ASTH vs MDRR: Correlation
Measured on weekly returns over the past three years, Astrana Health Inc. (ASTH) and Medalist Diversified, Inc. (MDRR) 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 ASTH and MDRR?
Over the past 3 years, ASTH and MDRR moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is -318.5 %².
Out of 15 assets tracked against ASTH, MDRR lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months ASTH outperformed by 18.3 percentage points (+23.1% for ASTH against +4.8% for MDRR). Note the risk asymmetry: ASTH runs 2.0 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.
ASTH vs MDRR: side by side
| ASTH (Astrana Health Inc.) | MDRR (Medalist Diversified, Inc.) | |
|---|---|---|
| 1-year return | +23.1% | +4.8% |
| 5-year return | -46.1% | -31.3% |
| Volatility (ann.) | 56.8% | 28.1% |
| Beta vs S&P 500 | 1.15 | -0.02 |
| Max drawdown (3Y) | -71.0% | -29.5% |
| Market cap | $1.9B | – |
| P/E (trailing) | 47.4 | 3.1 |
| Dividend yield | 0.00% | 2.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTH | MDRR |
|---|---|---|
| 2022 | -59.7% | -37.3% |
| 2023 | +29.4% | -4.0% |
| 2024 | -17.7% | +28.6% |
| 2025 | -21.3% | -5.5% |
| 2026 | +54.8% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTH and MDRR good diversifiers for each other?
Yes. With a correlation of -0.20, ASTH and MDRR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASTH and MDRR?
As of 2026-08-27, the correlation of weekly returns between ASTH and MDRR is -0.20 over 3 years, -0.16 over 1 year and 0.01 over 5 years.
Is MDRR a good diversifier for ASTH?
Yes. With a correlation of -0.20, ASTH and MDRR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/asth-vs-mdrr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asth-vs-mdrr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASTH correlations · MDRR correlations
