MNPR vs TK: Correlation
Measured on weekly returns over the past three years, Monopar Therapeutics Inc. (MNPR) and Teekay Corporation Ltd. (TK) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNPR and TK?
Across a 3-year window, the weekly returns of MNPR and TK correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -1769.8 %².
TK is close to the least connected end of MNPR's tracked universe, ranking #12 of 16. Correlation aside, the last 12 months split them widely, with MNPR ahead by 156.9 points (+227.3% versus +70.4%). Note the risk asymmetry: MNPR runs 6.2 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 TK: side by side
| MNPR (Monopar Therapeutics Inc.) | TK (Teekay Corporation Ltd.) | |
|---|---|---|
| 1-year return | +227.3% | +70.4% |
| 5-year return | +365.1% | +508.0% |
| Volatility (ann.) | 225.0% | 36.4% |
| Beta vs S&P 500 | 1.74 | 0.60 |
| Max drawdown (3Y) | -67.3% | -32.2% |
| Market cap | $0.8B | $1.1B |
| P/E (trailing) | – | 5.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNPR | TK |
|---|---|---|
| 2022 | -26.2% | +44.6% |
| 2023 | -85.7% | +57.5% |
| 2024 | +1194.1% | +11.5% |
| 2025 | +196.8% | +48.2% |
| 2026 | +74.5% | +52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNPR and TK good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MNPR and TK?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.25 over the last year and -0.14 over 5 years.
Is TK a good diversifier for MNPR?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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-tk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnpr-vs-tk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNPR correlations · TK correlations
