BATL vs MOBX: Correlation
How closely do Battalion Oil Corporation (BATL) and Mobix Labs, Inc. (MOBX) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and MOBX?
Over the past 3 years, BATL and MOBX moved with a correlation of 0.64, which is strong. The past 12 months show a tighter link (0.78) than the 3-year average (0.64). Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 53868.5 %².
MOBX is one of the assets that tracks BATL most closely: it ranks #2 out of the 44 assets we track against BATL. Correlation aside, the last 12 months split them widely, with BATL ahead by 100.7 points (+12.7% versus -88.0%).
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 MOBX: side by side
| BATL (Battalion Oil Corporation) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +12.7% | -88.0% |
| 5-year return | -87.1% | -98.8% |
| Volatility (ann.) | 252.0% | 333.1% |
| Beta vs S&P 500 | -0.19 | -0.62 |
| Max drawdown (3Y) | -95.8% | -99.1% |
| 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 | MOBX |
|---|---|---|
| 2022 | -0.9% | +3.8% |
| 2023 | -1.0% | -60.6% |
| 2024 | -82.1% | -57.7% |
| 2025 | -34.3% | -84.3% |
| 2026 | +17.7% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and MOBX good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BATL and MOBX?
The BATL/MOBX correlation stands at 0.64 on a 3-year window (1 year: 0.78, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is MOBX a good diversifier for BATL?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/batl-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/batl-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BATL correlations · MOBX correlations
