GLMD vs MNST: Correlation
Measured on weekly returns over the past three years, Galmed Pharmaceuticals Ltd. (GLMD) and Monster Beverage (MNST) carry a correlation of -0.61, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLMD and MNST?
Over the past 3 years, GLMD and MNST moved with a correlation of -0.61, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.67 over 1 year against -0.61 over 3. Over 5 years the correlation is -0.58, and the annualized covariance of weekly returns is -26119.6 %².
Out of 10 assets tracked against GLMD, MNST lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with GLMD ahead by 234.1 points (+209.8% versus -24.3%). Note the risk asymmetry: GLMD runs 9.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GLMD vs MNST: side by side
| GLMD (Galmed Pharmaceuticals Ltd.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | +209.8% | -24.3% |
| 5-year return | -99.3% | -4.5% |
| Volatility (ann.) | 619.4% | 68.6% |
| Beta vs S&P 500 | 2.45 | 0.80 |
| Max drawdown (3Y) | -96.9% | -54.5% |
| Market cap | – | $91.5B |
| P/E (trailing) | – | 43.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | GLMD | MNST |
|---|---|---|
| 2022 | -72.5% | +5.7% |
| 2023 | -93.9% | +13.5% |
| 2024 | -41.6% | -8.8% |
| 2025 | -76.5% | +45.9% |
| 2026 | +473.3% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLMD and MNST good diversifiers for each other?
Yes: at -0.61, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GLMD and MNST?
As of 2026-08-27, the correlation of weekly returns between GLMD and MNST is -0.61 over 3 years, -0.67 over 1 year and -0.58 over 5 years.
Is MNST a good diversifier for GLMD?
Yes: at -0.61, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.61 mean?
A reading of -0.61 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/glmd-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glmd-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLMD correlations · MNST correlations
