LE vs MNDR: Correlation
How closely do Lands' End, Inc. (LE) and Mobile-health Network Solutions - Class A (MNDR) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LE and MNDR?
Over the past 3 years, LE and MNDR moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1759.2 %².
Out of 11 assets tracked against LE, MNDR lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with LE ahead by 75.8 points (-19.1% versus -94.9%). Note the risk asymmetry: MNDR runs 2.9 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.
LE vs MNDR: side by side
| LE (Lands' End, Inc.) | MNDR (Mobile-health Network Solutions - Class A) | |
|---|---|---|
| 1-year return | -19.1% | -94.9% |
| 5-year return | -66.7% | n/a |
| Volatility (ann.) | 56.5% | 161.8% |
| Beta vs S&P 500 | 1.15 | -0.61 |
| Max drawdown (3Y) | -61.1% | -100.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | 1.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LE | MNDR |
|---|---|---|
| 2022 | -61.3% | – |
| 2023 | +26.0% | – |
| 2024 | +37.4% | – |
| 2025 | +10.5% | -93.0% |
| 2026 | -18.1% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LE and MNDR good diversifiers for each other?
Yes. With a correlation of -0.20, LE and MNDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LE and MNDR?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.30 over the last year and n/a over 5 years.
Is MNDR a good diversifier for LE?
Yes. With a correlation of -0.20, LE and MNDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/le-vs-mndr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/le-vs-mndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LE correlations · MNDR correlations
