LRN vs MNOV: Correlation
Stride, Inc. (LRN) and MediciNova, Inc. (MNOV) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LRN and MNOV?
Across a 3-year window, the weekly returns of LRN and MNOV correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.59 versus -0.31 over 3 years. Stretching to 5 years gives -0.23, with an annualized covariance of -954.0 %².
MNOV is close to the least connected end of LRN's tracked universe, ranking #14 of 16. The last year tells two different stories: MNOV led by 55.8 percentage points, -49.8% for LRN against +6.0% for MNOV.
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.
LRN vs MNOV: side by side
| LRN (Stride, Inc.) | MNOV (MediciNova, Inc.) | |
|---|---|---|
| 1-year return | -49.8% | +6.0% |
| 5-year return | +147.2% | -62.8% |
| Volatility (ann.) | 54.4% | 57.3% |
| Beta vs S&P 500 | 0.26 | 0.17 |
| Max drawdown (3Y) | -64.1% | -53.7% |
| Market cap | $3.5B | $0.1B |
| P/E (trailing) | 11.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LRN | MNOV |
|---|---|---|
| 2022 | -6.2% | -23.5% |
| 2023 | +89.8% | -26.8% |
| 2024 | +75.1% | +40.0% |
| 2025 | -37.5% | -37.6% |
| 2026 | +31.4% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LRN and MNOV good diversifiers for each other?
Yes. With a correlation of -0.31, LRN and MNOV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LRN and MNOV?
The LRN/MNOV correlation stands at -0.31 on a 3-year window (1 year: -0.59, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is MNOV a good diversifier for LRN?
Yes. With a correlation of -0.31, LRN and MNOV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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/lrn-vs-mnov.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lrn-vs-mnov/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LRN correlations · MNOV correlations
