BKTI vs MNDO: Correlation
Measured on weekly returns over the past three years, BK Technologies Corporation (BKTI) and MIND C.T.I. Ltd. (MNDO) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKTI and MNDO?
On 3 years of weekly data the BKTI/MNDO correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.26). The 5-year figure is -0.15, and annualized covariance runs at -408.6 %².
MNDO is close to the least connected end of BKTI's tracked universe, ranking #13 of 15. The last year tells two different stories: BKTI led by 21.7 percentage points, +6.6% for BKTI against -15.1% for MNDO. One caveat on sizing: BKTI is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BKTI vs MNDO: side by side
| BKTI (BK Technologies Corporation) | MNDO (MIND C.T.I. Ltd.) | |
|---|---|---|
| 1-year return | +6.6% | -15.1% |
| 5-year return | +394.9% | -51.6% |
| Volatility (ann.) | 62.4% | 24.9% |
| Beta vs S&P 500 | 0.84 | 0.32 |
| Max drawdown (3Y) | -32.8% | -54.6% |
| Market cap | $0.3B | – |
| P/E (trailing) | 22.1 | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKTI | MNDO |
|---|---|---|
| 2022 | +44.6% | -26.5% |
| 2023 | -26.3% | +4.2% |
| 2024 | +180.4% | +13.1% |
| 2025 | +117.5% | -34.9% |
| 2026 | +0.7% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKTI and MNDO good diversifiers for each other?
Yes. With a correlation of -0.26, BKTI and MNDO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BKTI and MNDO?
The BKTI/MNDO correlation stands at -0.26 on a 3-year window (1 year: -0.12, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is MNDO a good diversifier for BKTI?
Yes. With a correlation of -0.26, BKTI and MNDO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/bkti-vs-mndo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bkti-vs-mndo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKTI correlations · MNDO correlations
