JAZZ vs MNDR: Correlation
Measured on weekly returns over the past three years, Jazz Pharmaceuticals plc (JAZZ) and Mobile-health Network Solutions - Class A (MNDR) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JAZZ and MNDR?
Over the past 3 years, JAZZ and MNDR moved with a correlation of 0.40, which is moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.40). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2306.3 %².
Among the 14 assets we track against JAZZ, MNDR ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JAZZ ahead by 196.7 points (+101.8% versus -94.9%). Risk is not evenly split, since MNDR carries 4.7 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.
JAZZ vs MNDR: side by side
| JAZZ (Jazz Pharmaceuticals plc) | MNDR (Mobile-health Network Solutions - Class A) | |
|---|---|---|
| 1-year return | +101.8% | -94.9% |
| 5-year return | +90.9% | n/a |
| Volatility (ann.) | 34.6% | 161.8% |
| Beta vs S&P 500 | 0.60 | -0.61 |
| Max drawdown (3Y) | -32.7% | -100.0% |
| Market cap | $16.3B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JAZZ | MNDR |
|---|---|---|
| 2022 | +25.0% | – |
| 2023 | -22.8% | – |
| 2024 | +0.1% | – |
| 2025 | +38.0% | -93.0% |
| 2026 | +47.7% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JAZZ and MNDR good diversifiers for each other?
Reasonably. At 0.40, JAZZ and MNDR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JAZZ and MNDR?
The JAZZ/MNDR correlation stands at 0.40 on a 3-year window (1 year: 0.64, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MNDR a good diversifier for JAZZ?
Reasonably. At 0.40, JAZZ and MNDR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: JAZZ correlations · MNDR correlations
