BNED vs MNDR: Correlation
How closely do Barnes & Noble Education, Inc (BNED) and Mobile-health Network Solutions - Class A (MNDR) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNED and MNDR?
Over the past 3 years, BNED and MNDR moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -5579.3 %².
Among the 11 assets we track against BNED, MNDR sits near the bottom by co-movement, at rank #11. The last year tells two different stories: BNED led by 136.0 percentage points, +41.1% for BNED against -94.9% for MNDR.
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.
BNED vs MNDR: side by side
| BNED (Barnes & Noble Education, Inc) | MNDR (Mobile-health Network Solutions - Class A) | |
|---|---|---|
| 1-year return | +41.1% | -94.9% |
| 5-year return | -98.4% | n/a |
| Volatility (ann.) | 111.9% | 161.8% |
| Beta vs S&P 500 | 1.64 | -0.61 |
| Max drawdown (3Y) | -97.3% | -100.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | 25.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNED | MNDR |
|---|---|---|
| 2022 | -74.3% | – |
| 2023 | -14.9% | – |
| 2024 | -93.3% | – |
| 2025 | -8.5% | -93.0% |
| 2026 | +33.9% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNED and MNDR good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between BNED and MNDR?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.24 over the last year and n/a over 5 years.
Is MNDR a good diversifier for BNED?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
A reading of -0.31 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/bned-vs-mndr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bned-vs-mndr/)
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Related comparisons
Hubs: BNED correlations · MNDR correlations
