AAME vs MNDO: Correlation
Measured on weekly returns over the past three years, Atlantic American Corporation (AAME) and MIND C.T.I. Ltd. (MNDO) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAME and MNDO?
Across a 3-year window, the weekly returns of AAME and MNDO correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.02) than the 3-year average (-0.21). Stretching to 5 years gives -0.11, with an annualized covariance of -304.5 %².
Out of 11 assets tracked against AAME, MNDO lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months MNDO outperformed by 39.1 percentage points (-54.2% for AAME against -15.1% for MNDO). Note the risk asymmetry: AAME runs 2.4 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.
AAME vs MNDO: side by side
| AAME (Atlantic American Corporation) | MNDO (MIND C.T.I. Ltd.) | |
|---|---|---|
| 1-year return | -54.2% | -15.1% |
| 5-year return | -57.7% | -51.6% |
| Volatility (ann.) | 59.6% | 24.9% |
| Beta vs S&P 500 | 0.77 | 0.32 |
| Max drawdown (3Y) | -63.5% | -54.6% |
| Market cap | – | – |
| P/E (trailing) | 5.6 | 6.3 |
| Dividend yield | 1.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAME | MNDO |
|---|---|---|
| 2022 | -4.0% | -26.5% |
| 2023 | +5.9% | +4.2% |
| 2024 | -36.6% | +13.1% |
| 2025 | +86.6% | -34.9% |
| 2026 | -44.5% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAME and MNDO good diversifiers for each other?
Yes. With a correlation of -0.21, AAME and MNDO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AAME and MNDO?
The AAME/MNDO correlation stands at -0.21 on a 3-year window (1 year: 0.02, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is MNDO a good diversifier for AAME?
Yes. With a correlation of -0.21, AAME and MNDO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aame-vs-mndo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aame-vs-mndo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AAME correlations · MNDO correlations
