CMCL vs MOS: Correlation
Caledonia Mining Corporation Plc (CMCL) and Mosaic Company (The) (MOS) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCL and MOS?
Across a 3-year window, the weekly returns of CMCL and MOS correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.34, with an annualized covariance of 871.9 %².
Among the 13 assets we track against CMCL, MOS ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CMCL ahead by 32.0 points (+5.4% versus -26.6%).
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.
CMCL vs MOS: side by side
| CMCL (Caledonia Mining Corporation Plc) | MOS (Mosaic Company (The)) | |
|---|---|---|
| 1-year return | +5.4% | -26.6% |
| 5-year return | +156.5% | -17.1% |
| Volatility (ann.) | 52.7% | 36.6% |
| Beta vs S&P 500 | 1.10 | 0.78 |
| Max drawdown (3Y) | -55.2% | -45.7% |
| Market cap | $0.5B | $7.6B |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 2.25% | 3.64% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | CMCL | MOS |
|---|---|---|
| 2022 | +11.4% | +12.8% |
| 2023 | +2.6% | -16.4% |
| 2024 | -18.9% | -29.1% |
| 2025 | +183.7% | +1.1% |
| 2026 | -1.4% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCL and MOS good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CMCL and MOS?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.49 over the last year and 0.34 over 5 years.
Is MOS a good diversifier for CMCL?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/cmcl-vs-mos.json
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Related comparisons
Hubs: CMCL correlations · MOS correlations
