CANG vs MNPR: Correlation
How closely do Cango Inc. Class A (CANG) and Monopar Therapeutics Inc. (MNPR) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CANG and MNPR?
Over the past 3 years, CANG and MNPR moved with a correlation of 0.37, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.37 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 6992.2 %².
MNPR is one of the assets that tracks CANG most closely: it ranks #1 out of the 11 assets we track against CANG. The last year tells two different stories: MNPR led by 316.7 percentage points, -89.4% for CANG against +227.3% for MNPR. Risk is not evenly split, since MNPR carries 2.7 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.
CANG vs MNPR: side by side
| CANG (Cango Inc. Class A) | MNPR (Monopar Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -89.4% | +227.3% |
| 5-year return | -60.9% | +365.1% |
| Volatility (ann.) | 84.7% | 225.0% |
| Beta vs S&P 500 | 1.14 | 1.74 |
| Max drawdown (3Y) | -96.5% | -67.3% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CANG | MNPR |
|---|---|---|
| 2022 | +36.2% | -26.2% |
| 2023 | -22.1% | -85.7% |
| 2024 | +331.4% | +1194.1% |
| 2025 | -31.8% | +196.8% |
| 2026 | -82.7% | +74.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CANG and MNPR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CANG and MNPR?
The CANG/MNPR correlation stands at 0.37 on a 3-year window (1 year: 0.24, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is MNPR a good diversifier for CANG?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: CANG correlations · MNPR correlations
