MBC vs MNDO: Correlation
How closely do MasterBrand, Inc. (MBC) and MIND C.T.I. Ltd. (MNDO) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBC and MNDO?
On 3 years of weekly data the MBC/MNDO correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 374.8 %².
Among the 19 assets we track against MBC, MNDO sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months MNDO outperformed by 18.7 percentage points (-33.8% for MBC against -15.1% for MNDO). Note the risk asymmetry: MBC runs 1.8 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.
MBC vs MNDO: side by side
| MBC (MasterBrand, Inc.) | MNDO (MIND C.T.I. Ltd.) | |
|---|---|---|
| 1-year return | -33.8% | -15.1% |
| 5-year return | n/a | -51.6% |
| Volatility (ann.) | 43.7% | 24.9% |
| Beta vs S&P 500 | 1.16 | 0.32 |
| Max drawdown (3Y) | -64.7% | -54.6% |
| Market cap | $1.8B | – |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBC | MNDO |
|---|---|---|
| 2022 | – | -26.5% |
| 2023 | +96.7% | +4.2% |
| 2024 | -1.6% | +13.1% |
| 2025 | -24.4% | -34.9% |
| 2026 | -21.6% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBC and MNDO good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MBC and MNDO?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.41 over the last year and 0.34 over 5 years.
Is MNDO a good diversifier for MBC?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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/mbc-vs-mndo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mbc-vs-mndo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBC correlations · MNDO correlations
