MNDO vs QNST: Correlation
How closely do MIND C.T.I. Ltd. (MNDO) and QuinStreet, Inc. (QNST) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDO and QNST?
Over the past 3 years, MNDO and QNST moved with a correlation of 0.39, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.39 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 470.9 %².
In MNDO's tracked universe of 14 assets, QNST sits right near the top at #1. The last year tells two different stories: QNST led by 36.5 percentage points, -15.1% for MNDO against +21.4% for QNST. One caveat on sizing: QNST is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MNDO vs QNST: side by side
| MNDO (MIND C.T.I. Ltd.) | QNST (QuinStreet, Inc.) | |
|---|---|---|
| 1-year return | -15.1% | +21.4% |
| 5-year return | -51.6% | +6.2% |
| Volatility (ann.) | 24.9% | 47.9% |
| Beta vs S&P 500 | 0.32 | 1.22 |
| Max drawdown (3Y) | -54.6% | -58.0% |
| Market cap | – | $1.1B |
| P/E (trailing) | 6.3 | 14.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDO | QNST |
|---|---|---|
| 2022 | -26.5% | -21.1% |
| 2023 | +4.2% | -10.7% |
| 2024 | +13.1% | +80.0% |
| 2025 | -34.9% | -37.7% |
| 2026 | -12.2% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDO and QNST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MNDO and QNST?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.52 over the last year and 0.25 over 5 years.
Is QNST a good diversifier for MNDO?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/mndo-vs-qnst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mndo-vs-qnst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MNDO correlations · QNST correlations
