BATL vs HUM: Correlation
How closely do Battalion Oil Corporation (BATL) and Humana (HUM) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and HUM?
Across a 3-year window, the weekly returns of BATL and HUM correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.23). Stretching to 5 years gives -0.18, with an annualized covariance of -2530.1 %².
By 3-year correlation, HUM places #30 of the 44 assets tracked against BATL. Correlation aside, the last 12 months split them widely, with HUM ahead by 21.3 points (+12.7% versus +34.0%). One caveat on sizing: BATL is 5.8 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 HUM: side by side
| BATL (Battalion Oil Corporation) | HUM (Humana) | |
|---|---|---|
| 1-year return | +12.7% | +34.0% |
| 5-year return | -87.1% | +1.8% |
| Volatility (ann.) | 252.0% | 43.3% |
| Beta vs S&P 500 | -0.19 | 0.52 |
| Max drawdown (3Y) | -95.8% | -67.9% |
| Market cap | $0.1B | $47.1B |
| P/E (trailing) | – | 36.9 |
| Dividend yield | 0.00% | 0.91% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BATL | HUM |
|---|---|---|
| 2022 | -0.9% | +11.2% |
| 2023 | -1.0% | -9.9% |
| 2024 | -82.1% | -44.0% |
| 2025 | -34.3% | +2.4% |
| 2026 | +17.7% | +54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and HUM good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BATL and HUM?
As of 2026-08-27, the correlation of weekly returns between BATL and HUM is -0.23 over 3 years, -0.39 over 1 year and -0.18 over 5 years.
Is HUM a good diversifier for BATL?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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-hum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/batl-vs-hum/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BATL correlations · HUM correlations
