J vs MNDR: Correlation
Measured on weekly returns over the past three years, Jacobs Solutions (J) and Mobile-health Network Solutions - Class A (MNDR) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are J and MNDR?
Over the past 3 years, J and MNDR moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.50 versus -0.32 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1377.6 %².
Out of 34 assets tracked against J, MNDR lands near the bottom at #32. Their recent paths diverged sharply: over the last 12 months J outperformed by 97.5 percentage points (+2.6% for J against -94.9% for MNDR). Note the risk asymmetry: MNDR runs 6.3 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.
J vs MNDR: side by side
| J (Jacobs Solutions) | MNDR (Mobile-health Network Solutions - Class A) | |
|---|---|---|
| 1-year return | +2.6% | -94.9% |
| 5-year return | +40.5% | n/a |
| Volatility (ann.) | 25.7% | 161.8% |
| Beta vs S&P 500 | 0.77 | -0.61 |
| Max drawdown (3Y) | -34.4% | -100.0% |
| Market cap | $17.6B | – |
| P/E (trailing) | 49.9 | – |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | J | MNDR |
|---|---|---|
| 2022 | -13.1% | – |
| 2023 | +9.0% | – |
| 2024 | +24.2% | – |
| 2025 | +1.1% | -93.0% |
| 2026 | +14.6% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are J and MNDR good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between J and MNDR?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.50 over the last year and n/a over 5 years.
Is MNDR a good diversifier for J?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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/j-vs-mndr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/j-vs-mndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: J correlations · MNDR correlations
