HAO vs MNRO: Correlation
How closely do Haoxi Health Technology Limited - Class A Ord Share (HAO) and Monro, Inc. (MNRO) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and MNRO?
Across a 3-year window, the weekly returns of HAO and MNRO correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.38) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -35016.0 %².
MNRO is close to the least connected end of HAO's tracked universe, ranking #23 of 26. The last year tells two different stories: MNRO led by 74.2 percentage points, -97.9% for HAO against -23.7% for MNRO. Risk is not evenly split, since HAO carries 45.5 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.
HAO vs MNRO: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | MNRO (Monro, Inc.) | |
|---|---|---|
| 1-year return | -97.9% | -23.7% |
| 5-year return | n/a | -73.0% |
| Volatility (ann.) | 2273.9% | 50.0% |
| Beta vs S&P 500 | -2.44 | 0.93 |
| Max drawdown (3Y) | -100.0% | -61.6% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 53.3 |
| Dividend yield | 0.00% | 8.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAO | MNRO |
|---|---|---|
| 2022 | – | -20.6% |
| 2023 | – | -33.1% |
| 2024 | – | -12.0% |
| 2025 | +613.3% | -13.8% |
| 2026 | -97.7% | -35.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and MNRO good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between HAO and MNRO?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.38 over the last year and n/a over 5 years.
Is MNRO a good diversifier for HAO?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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/hao-vs-mnro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hao-vs-mnro/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HAO correlations · MNRO correlations
