MNST vs PARR: Correlation
Monster Beverage (MNST) and Par Pacific Holdings, Inc. (PARR) show a negative relationship: their 3-year correlation of weekly returns is -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and PARR?
On 3 years of weekly data the MNST/PARR correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.59 versus -0.38 over 3 years. The 5-year figure is -0.27, and annualized covariance runs at -1322.4 %².
Within MNST's tracked universe of 66 assets, PARR comes in at #46 by 3-year correlation. The last year tells two different stories: PARR led by 149.8 percentage points, -24.3% for MNST against +125.5% for PARR.
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.
MNST vs PARR: side by side
| MNST (Monster Beverage) | PARR (Par Pacific Holdings, Inc.) | |
|---|---|---|
| 1-year return | -24.3% | +125.5% |
| 5-year return | -4.5% | +375.6% |
| Volatility (ann.) | 68.6% | 51.3% |
| Beta vs S&P 500 | 0.80 | 0.13 |
| Max drawdown (3Y) | -54.5% | -69.7% |
| Market cap | $91.5B | $3.9B |
| P/E (trailing) | 43.2 | 4.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MNST | PARR |
|---|---|---|
| 2022 | +5.7% | +41.0% |
| 2023 | +13.5% | +56.4% |
| 2024 | -8.8% | -54.9% |
| 2025 | +45.9% | +114.4% |
| 2026 | -39.1% | +119.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and PARR good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNST and PARR?
As of 2026-08-27, the correlation of weekly returns between MNST and PARR is -0.38 over 3 years, -0.59 over 1 year and -0.27 over 5 years.
Is PARR a good diversifier for MNST?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mnst-vs-parr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnst-vs-parr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MNST correlations · PARR correlations
