MOH vs WBX: Correlation
How closely do Molina Healthcare Inc (MOH) and Wallbox N.V. Class A (WBX) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOH and WBX?
Across a 3-year window, the weekly returns of MOH and WBX correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.27) than the 3-year average (-0.24). Stretching to 5 years gives -0.21, with an annualized covariance of -10477.8 %².
WBX is close to the least connected end of MOH's tracked universe, ranking #21 of 21. Their recent paths diverged sharply: over the last 12 months MOH outperformed by 44.7 percentage points (+12.8% for MOH against -31.9% for WBX). Note the risk asymmetry: WBX runs 21.8 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.
MOH vs WBX: side by side
| MOH (Molina Healthcare Inc) | WBX (Wallbox N.V. Class A) | |
|---|---|---|
| 1-year return | +12.8% | -31.9% |
| 5-year return | -25.1% | -70.7% |
| Volatility (ann.) | 44.8% | 975.4% |
| Beta vs S&P 500 | -0.03 | 4.88 |
| Max drawdown (3Y) | -70.8% | -91.3% |
| Market cap | $10.4B | $0.1B |
| P/E (trailing) | 1242.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOH | WBX |
|---|---|---|
| 2022 | +3.8% | -78.1% |
| 2023 | +9.4% | -51.1% |
| 2024 | -19.4% | -71.4% |
| 2025 | -40.4% | +367.1% |
| 2026 | +14.5% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOH and WBX good diversifiers for each other?
Yes. With a correlation of -0.24, MOH and WBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOH and WBX?
The MOH/WBX correlation stands at -0.24 on a 3-year window (1 year: 0.27, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is WBX a good diversifier for MOH?
Yes. With a correlation of -0.24, MOH and WBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/moh-vs-wbx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/moh-vs-wbx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MOH correlations · WBX correlations
