MNDR vs SWAG: Correlation
How closely do Mobile-health Network Solutions - Class A (MNDR) and Stran & Company, Inc. (SWAG) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and SWAG?
On 3 years of weekly data the MNDR/SWAG correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.50) runs below the 3-year figure (-0.28). The 5-year figure is n/a, and annualized covariance runs at -2716.4 %².
By 3-year correlation, SWAG places #35 of the 40 assets tracked against MNDR. Their recent paths diverged sharply: over the last 12 months SWAG outperformed by 100.5 percentage points (-94.9% for MNDR against +5.6% for SWAG). Note the risk asymmetry: MNDR runs 2.7 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 SWAG: side by side
| MNDR (Mobile-health Network Solutions - Class A) | SWAG (Stran & Company, Inc.) | |
|---|---|---|
| 1-year return | -94.9% | +5.6% |
| 5-year return | n/a | -56.8% |
| Volatility (ann.) | 161.8% | 59.3% |
| Beta vs S&P 500 | -0.61 | 1.00 |
| Max drawdown (3Y) | -100.0% | -56.0% |
| Market cap | – | – |
| P/E (trailing) | – | 171.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDR | SWAG |
|---|---|---|
| 2022 | – | -77.9% |
| 2023 | – | +10.4% |
| 2024 | – | -39.2% |
| 2025 | -93.0% | +84.4% |
| 2026 | -68.6% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and SWAG good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNDR and SWAG?
The MNDR/SWAG correlation stands at -0.28 on a 3-year window (1 year: -0.50, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SWAG a good diversifier for MNDR?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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-swag.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mndr-vs-swag/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MNDR correlations · SWAG correlations
