CSTE vs MOBX: Correlation
Measured on weekly returns over the past three years, Caesarstone Ltd. (CSTE) and Mobix Labs, Inc. (MOBX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSTE and MOBX?
Across a 3-year window, the weekly returns of CSTE and MOBX correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives -0.22, with an annualized covariance of -7595.6 %².
Out of 11 assets tracked against CSTE, MOBX lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months CSTE outperformed by 204.9 percentage points (+116.9% for CSTE against -88.0% for MOBX). Note the risk asymmetry: MOBX runs 3.3 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.
CSTE vs MOBX: side by side
| CSTE (Caesarstone Ltd.) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +116.9% | -88.0% |
| 5-year return | -74.8% | -98.8% |
| Volatility (ann.) | 100.4% | 333.1% |
| Beta vs S&P 500 | 1.27 | -0.62 |
| Max drawdown (3Y) | -90.8% | -99.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSTE | MOBX |
|---|---|---|
| 2022 | -48.4% | +3.8% |
| 2023 | -34.5% | -60.6% |
| 2024 | +13.6% | -57.7% |
| 2025 | -56.2% | -84.3% |
| 2026 | +72.6% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSTE and MOBX good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CSTE and MOBX?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.29 over the last year and -0.22 over 5 years.
Is MOBX a good diversifier for CSTE?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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/cste-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cste-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSTE correlations · MOBX correlations
