MNDR vs THC: Correlation
How closely do Mobile-health Network Solutions - Class A (MNDR) and Tenet Healthcare Corporation (THC) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and THC?
Over the past 3 years, MNDR and THC moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.27 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1969.0 %².
By 3-year correlation, THC places #34 of the 40 assets tracked against MNDR. Correlation aside, the last 12 months split them widely, with THC ahead by 142.1 points (-94.9% versus +47.2%). Risk is not evenly split, since MNDR carries 3.7 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 THC: side by side
| MNDR (Mobile-health Network Solutions - Class A) | THC (Tenet Healthcare Corporation) | |
|---|---|---|
| 1-year return | -94.9% | +47.2% |
| 5-year return | n/a | +254.8% |
| Volatility (ann.) | 161.8% | 43.5% |
| Beta vs S&P 500 | -0.61 | 1.01 |
| Max drawdown (3Y) | -100.0% | -34.5% |
| Market cap | – | $21.6B |
| P/E (trailing) | – | 10.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDR | THC |
|---|---|---|
| 2022 | – | -40.3% |
| 2023 | – | +54.9% |
| 2024 | – | +67.0% |
| 2025 | -93.0% | +57.4% |
| 2026 | -68.6% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and THC good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNDR and THC?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.20 over the last year and n/a over 5 years.
Is THC a good diversifier for MNDR?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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
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Related comparisons
Hubs: MNDR correlations · THC correlations
