CIEN vs MOBX: Correlation
How closely do Ciena (CIEN) and Mobix Labs, Inc. (MOBX) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIEN and MOBX?
On 3 years of weekly data the CIEN/MOBX correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.20). The 5-year figure is -0.16, and annualized covariance runs at -3262.0 %².
Within CIEN's tracked universe of 28 assets, MOBX comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CIEN ahead by 419.2 points (+331.2% versus -88.0%). Risk is not evenly split, since MOBX carries 6.6 times the volatility of the other side.
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.
CIEN vs MOBX: side by side
| CIEN (Ciena) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +331.2% | -88.0% |
| 5-year return | +598.5% | -98.8% |
| Volatility (ann.) | 50.1% | 333.1% |
| Beta vs S&P 500 | 1.59 | -0.62 |
| Max drawdown (3Y) | -47.3% | -99.1% |
| Market cap | $56.6B | – |
| P/E (trailing) | 133.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CIEN | MOBX |
|---|---|---|
| 2022 | -33.8% | +3.8% |
| 2023 | -11.7% | -60.6% |
| 2024 | +88.4% | -57.7% |
| 2025 | +175.8% | -84.3% |
| 2026 | +71.0% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIEN and MOBX good diversifiers for each other?
Yes. With a correlation of -0.20, CIEN and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CIEN and MOBX?
The CIEN/MOBX correlation stands at -0.20 on a 3-year window (1 year: -0.34, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is MOBX a good diversifier for CIEN?
Yes. With a correlation of -0.20, CIEN and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/cien-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cien-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CIEN correlations · MOBX correlations
