MOBX vs STE: Correlation
Mobix Labs, Inc. (MOBX) and Steris (STE) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and STE?
Across a 3-year window, the weekly returns of MOBX and STE correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.20). Stretching to 5 years gives -0.13, with an annualized covariance of -1469.4 %².
Among the 77 assets we track against MOBX, STE ranks #43 by 3-year correlation. The last year tells two different stories: STE led by 82.3 percentage points, -88.0% for MOBX against -5.7% for STE. Risk is not evenly split, since MOBX carries 14.9 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 STE: side by side
| MOBX (Mobix Labs, Inc.) | STE (Steris) | |
|---|---|---|
| 1-year return | -88.0% | -5.7% |
| 5-year return | -98.8% | +13.6% |
| Volatility (ann.) | 333.1% | 22.3% |
| Beta vs S&P 500 | -0.62 | 0.43 |
| Max drawdown (3Y) | -99.1% | -25.4% |
| Market cap | – | $22.7B |
| P/E (trailing) | – | 28.5 |
| Dividend yield | 0.00% | 1.06% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MOBX | STE |
|---|---|---|
| 2022 | +3.8% | -23.4% |
| 2023 | -60.6% | +20.2% |
| 2024 | -57.7% | -5.6% |
| 2025 | -84.3% | +24.3% |
| 2026 | -57.3% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and STE good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between MOBX and STE?
As of 2026-08-27, the correlation of weekly returns between MOBX and STE is -0.20 over 3 years, -0.35 over 1 year and -0.13 over 5 years.
Is STE a good diversifier for MOBX?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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/mobx-vs-ste.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mobx-vs-ste/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MOBX correlations · STE correlations
