MOB vs PRZO: Correlation
How closely do Mobilicom Limited (MOB) and ParaZero Technologies Ltd. (PRZO) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOB and PRZO?
Over the past 3 years, MOB and PRZO moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 7931.5 %².
Few assets follow MOB as closely as PRZO, which ranks #1 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with MOB ahead by 39.7 points (-2.6% versus -42.3%). One caveat on sizing: PRZO is 1.8 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 PRZO: side by side
| MOB (Mobilicom Limited) | PRZO (ParaZero Technologies Ltd.) | |
|---|---|---|
| 1-year return | -2.6% | -42.3% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 95.6% | 172.1% |
| Beta vs S&P 500 | 1.42 | 1.95 |
| Max drawdown (3Y) | -69.7% | -88.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOB | PRZO |
|---|---|---|
| 2023 | +100.0% | – |
| 2024 | +96.4% | +185.5% |
| 2025 | +60.1% | -59.9% |
| 2026 | -6.1% | -4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOB and PRZO good diversifiers for each other?
Reasonably. At 0.48, MOB and PRZO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MOB and PRZO?
The MOB/PRZO correlation stands at 0.48 on a 3-year window (1 year: 0.51, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PRZO a good diversifier for MOB?
Reasonably. At 0.48, MOB and PRZO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/mob-vs-przo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mob-vs-przo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MOB correlations · PRZO correlations
