | CNTX (Context Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +12.7% | -51.6% |
| 5-year return | -87.1% | -91.8% |
| Volatility (ann.) | 252.0% | 102.4% |
| Beta vs S&P 500 | -0.19 | 0.87 |
| Max drawdown (3Y) | -95.8% | -87.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATL | CNTX |
|---|---|---|
| 2022 | -0.9% | -75.5% |
| 2023 | -1.0% | +73.3% |
| 2024 | -82.1% | -7.1% |
| 2025 | -34.3% | +40.0% |
| 2026 | +17.7% | -71.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and CNTX good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BATL and CNTX?
As of 2026-08-27, the correlation of weekly returns between BATL and CNTX is 0.34 over 3 years, 0.46 over 1 year and 0.28 over 5 years.
Is CNTX a good diversifier for BATL?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: BATL correlations · CNTX correlations
