MNDR vs MPTI: Correlation
Mobile-health Network Solutions - Class A (MNDR) and M-tron Industries, Inc. (MPTI) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and MPTI?
Across a 3-year window, the weekly returns of MNDR and MPTI correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -2057.9 %².
Among the 40 assets we track against MNDR, MPTI ranks #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MPTI outperformed by 168.8 percentage points (-94.9% for MNDR against +73.9% for MPTI). Risk is not evenly split, since MNDR carries 2.4 times the volatility of the other side.
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.
MNDR vs MPTI: side by side
| MNDR (Mobile-health Network Solutions - Class A) | MPTI (M-tron Industries, Inc.) | |
|---|---|---|
| 1-year return | -94.9% | +73.9% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 161.8% | 68.5% |
| Beta vs S&P 500 | -0.61 | 1.51 |
| Max drawdown (3Y) | -100.0% | -50.0% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 31.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDR | MPTI |
|---|---|---|
| 2023 | – | +308.0% |
| 2024 | – | +35.7% |
| 2025 | -93.0% | +9.9% |
| 2026 | -68.6% | +47.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and MPTI good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNDR and MPTI?
The MNDR/MPTI correlation stands at -0.22 on a 3-year window (1 year: -0.14, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MPTI a good diversifier for MNDR?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mndr-vs-mpti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mndr-vs-mpti/)
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Related comparisons
Hubs: MNDR correlations · MPTI correlations
