MNDR vs TTEK: Correlation
How closely do Mobile-health Network Solutions - Class A (MNDR) and Tetra Tech, Inc. (TTEK) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and TTEK?
Across a 3-year window, the weekly returns of MNDR and TTEK correlate at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.26 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1320.8 %².
By 3-year correlation, TTEK places #30 of the 40 assets tracked against MNDR. The last year tells two different stories: TTEK led by 94.8 percentage points, -94.9% for MNDR against -0.1% for TTEK. Risk is not evenly split, since MNDR carries 5.3 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 TTEK: side by side
| MNDR (Mobile-health Network Solutions - Class A) | TTEK (Tetra Tech, Inc.) | |
|---|---|---|
| 1-year return | -94.9% | -0.1% |
| 5-year return | n/a | +32.3% |
| Volatility (ann.) | 161.8% | 30.3% |
| Beta vs S&P 500 | -0.61 | 0.54 |
| Max drawdown (3Y) | -100.0% | -47.5% |
| Market cap | – | $9.4B |
| P/E (trailing) | – | 22.1 |
| Dividend yield | 0.00% | 0.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDR | TTEK |
|---|---|---|
| 2022 | – | -14.0% |
| 2023 | – | +15.7% |
| 2024 | – | +20.0% |
| 2025 | -93.0% | -15.2% |
| 2026 | -68.6% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and TTEK good diversifiers for each other?
Yes. With a correlation of -0.26, MNDR and TTEK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNDR and TTEK?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.27 over the last year and n/a over 5 years.
Is TTEK a good diversifier for MNDR?
Yes. With a correlation of -0.26, MNDR and TTEK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-ttek.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mndr-vs-ttek/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNDR correlations · TTEK correlations
