MNDR vs PRDO: Correlation
Measured on weekly returns over the past three years, Mobile-health Network Solutions - Class A (MNDR) and Perdoceo Education Corporation (PRDO) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and PRDO?
Across a 3-year window, the weekly returns of MNDR and PRDO correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.23 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1505.1 %².
Among the 40 assets we track against MNDR, PRDO ranks #26 by 3-year correlation. The last year tells two different stories: PRDO led by 99.8 percentage points, -94.9% for MNDR against +4.9% for PRDO. Risk is not evenly split, since MNDR carries 4.4 times the volatility of the other side.
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 PRDO: side by side
| MNDR (Mobile-health Network Solutions - Class A) | PRDO (Perdoceo Education Corporation) | |
|---|---|---|
| 1-year return | -94.9% | +4.9% |
| 5-year return | n/a | +228.8% |
| Volatility (ann.) | 161.8% | 36.8% |
| Beta vs S&P 500 | -0.61 | 0.42 |
| Max drawdown (3Y) | -100.0% | -27.2% |
| Market cap | – | $2.1B |
| P/E (trailing) | – | 12.2 |
| Dividend yield | 0.00% | 1.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDR | PRDO |
|---|---|---|
| 2022 | – | +18.2% |
| 2023 | – | +28.0% |
| 2024 | – | +54.0% |
| 2025 | -93.0% | +12.9% |
| 2026 | -68.6% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and PRDO good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MNDR and PRDO?
The MNDR/PRDO correlation stands at -0.23 on a 3-year window (1 year: -0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PRDO a good diversifier for MNDR?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-prdo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mndr-vs-prdo/)
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Related comparisons
Hubs: MNDR correlations · PRDO correlations
