FRHC vs MOH: Correlation
Measured on weekly returns over the past three years, Freedom Holding Corp. (FRHC) and Molina Healthcare Inc (MOH) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRHC and MOH?
Across a 3-year window, the weekly returns of FRHC and MOH correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.10, with an annualized covariance of -426.3 %².
Among the 12 assets we track against FRHC, MOH sits near the bottom by co-movement, at rank #9. On 12-month performance MOH holds a 14.7-point edge, -1.9% against +12.8%.
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.
FRHC vs MOH: side by side
| FRHC (Freedom Holding Corp.) | MOH (Molina Healthcare Inc) | |
|---|---|---|
| 1-year return | -1.9% | +12.8% |
| 5-year return | +163.7% | -25.1% |
| Volatility (ann.) | 39.9% | 44.8% |
| Beta vs S&P 500 | 0.87 | -0.03 |
| Max drawdown (3Y) | -41.1% | -70.8% |
| Market cap | $10.9B | $10.4B |
| P/E (trailing) | 71.1 | 1242.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRHC | MOH |
|---|---|---|
| 2022 | -16.0% | +3.8% |
| 2023 | +38.4% | +9.4% |
| 2024 | +62.1% | -19.4% |
| 2025 | -6.9% | -40.4% |
| 2026 | +40.3% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRHC and MOH good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between FRHC and MOH?
The FRHC/MOH correlation stands at -0.24 on a 3-year window (1 year: -0.18, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is MOH a good diversifier for FRHC?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/frhc-vs-moh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frhc-vs-moh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRHC correlations · MOH correlations
