MOBX vs PROF: Correlation
How closely do Mobix Labs, Inc. (MOBX) and Profound Medical Corp. (PROF) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and PROF?
Across a 3-year window, the weekly returns of MOBX and PROF correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.51) runs below the 3-year figure (-0.25). Stretching to 5 years gives -0.17, with an annualized covariance of -4975.9 %².
Among the 77 assets we track against MOBX, PROF ranks #63 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PROF outperformed by 142.0 percentage points (-88.0% for MOBX against +54.0% for PROF). Risk is not evenly split, since MOBX carries 5.6 times the volatility of the other side.
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 PROF: side by side
| MOBX (Mobix Labs, Inc.) | PROF (Profound Medical Corp.) | |
|---|---|---|
| 1-year return | -88.0% | +54.0% |
| 5-year return | -98.8% | -53.1% |
| Volatility (ann.) | 333.1% | 59.6% |
| Beta vs S&P 500 | -0.62 | 0.92 |
| Max drawdown (3Y) | -99.1% | -65.4% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOBX | PROF |
|---|---|---|
| 2022 | +3.8% | -3.0% |
| 2023 | -60.6% | -22.0% |
| 2024 | -57.7% | -11.5% |
| 2025 | -84.3% | +4.8% |
| 2026 | -57.3% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and PROF good diversifiers for each other?
Yes. With a correlation of -0.25, MOBX and PROF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOBX and PROF?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.51 over the last year and -0.17 over 5 years.
Is PROF a good diversifier for MOBX?
Yes. With a correlation of -0.25, MOBX and PROF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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.
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Related comparisons
Hubs: MOBX correlations · PROF correlations
