BATL vs TPET: Correlation
Battalion Oil Corporation (BATL) and Trio Petroleum Corp. (TPET) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and TPET?
Over the past 3 years, BATL and TPET moved with a correlation of 0.56, which is moderate. The link has tightened recently: the 1-year correlation (0.79) runs above the 3-year figure (0.56). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 37401.5 %².
In BATL's tracked universe of 44 assets, TPET sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months BATL outperformed by 93.6 percentage points (+12.7% for BATL against -80.9% for TPET).
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 TPET: side by side
| BATL (Battalion Oil Corporation) | TPET (Trio Petroleum Corp.) | |
|---|---|---|
| 1-year return | +12.7% | -80.9% |
| 5-year return | -87.1% | n/a |
| Volatility (ann.) | 252.0% | 264.2% |
| Beta vs S&P 500 | -0.19 | -2.89 |
| Max drawdown (3Y) | -95.8% | -98.5% |
| 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 | TPET |
|---|---|---|
| 2022 | -0.9% | – |
| 2023 | -1.0% | – |
| 2024 | -82.1% | -80.5% |
| 2025 | -34.3% | -34.4% |
| 2026 | +17.7% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and TPET good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BATL and TPET?
The BATL/TPET correlation stands at 0.56 on a 3-year window (1 year: 0.79, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TPET a good diversifier for BATL?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 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-tpet.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/batl-vs-tpet/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BATL correlations · TPET correlations
