MNDR vs PHG: Correlation
How closely do Mobile-health Network Solutions - Class A (MNDR) and Koninklijke Philips N.V. NY Registry Shares (PHG) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and PHG?
Across a 3-year window, the weekly returns of MNDR and PHG correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1650.3 %².
Among the 40 assets we track against MNDR, PHG sits near the bottom by co-movement, at rank #37. Correlation aside, the last 12 months split them widely, with PHG ahead by 95.9 points (-94.9% versus +1.0%). Note the risk asymmetry: MNDR runs 4.8 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 PHG: side by side
| MNDR (Mobile-health Network Solutions - Class A) | PHG (Koninklijke Philips N.V. NY Registry Shares) | |
|---|---|---|
| 1-year return | -94.9% | +1.0% |
| 5-year return | n/a | -32.8% |
| Volatility (ann.) | 161.8% | 33.4% |
| Beta vs S&P 500 | -0.61 | 0.92 |
| Max drawdown (3Y) | -100.0% | -33.8% |
| Market cap | – | $26.3B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 0.00% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDR | PHG |
|---|---|---|
| 2022 | – | -57.6% |
| 2023 | – | +55.6% |
| 2024 | – | +8.5% |
| 2025 | -93.0% | +11.2% |
| 2026 | -68.6% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and PHG good diversifiers for each other?
Yes. With a correlation of -0.30, MNDR and PHG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNDR and PHG?
As of 2026-08-27, the correlation of weekly returns between MNDR and PHG is -0.30 over 3 years, -0.24 over 1 year and n/a over 5 years.
Is PHG a good diversifier for MNDR?
Yes. With a correlation of -0.30, MNDR and PHG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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
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Related comparisons
Hubs: MNDR correlations · PHG correlations
