MNRO vs RCON: Correlation
How closely do Monro, Inc. (MNRO) and Recon Technology, Ltd. - Class A (RCON) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNRO and RCON?
Over the past 3 years, MNRO and RCON moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.31). Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -215141.9 %².
Out of 11 assets tracked against MNRO, RCON lands near the bottom at #10. Their 12-month results are close: -23.7% for MNRO against -22.6% for RCON. Note the risk asymmetry: RCON runs 274.6 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.
MNRO vs RCON: side by side
| MNRO (Monro, Inc.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -23.7% | -22.6% |
| 5-year return | -73.0% | -97.1% |
| Volatility (ann.) | 50.0% | 13728.9% |
| Beta vs S&P 500 | 0.93 | 22.04 |
| Max drawdown (3Y) | -61.6% | -100.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | 53.3 | – |
| Dividend yield | 8.88% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNRO | RCON |
|---|---|---|
| 2022 | -20.6% | -3.8% |
| 2023 | -33.1% | -81.7% |
| 2024 | -12.0% | -49.5% |
| 2025 | -13.8% | -24.4% |
| 2026 | -35.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNRO and RCON good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MNRO and RCON?
The MNRO/RCON correlation stands at -0.31 on a 3-year window (1 year: -0.45, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is RCON a good diversifier for MNRO?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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/mnro-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnro-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MNRO correlations · RCON correlations
