MNDR vs NFLX: Correlation
Mobile-health Network Solutions - Class A (MNDR) and Netflix (NFLX) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and NFLX?
On 3 years of weekly data the MNDR/NFLX correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -953.3 %².
Within MNDR's tracked universe of 40 assets, NFLX comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NFLX outperformed by 60.2 percentage points (-94.9% for MNDR against -34.7% for NFLX). One caveat on sizing: MNDR is 4.6 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.
MNDR vs NFLX: side by side
| MNDR (Mobile-health Network Solutions - Class A) | NFLX (Netflix) | |
|---|---|---|
| 1-year return | -94.9% | -34.7% |
| 5-year return | n/a | +41.0% |
| Volatility (ann.) | 161.8% | 35.2% |
| Beta vs S&P 500 | -0.61 | 0.99 |
| Max drawdown (3Y) | -100.0% | -49.5% |
| Market cap | – | $332.4B |
| P/E (trailing) | – | 25.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | MNDR | NFLX |
|---|---|---|
| 2022 | – | -51.1% |
| 2023 | – | +65.1% |
| 2024 | – | +83.1% |
| 2025 | -93.0% | +5.2% |
| 2026 | -68.6% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and NFLX good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNDR and NFLX?
The MNDR/NFLX correlation stands at -0.17 on a 3-year window (1 year: -0.17, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NFLX a good diversifier for MNDR?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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-nflx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mndr-vs-nflx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNDR correlations · NFLX correlations
