LIVE vs MNDO: Correlation
How closely do Live Ventures Incorporated (LIVE) and MIND C.T.I. Ltd. (MNDO) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIVE and MNDO?
Over the past 3 years, LIVE and MNDO moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.24 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -573.0 %².
MNDO is close to the least connected end of LIVE's tracked universe, ranking #13 of 15. Their recent paths diverged sharply: over the last 12 months MNDO outperformed by 38.0 percentage points (-53.1% for LIVE against -15.1% for MNDO). Note the risk asymmetry: LIVE runs 3.8 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.
LIVE vs MNDO: side by side
| LIVE (Live Ventures Incorporated) | MNDO (MIND C.T.I. Ltd.) | |
|---|---|---|
| 1-year return | -53.1% | -15.1% |
| 5-year return | -76.0% | -51.6% |
| Volatility (ann.) | 94.6% | 24.9% |
| Beta vs S&P 500 | 0.30 | 0.32 |
| Max drawdown (3Y) | -76.8% | -54.6% |
| Market cap | – | – |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIVE | MNDO |
|---|---|---|
| 2022 | -0.7% | -26.5% |
| 2023 | -18.8% | +4.2% |
| 2024 | -63.3% | +13.1% |
| 2025 | +58.6% | -34.9% |
| 2026 | -37.1% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIVE and MNDO good diversifiers for each other?
Yes. With a correlation of -0.24, LIVE and MNDO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LIVE and MNDO?
The LIVE/MNDO correlation stands at -0.24 on a 3-year window (1 year: -0.01, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is MNDO a good diversifier for LIVE?
Yes. With a correlation of -0.24, LIVE and MNDO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/live-vs-mndo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/live-vs-mndo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LIVE correlations · MNDO correlations
