CBAT vs LODE: Correlation
Measured on weekly returns over the past three years, CBAK Energy Technology Limited (CBAT) and Comstock Inc. (LODE) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAT and LODE?
On 3 years of weekly data the CBAT/LODE correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.37 over 3. The 5-year figure is 0.31, and annualized covariance runs at 2320.6 %².
Within CBAT's tracked universe of 10 assets, LODE comes in at #5 by 3-year correlation. The last year tells two different stories: LODE led by 52.0 percentage points, -6.1% for CBAT against +45.9% for LODE. One caveat on sizing: LODE is 1.7 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.
CBAT vs LODE: side by side
| CBAT (CBAK Energy Technology Limited) | LODE (Comstock Inc.) | |
|---|---|---|
| 1-year return | -6.1% | +45.9% |
| 5-year return | -73.0% | -88.3% |
| Volatility (ann.) | 60.3% | 105.0% |
| Beta vs S&P 500 | 0.75 | 1.39 |
| Max drawdown (3Y) | -74.1% | -78.5% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBAT | LODE |
|---|---|---|
| 2022 | -36.5% | -78.3% |
| 2023 | +6.1% | +96.4% |
| 2024 | -10.5% | +45.5% |
| 2025 | -10.6% | -53.0% |
| 2026 | +2.8% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAT and LODE good diversifiers for each other?
Reasonably. At 0.37, CBAT and LODE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CBAT and LODE?
As of 2026-08-27, the correlation of weekly returns between CBAT and LODE is 0.37 over 3 years, 0.30 over 1 year and 0.31 over 5 years.
Is LODE a good diversifier for CBAT?
Reasonably. At 0.37, CBAT and LODE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cbat-vs-lode.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbat-vs-lode/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBAT correlations · LODE correlations
