MNST vs RCEL: Correlation
Measured on weekly returns over the past three years, Monster Beverage (MNST) and Avita Medical, Inc. (RCEL) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and RCEL?
On 3 years of weekly data the MNST/RCEL correlation comes out at 0.41, moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.41). The 5-year figure is 0.36, and annualized covariance runs at 2584.7 %².
Within MNST's tracked universe of 66 assets, RCEL comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RCEL ahead by 152.1 points (-24.3% versus +127.8%).
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 RCEL: side by side
| MNST (Monster Beverage) | RCEL (Avita Medical, Inc.) | |
|---|---|---|
| 1-year return | -24.3% | +127.8% |
| 5-year return | -4.5% | -48.7% |
| Volatility (ann.) | 68.6% | 91.0% |
| Beta vs S&P 500 | 0.80 | 2.01 |
| Max drawdown (3Y) | -54.5% | -82.1% |
| Market cap | $91.5B | $0.3B |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MNST | RCEL |
|---|---|---|
| 2022 | +5.7% | -44.9% |
| 2023 | +13.5% | +107.9% |
| 2024 | -8.8% | -6.7% |
| 2025 | +45.9% | -73.0% |
| 2026 | -39.1% | +199.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and RCEL good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MNST and RCEL?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.57 over the last year and 0.36 over 5 years.
Is RCEL a good diversifier for MNST?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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-rcel.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mnst-vs-rcel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNST correlations · RCEL correlations
