MOB vs UMAC: Correlation
Measured on weekly returns over the past three years, Mobilicom Limited (MOB) and Unusual Machines, Inc. (UMAC) 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 UMAC?
On 3 years of weekly data the MOB/UMAC correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.37 over 3. The 5-year figure is n/a, and annualized covariance runs at 8706.8 %².
Among the 11 assets we track against MOB, UMAC ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with UMAC ahead by 159.7 points (-2.6% versus +157.1%). One caveat on sizing: UMAC is 2.6 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 UMAC: side by side
| MOB (Mobilicom Limited) | UMAC (Unusual Machines, Inc.) | |
|---|---|---|
| 1-year return | -2.6% | +157.1% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 95.6% | 248.9% |
| Beta vs S&P 500 | 1.42 | 3.43 |
| Max drawdown (3Y) | -69.7% | -75.6% |
| Market cap | $0.1B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOB | UMAC |
|---|---|---|
| 2023 | +100.0% | – |
| 2024 | +96.4% | – |
| 2025 | +60.1% | -24.3% |
| 2026 | -6.1% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOB and UMAC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MOB and UMAC?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.43 over the last year and n/a over 5 years.
Is UMAC a good diversifier for MOB?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/mob-vs-umac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mob-vs-umac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MOB correlations · UMAC correlations
