MNDR vs PEG: Correlation
Measured on weekly returns over the past three years, Mobile-health Network Solutions - Class A (MNDR) and Public Service Enterprise Group (PEG) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and PEG?
Over the past 3 years, MNDR and PEG moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.20 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -621.6 %².
Among the 40 assets we track against MNDR, PEG ranks #16 by 3-year correlation. The last year tells two different stories: PEG led by 86.3 percentage points, -94.9% for MNDR against -8.6% for PEG. Note the risk asymmetry: MNDR runs 8.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PEG: side by side
| MNDR (Mobile-health Network Solutions - Class A) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | -94.9% | -8.6% |
| 5-year return | n/a | +34.9% |
| Volatility (ann.) | 161.8% | 18.9% |
| Beta vs S&P 500 | -0.61 | 0.25 |
| Max drawdown (3Y) | -100.0% | -18.8% |
| Market cap | – | $36.5B |
| P/E (trailing) | – | 18.4 |
| Dividend yield | 0.00% | 3.51% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | MNDR | PEG |
|---|---|---|
| 2022 | – | -5.1% |
| 2023 | – | +3.6% |
| 2024 | – | +42.6% |
| 2025 | -93.0% | -1.9% |
| 2026 | -68.6% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and PEG good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MNDR and PEG?
The MNDR/PEG correlation stands at -0.20 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PEG a good diversifier for MNDR?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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-peg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mndr-vs-peg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MNDR correlations · PEG correlations
