FISV vs MNOV: Correlation
Fiserv (FISV) and MediciNova, Inc. (MNOV) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and MNOV?
Across a 3-year window, the weekly returns of FISV and MNOV correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.11, with an annualized covariance of -500.7 %².
By 3-year correlation, MNOV places #28 of the 39 assets tracked against FISV. Correlation aside, the last 12 months split them widely, with MNOV ahead by 67.9 points (-61.9% versus +6.0%).
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.
FISV vs MNOV: side by side
| FISV (Fiserv) | MNOV (MediciNova, Inc.) | |
|---|---|---|
| 1-year return | -61.9% | +6.0% |
| 5-year return | -55.0% | -62.8% |
| Volatility (ann.) | 39.2% | 57.3% |
| Beta vs S&P 500 | 0.58 | 0.17 |
| Max drawdown (3Y) | -80.2% | -53.7% |
| Market cap | $28.0B | $0.1B |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FISV | MNOV |
|---|---|---|
| 2022 | -2.6% | -23.5% |
| 2023 | +31.4% | -26.8% |
| 2024 | +54.6% | +40.0% |
| 2025 | -67.3% | -37.6% |
| 2026 | -21.7% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and MNOV good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between FISV and MNOV?
The FISV/MNOV correlation stands at -0.22 on a 3-year window (1 year: -0.37, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is MNOV a good diversifier for FISV?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/fisv-vs-mnov.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fisv-vs-mnov/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FISV correlations · MNOV correlations
