MOBX vs NC: Correlation
Mobix Labs, Inc. (MOBX) and NACCO Industries, Inc. (NC) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and NC?
Over the past 3 years, MOBX and NC moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.22). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -2694.7 %².
By 3-year correlation, NC places #53 of the 77 assets tracked against MOBX. Their recent paths diverged sharply: over the last 12 months NC outperformed by 100.2 percentage points (-88.0% for MOBX against +12.2% for NC). One caveat on sizing: MOBX is 9.2 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.
MOBX vs NC: side by side
| MOBX (Mobix Labs, Inc.) | NC (NACCO Industries, Inc.) | |
|---|---|---|
| 1-year return | -88.0% | +12.2% |
| 5-year return | -98.8% | +96.1% |
| Volatility (ann.) | 333.1% | 36.3% |
| Beta vs S&P 500 | -0.62 | 0.46 |
| Max drawdown (3Y) | -99.1% | -31.2% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 18.7 |
| Dividend yield | 0.00% | 2.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOBX | NC |
|---|---|---|
| 2022 | +3.8% | +6.7% |
| 2023 | -60.6% | -1.5% |
| 2024 | -57.7% | -15.9% |
| 2025 | -84.3% | +68.8% |
| 2026 | -57.3% | -11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and NC good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between MOBX and NC?
The MOBX/NC correlation stands at -0.22 on a 3-year window (1 year: -0.38, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is NC a good diversifier for MOBX?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/mobx-vs-nc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mobx-vs-nc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MOBX correlations · NC correlations
