MNDO vs WBUY: Correlation
How closely do MIND C.T.I. Ltd. (MNDO) and WEBUY GLOBAL LTD. - Class A (WBUY) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDO and WBUY?
On 3 years of weekly data the MNDO/WBUY correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.26 over 3. The 5-year figure is n/a, and annualized covariance runs at -1298.7 %².
Among the 14 assets we track against MNDO, WBUY sits near the bottom by co-movement, at rank #13. The last year tells two different stories: MNDO led by 57.5 percentage points, -15.1% for MNDO against -72.6% for WBUY. One caveat on sizing: WBUY is 7.8 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 WBUY: side by side
| MNDO (MIND C.T.I. Ltd.) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | -15.1% | -72.6% |
| 5-year return | -51.6% | n/a |
| Volatility (ann.) | 24.9% | 193.8% |
| Beta vs S&P 500 | 0.32 | 1.81 |
| Max drawdown (3Y) | -54.6% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDO | WBUY |
|---|---|---|
| 2022 | -26.5% | – |
| 2023 | +4.2% | – |
| 2024 | +13.1% | -66.1% |
| 2025 | -34.9% | -93.7% |
| 2026 | -12.2% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDO and WBUY good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNDO and WBUY?
As of 2026-08-27, the correlation of weekly returns between MNDO and WBUY is -0.26 over 3 years, -0.22 over 1 year and n/a over 5 years.
Is WBUY a good diversifier for MNDO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MNDO correlations · WBUY correlations
