MNPR vs NEM: Correlation
How closely do Monopar Therapeutics Inc. (MNPR) and Newmont (NEM) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNPR and NEM?
On 3 years of weekly data the MNPR/NEM correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.07) than the 3-year average (-0.17). The 5-year figure is -0.11, and annualized covariance runs at -1606.0 %².
By 3-year correlation, NEM places #9 of the 16 assets tracked against MNPR. The last year tells two different stories: MNPR led by 142.6 percentage points, +227.3% for MNPR against +84.7% for NEM. Note the risk asymmetry: MNPR runs 5.2 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.
MNPR vs NEM: side by side
| MNPR (Monopar Therapeutics Inc.) | NEM (Newmont) | |
|---|---|---|
| 1-year return | +227.3% | +84.7% |
| 5-year return | +365.1% | +165.9% |
| Volatility (ann.) | 225.0% | 43.0% |
| Beta vs S&P 500 | 1.74 | 0.87 |
| Max drawdown (3Y) | -67.3% | -36.6% |
| Market cap | $0.8B | $139.4B |
| P/E (trailing) | – | 16.6 |
| Dividend yield | 0.00% | 0.78% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | MNPR | NEM |
|---|---|---|
| 2022 | -26.2% | -20.8% |
| 2023 | -85.7% | -8.8% |
| 2024 | +1194.1% | -7.8% |
| 2025 | +196.8% | +172.8% |
| 2026 | +74.5% | +33.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNPR and NEM good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNPR and NEM?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.07 over the last year and -0.11 over 5 years.
Is NEM a good diversifier for MNPR?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: MNPR correlations · NEM correlations
