BATL vs ZD: Correlation
Measured on weekly returns over the past three years, Battalion Oil Corporation (BATL) and Ziff Davis, Inc. (ZD) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and ZD?
Over the past 3 years, BATL and ZD moved with a correlation of 0.48, which is moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.48). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 6353.2 %².
By 3-year correlation, ZD places #7 of the 44 assets tracked against BATL. The last year tells two different stories: ZD led by 35.0 percentage points, +12.7% for BATL against +47.7% for ZD. One caveat on sizing: BATL is 4.8 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 ZD: side by side
| BATL (Battalion Oil Corporation) | ZD (Ziff Davis, Inc.) | |
|---|---|---|
| 1-year return | +12.7% | +47.7% |
| 5-year return | -87.1% | -53.5% |
| Volatility (ann.) | 252.0% | 52.4% |
| Beta vs S&P 500 | -0.19 | 1.08 |
| Max drawdown (3Y) | -95.8% | -62.6% |
| Market cap | $0.1B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATL | ZD |
|---|---|---|
| 2022 | -0.9% | -28.6% |
| 2023 | -1.0% | -15.1% |
| 2024 | -82.1% | -19.1% |
| 2025 | -34.3% | -35.3% |
| 2026 | +17.7% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and ZD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BATL and ZD?
As of 2026-08-27, the correlation of weekly returns between BATL and ZD is 0.48 over 3 years, 0.65 over 1 year and 0.43 over 5 years.
Is ZD a good diversifier for BATL?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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-zd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/batl-vs-zd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BATL correlations · ZD correlations
