HWM vs MNDR: Correlation
Measured on weekly returns over the past three years, Howmet Aerospace (HWM) and Mobile-health Network Solutions - Class A (MNDR) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWM and MNDR?
Across a 3-year window, the weekly returns of HWM and MNDR correlate at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -989.7 %².
MNDR is close to the least connected end of HWM's tracked universe, ranking #31 of 35. The last year tells two different stories: HWM led by 147.6 percentage points, +52.7% for HWM against -94.9% for MNDR. Risk is not evenly split, since MNDR carries 5.0 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.
HWM vs MNDR: side by side
| HWM (Howmet Aerospace) | MNDR (Mobile-health Network Solutions - Class A) | |
|---|---|---|
| 1-year return | +52.7% | -94.9% |
| 5-year return | +754.4% | n/a |
| Volatility (ann.) | 32.1% | 161.8% |
| Beta vs S&P 500 | 1.24 | -0.61 |
| Max drawdown (3Y) | -19.4% | -100.0% |
| Market cap | $106.7B | – |
| P/E (trailing) | 58.2 | – |
| Dividend yield | 0.18% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | HWM | MNDR |
|---|---|---|
| 2022 | +24.2% | – |
| 2023 | +37.8% | – |
| 2024 | +102.7% | – |
| 2025 | +88.0% | -93.0% |
| 2026 | +30.7% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWM and MNDR good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between HWM and MNDR?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.11 over the last year and n/a over 5 years.
Is MNDR a good diversifier for HWM?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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/hwm-vs-mndr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hwm-vs-mndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HWM correlations · MNDR correlations
