MNPR vs PANW: Correlation
How closely do Monopar Therapeutics Inc. (MNPR) and Palo Alto Networks (PANW) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNPR and PANW?
Across a 3-year window, the weekly returns of MNPR and PANW correlate at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.20) than the 3-year average (-0.19). Stretching to 5 years gives -0.17, with an annualized covariance of -1823.8 %².
By 3-year correlation, PANW places #10 of the 16 assets tracked against MNPR. The last year tells two different stories: MNPR led by 123.2 percentage points, +227.3% for MNPR against +104.1% for PANW. Risk is not evenly split, since MNPR carries 5.4 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.
MNPR vs PANW: side by side
| MNPR (Monopar Therapeutics Inc.) | PANW (Palo Alto Networks) | |
|---|---|---|
| 1-year return | +227.3% | +104.1% |
| 5-year return | +365.1% | +400.7% |
| Volatility (ann.) | 225.0% | 42.0% |
| Beta vs S&P 500 | 1.74 | 1.32 |
| Max drawdown (3Y) | -67.3% | -36.0% |
| Market cap | $0.8B | $312.0B |
| P/E (trailing) | – | 294.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | MNPR | PANW |
|---|---|---|
| 2022 | -26.2% | -24.8% |
| 2023 | -85.7% | +111.3% |
| 2024 | +1194.1% | +23.4% |
| 2025 | +196.8% | +1.2% |
| 2026 | +74.5% | +107.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNPR and PANW good diversifiers for each other?
Yes. With a correlation of -0.19, MNPR and PANW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNPR and PANW?
As of 2026-08-27, the correlation of weekly returns between MNPR and PANW is -0.19 over 3 years, 0.20 over 1 year and -0.17 over 5 years.
Is PANW a good diversifier for MNPR?
Yes. With a correlation of -0.19, MNPR and PANW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mnpr-vs-panw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnpr-vs-panw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MNPR correlations · PANW correlations
