BATL vs CVCO: Correlation
Battalion Oil Corporation (BATL) and Cavco Industries, Inc. (CVCO) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and CVCO?
Across a 3-year window, the weekly returns of BATL and CVCO correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.26 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -2612.5 %².
Among the 44 assets we track against BATL, CVCO ranks #36 by 3-year correlation. Over the last 12 months BATL came out ahead by 5.1 percentage points (+12.7% against +7.6%). Risk is not evenly split, since BATL carries 6.3 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.
BATL vs CVCO: side by side
| BATL (Battalion Oil Corporation) | CVCO (Cavco Industries, Inc.) | |
|---|---|---|
| 1-year return | +12.7% | +7.6% |
| 5-year return | -87.1% | +119.4% |
| Volatility (ann.) | 252.0% | 39.8% |
| Beta vs S&P 500 | -0.19 | 0.96 |
| Max drawdown (3Y) | -95.8% | -34.7% |
| Market cap | $0.1B | $4.4B |
| P/E (trailing) | – | 25.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATL | CVCO |
|---|---|---|
| 2022 | -0.9% | -28.8% |
| 2023 | -1.0% | +53.2% |
| 2024 | -82.1% | +28.7% |
| 2025 | -34.3% | +32.4% |
| 2026 | +17.7% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and CVCO good diversifiers for each other?
Yes. With a correlation of -0.26, BATL and CVCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BATL and CVCO?
The BATL/CVCO correlation stands at -0.26 on a 3-year window (1 year: -0.43, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is CVCO a good diversifier for BATL?
Yes. With a correlation of -0.26, BATL and CVCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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-cvco.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/batl-vs-cvco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BATL correlations · CVCO correlations
