MOB vs PCSA: Correlation
Measured on weekly returns over the past three years, Mobilicom Limited (MOB) and Processa Pharmaceuticals, Inc. (PCSA) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOB and PCSA?
Across a 3-year window, the weekly returns of MOB and PCSA correlate at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.37). Stretching to 5 years gives 0.33, with an annualized covariance of 5435.9 %².
Few assets follow MOB as closely as PCSA, which ranks #3 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with MOB ahead by 57.8 points (-2.6% versus -60.4%). One caveat on sizing: PCSA is 1.6 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.
MOB vs PCSA: side by side
| MOB (Mobilicom Limited) | PCSA (Processa Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -2.6% | -60.4% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 95.6% | 153.6% |
| Beta vs S&P 500 | 1.42 | 1.04 |
| Max drawdown (3Y) | -69.7% | -99.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 3.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOB | PCSA |
|---|---|---|
| 2022 | – | -77.6% |
| 2023 | +100.0% | -69.5% |
| 2024 | +96.4% | -86.8% |
| 2025 | +60.1% | -87.0% |
| 2026 | -6.1% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOB and PCSA good diversifiers for each other?
Reasonably. At 0.37, MOB and PCSA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MOB and PCSA?
As of 2026-08-27, the correlation of weekly returns between MOB and PCSA is 0.37 over 3 years, 0.07 over 1 year and 0.33 over 5 years.
Is PCSA a good diversifier for MOB?
Reasonably. At 0.37, MOB and PCSA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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/mob-vs-pcsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mob-vs-pcsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MOB correlations · PCSA correlations
