MNDR vs OLMA: Correlation
Mobile-health Network Solutions - Class A (MNDR) and Olema Pharmaceuticals, Inc. (OLMA) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and OLMA?
Across a 3-year window, the weekly returns of MNDR and OLMA correlate at 0.52, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.73 versus 0.52 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 12053.4 %².
Few assets follow MNDR as closely as OLMA, which ranks #2 of 40 tracked partners. The last year tells two different stories: OLMA led by 182.9 percentage points, -94.9% for MNDR against +88.0% for OLMA.
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 OLMA: side by side
| MNDR (Mobile-health Network Solutions - Class A) | OLMA (Olema Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -94.9% | +88.0% |
| 5-year return | n/a | -64.1% |
| Volatility (ann.) | 161.8% | 133.2% |
| Beta vs S&P 500 | -0.61 | 1.18 |
| Max drawdown (3Y) | -100.0% | -82.1% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDR | OLMA |
|---|---|---|
| 2022 | – | -73.8% |
| 2023 | – | +472.7% |
| 2024 | – | -58.4% |
| 2025 | -93.0% | +328.8% |
| 2026 | -68.6% | -56.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and OLMA good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MNDR and OLMA?
As of 2026-08-27, the correlation of weekly returns between MNDR and OLMA is 0.52 over 3 years, 0.73 over 1 year and n/a over 5 years.
Is OLMA a good diversifier for MNDR?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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/mndr-vs-olma.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mndr-vs-olma/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNDR correlations · OLMA correlations
