GGR vs MOBX: Correlation
How closely do Gogoro Inc. (GGR) and Mobix Labs, Inc. (MOBX) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGR and MOBX?
Over the past 3 years, GGR and MOBX moved with a correlation of 0.44, which is moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.44). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 10743.9 %².
Few assets follow GGR as closely as MOBX, which ranks #1 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months GGR outperformed by 22.7 percentage points (-65.3% for GGR against -88.0% for MOBX). One caveat on sizing: MOBX is 4.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GGR vs MOBX: side by side
| GGR (Gogoro Inc.) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | -65.3% | -88.0% |
| 5-year return | -98.7% | -98.8% |
| Volatility (ann.) | 73.2% | 333.1% |
| Beta vs S&P 500 | 1.20 | -0.62 |
| Max drawdown (3Y) | -96.4% | -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 | GGR | MOBX |
|---|---|---|
| 2022 | -67.8% | +3.8% |
| 2023 | -18.9% | -60.6% |
| 2024 | -80.6% | -57.7% |
| 2025 | -72.6% | -84.3% |
| 2026 | -6.2% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGR and MOBX good diversifiers for each other?
Reasonably. At 0.44, GGR and MOBX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GGR and MOBX?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.68 over the last year and 0.35 over 5 years.
Is MOBX a good diversifier for GGR?
Reasonably. At 0.44, GGR and MOBX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/ggr-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ggr-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GGR correlations · MOBX correlations
