MNDR vs PACS: Correlation
How closely do Mobile-health Network Solutions - Class A (MNDR) and PACS Group, Inc. (PACS) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and PACS?
Over the past 3 years, MNDR and PACS moved with a correlation of 0.57, which is moderate. The link has tightened recently: the 1-year correlation (0.78) runs above the 3-year figure (0.57). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 11170.6 %².
Few assets follow MNDR as closely as PACS, which ranks #1 of 40 tracked partners. The last year tells two different stories: PACS led by 367.9 percentage points, -94.9% for MNDR against +273.0% for PACS.
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 PACS: side by side
| MNDR (Mobile-health Network Solutions - Class A) | PACS (PACS Group, Inc.) | |
|---|---|---|
| 1-year return | -94.9% | +273.0% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 161.8% | 120.5% |
| Beta vs S&P 500 | -0.61 | 0.06 |
| Max drawdown (3Y) | -100.0% | -82.0% |
| Market cap | – | $7.0B |
| P/E (trailing) | – | 25.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are MNDR and PACS good diversifiers for each other?
Only partially. A correlation of 0.57 means MNDR and PACS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MNDR and PACS?
As of 2026-08-27, the correlation of weekly returns between MNDR and PACS is 0.57 over 3 years, 0.78 over 1 year and n/a over 5 years.
Is PACS a good diversifier for MNDR?
Only partially. A correlation of 0.57 means MNDR and PACS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mndr-vs-pacs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mndr-vs-pacs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNDR correlations · PACS correlations
