ARDT vs MNY: Correlation
Measured on weekly returns over the past three years, Ardent Health, Inc. (ARDT) and MoneyHero Limited - Class A (MNY) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDT and MNY?
On 3 years of weekly data the ARDT/MNY correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.17 over 1 year against -0.20 over 3. The 5-year figure is n/a, and annualized covariance runs at -768.9 %².
Among the 22 assets we track against ARDT, MNY ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ARDT ahead by 41.5 points (-13.5% versus -55.0%). Risk is not evenly split, since MNY carries 3.2 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.
ARDT vs MNY: side by side
| ARDT (Ardent Health, Inc.) | MNY (MoneyHero Limited - Class A) | |
|---|---|---|
| 1-year return | -13.5% | -55.0% |
| 5-year return | n/a | -91.3% |
| Volatility (ann.) | 48.5% | 157.6% |
| Beta vs S&P 500 | 0.65 | 1.67 |
| Max drawdown (3Y) | -61.2% | -94.1% |
| Market cap | $1.6B | – |
| P/E (trailing) | 20.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDT | MNY |
|---|---|---|
| 2022 | – | +0.9% |
| 2023 | – | -82.6% |
| 2024 | – | -34.9% |
| 2025 | -48.3% | +12.5% |
| 2026 | +24.5% | -32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDT and MNY good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARDT and MNY?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.17 over the last year and n/a over 5 years.
Is MNY a good diversifier for ARDT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ardt-vs-mny.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ardt-vs-mny/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARDT correlations · MNY correlations
