MOBX vs SLNG: Correlation
How closely do Mobix Labs, Inc. (MOBX) and Stabilis Solutions, Inc. (SLNG) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and SLNG?
Over the past 3 years, MOBX and SLNG moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.27 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -6240.0 %².
Within MOBX's tracked universe of 77 assets, SLNG comes in at #67 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLNG ahead by 131.5 points (-88.0% versus +43.5%). Note the risk asymmetry: MOBX runs 4.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SLNG: side by side
| MOBX (Mobix Labs, Inc.) | SLNG (Stabilis Solutions, Inc.) | |
|---|---|---|
| 1-year return | -88.0% | +43.5% |
| 5-year return | -98.8% | -16.1% |
| Volatility (ann.) | 333.1% | 69.9% |
| Beta vs S&P 500 | -0.62 | 0.39 |
| Max drawdown (3Y) | -99.1% | -58.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOBX | SLNG |
|---|---|---|
| 2022 | +3.8% | +25.8% |
| 2023 | -60.6% | -22.0% |
| 2024 | -57.7% | +28.9% |
| 2025 | -84.3% | -15.0% |
| 2026 | -57.3% | +28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and SLNG good diversifiers for each other?
Yes. With a correlation of -0.27, MOBX and SLNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOBX and SLNG?
As of 2026-08-27, the correlation of weekly returns between MOBX and SLNG is -0.27 over 3 years, -0.39 over 1 year and -0.20 over 5 years.
Is SLNG a good diversifier for MOBX?
Yes. With a correlation of -0.27, MOBX and SLNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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.
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Related comparisons
Hubs: MOBX correlations · SLNG correlations
