ENR vs MNDR: Correlation
Energizer Holdings, Inc. (ENR) and Mobile-health Network Solutions - Class A (MNDR) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENR and MNDR?
Across a 3-year window, the weekly returns of ENR and MNDR correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.51) than the 3-year average (-0.27). Stretching to 5 years gives n/a, with an annualized covariance of -1962.1 %².
MNDR is close to the least connected end of ENR's tracked universe, ranking #12 of 13. Their recent paths diverged sharply: over the last 12 months ENR outperformed by 78.5 percentage points (-16.4% for ENR against -94.9% for MNDR). One caveat on sizing: MNDR is 3.9 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.
ENR vs MNDR: side by side
| ENR (Energizer Holdings, Inc.) | MNDR (Mobile-health Network Solutions - Class A) | |
|---|---|---|
| 1-year return | -16.4% | -94.9% |
| 5-year return | -30.7% | n/a |
| Volatility (ann.) | 41.2% | 161.8% |
| Beta vs S&P 500 | 0.78 | -0.61 |
| Max drawdown (3Y) | -56.1% | -100.0% |
| Market cap | $1.5B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 5.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENR | MNDR |
|---|---|---|
| 2022 | -13.2% | – |
| 2023 | -2.2% | – |
| 2024 | +14.4% | – |
| 2025 | -40.1% | -93.0% |
| 2026 | +16.3% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENR and MNDR good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENR and MNDR?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.51 over the last year and n/a over 5 years.
Is MNDR a good diversifier for ENR?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/enr-vs-mndr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/enr-vs-mndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENR correlations · MNDR correlations
