EDSA vs MOBX: Correlation
Edesa Biotech, Inc. (EDSA) and Mobix Labs, Inc. (MOBX) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDSA and MOBX?
On 3 years of weekly data the EDSA/MOBX correlation comes out at 0.56, moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.56 over 3. The 5-year figure is 0.50, and annualized covariance runs at 35469.1 %².
MOBX is one of the assets that tracks EDSA most closely: it ranks #2 out of the 30 assets we track against EDSA. Correlation aside, the last 12 months split them widely, with EDSA ahead by 179.7 points (+91.7% versus -88.0%). Note the risk asymmetry: MOBX runs 1.7 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.
EDSA vs MOBX: side by side
| EDSA (Edesa Biotech, Inc.) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +91.7% | -88.0% |
| 5-year return | -87.4% | -98.8% |
| Volatility (ann.) | 190.4% | 333.1% |
| Beta vs S&P 500 | -0.03 | -0.62 |
| Max drawdown (3Y) | -87.3% | -99.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDSA | MOBX |
|---|---|---|
| 2022 | -61.6% | +3.8% |
| 2023 | -69.8% | -60.6% |
| 2024 | -63.2% | -57.7% |
| 2025 | -15.5% | -84.3% |
| 2026 | +223.9% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDSA and MOBX good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EDSA and MOBX?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.61 over the last year and 0.50 over 5 years.
Is MOBX a good diversifier for EDSA?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/edsa-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/edsa-vs-mobx/)
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Related comparisons
Hubs: EDSA correlations · MOBX correlations
