MNPR vs SMP: Correlation
Measured on weekly returns over the past three years, Monopar Therapeutics Inc. (MNPR) and Standard Motor Products, Inc. (SMP) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNPR and SMP?
Over the past 3 years, MNPR and SMP moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus -0.24 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1945.5 %².
SMP is close to the least connected end of MNPR's tracked universe, ranking #14 of 16. Correlation aside, the last 12 months split them widely, with MNPR ahead by 230.0 points (+227.3% versus -2.7%). Risk is not evenly split, since MNPR carries 6.4 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 SMP: side by side
| MNPR (Monopar Therapeutics Inc.) | SMP (Standard Motor Products, Inc.) | |
|---|---|---|
| 1-year return | +227.3% | -2.7% |
| 5-year return | +365.1% | +1.1% |
| Volatility (ann.) | 225.0% | 35.3% |
| Beta vs S&P 500 | 1.74 | 0.75 |
| Max drawdown (3Y) | -67.3% | -44.8% |
| Market cap | $0.8B | $0.8B |
| P/E (trailing) | – | 9.4 |
| Dividend yield | 0.00% | 3.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNPR | SMP |
|---|---|---|
| 2022 | -26.2% | -31.8% |
| 2023 | -85.7% | +18.0% |
| 2024 | +1194.1% | -19.4% |
| 2025 | +196.8% | +23.4% |
| 2026 | +74.5% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNPR and SMP good diversifiers for each other?
Yes. With a correlation of -0.24, MNPR and SMP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNPR and SMP?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with 0.13 over the last year and -0.19 over 5 years.
Is SMP a good diversifier for MNPR?
Yes. With a correlation of -0.24, MNPR and SMP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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-smp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mnpr-vs-smp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MNPR correlations · SMP correlations
