LITE vs MOBX: Correlation
Measured on weekly returns over the past three years, Lumentum (LITE) and Mobix Labs, Inc. (MOBX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITE and MOBX?
Over the past 3 years, LITE and MOBX moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.19). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -4042.2 %².
MOBX is close to the least connected end of LITE's tracked universe, ranking #30 of 34. The last year tells two different stories: LITE led by 747.8 percentage points, +659.8% for LITE against -88.0% for MOBX. Note the risk asymmetry: MOBX runs 5.1 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.
LITE vs MOBX: side by side
| LITE (Lumentum) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +659.8% | -88.0% |
| 5-year return | +998.1% | -98.8% |
| Volatility (ann.) | 65.5% | 333.1% |
| Beta vs S&P 500 | 2.36 | -0.62 |
| Max drawdown (3Y) | -50.6% | -99.1% |
| Market cap | $85.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | LITE | MOBX |
|---|---|---|
| 2022 | -50.7% | +3.8% |
| 2023 | +0.5% | -60.6% |
| 2024 | +60.1% | -57.7% |
| 2025 | +339.1% | -84.3% |
| 2026 | +159.4% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITE and MOBX good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LITE and MOBX?
As of 2026-08-27, the correlation of weekly returns between LITE and MOBX is -0.19 over 3 years, -0.32 over 1 year and -0.16 over 5 years.
Is MOBX a good diversifier for LITE?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/lite-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lite-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LITE correlations · MOBX correlations
