CCEP vs MOBX: Correlation
Measured on weekly returns over the past three years, Coca-Cola Europacific Partners plc (CCEP) and Mobix Labs, Inc. (MOBX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEP and MOBX?
On 3 years of weekly data the CCEP/MOBX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.27 over 3 years. The 5-year figure is -0.18, and annualized covariance runs at -1745.4 %².
MOBX is close to the least connected end of CCEP's tracked universe, ranking #15 of 17. Correlation aside, the last 12 months split them widely, with CCEP ahead by 112.5 points (+24.5% versus -88.0%). Note the risk asymmetry: MOBX runs 17.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CCEP vs MOBX: side by side
| CCEP (Coca-Cola Europacific Partners plc) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +24.5% | -88.0% |
| 5-year return | +115.3% | -98.8% |
| Volatility (ann.) | 19.3% | 333.1% |
| Beta vs S&P 500 | 0.39 | -0.62 |
| Max drawdown (3Y) | -18.2% | -99.1% |
| Market cap | $47.4B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 1.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCEP | MOBX |
|---|---|---|
| 2022 | +2.3% | +3.8% |
| 2023 | +24.5% | -60.6% |
| 2024 | +18.4% | -57.7% |
| 2025 | +21.2% | -84.3% |
| 2026 | +19.6% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEP and MOBX good diversifiers for each other?
Yes. With a correlation of -0.27, CCEP and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCEP and MOBX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.41 over the last year and -0.18 over 5 years.
Is MOBX a good diversifier for CCEP?
Yes. With a correlation of -0.27, CCEP and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/ccep-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccep-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCEP correlations · MOBX correlations
