MNDR vs PTN: Correlation
Measured on weekly returns over the past three years, Mobile-health Network Solutions - Class A (MNDR) and Palatin Technologies, Inc. (PTN) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and PTN?
Across a 3-year window, the weekly returns of MNDR and PTN correlate at 0.35, moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.35). Stretching to 5 years gives n/a, with an annualized covariance of 8514.2 %².
Within MNDR's tracked universe of 40 assets, PTN comes in at #5 by 3-year correlation. The last year tells two different stories: PTN led by 93.9 percentage points, -94.9% for MNDR against -1.0% for PTN.
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 PTN: side by side
| MNDR (Mobile-health Network Solutions - Class A) | PTN (Palatin Technologies, Inc.) | |
|---|---|---|
| 1-year return | -94.9% | -1.0% |
| 5-year return | n/a | -98.3% |
| Volatility (ann.) | 161.8% | 145.6% |
| Beta vs S&P 500 | -0.61 | 0.13 |
| Max drawdown (3Y) | -100.0% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | 95.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDR | PTN |
|---|---|---|
| 2022 | – | -79.9% |
| 2023 | – | +55.5% |
| 2024 | – | -72.1% |
| 2025 | -93.0% | -72.3% |
| 2026 | -68.6% | -31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and PTN good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MNDR and PTN?
The MNDR/PTN correlation stands at 0.35 on a 3-year window (1 year: 0.66, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PTN a good diversifier for MNDR?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-ptn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mndr-vs-ptn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNDR correlations · PTN correlations
