MNST vs SCKT: Correlation
Monster Beverage (MNST) and Socket Mobile, Inc. (SCKT) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and SCKT?
Over the past 3 years, MNST and SCKT moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.39 over 1 year against -0.36 over 3. Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -3181.9 %².
By 3-year correlation, SCKT places #44 of the 66 assets tracked against MNST. The trailing year gives MNST the advantage: -24.3% versus -29.8%, a 5.5-point spread. One caveat on sizing: SCKT is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SCKT: side by side
| MNST (Monster Beverage) | SCKT (Socket Mobile, Inc.) | |
|---|---|---|
| 1-year return | -24.3% | -29.8% |
| 5-year return | -4.5% | -89.6% |
| Volatility (ann.) | 68.6% | 128.9% |
| Beta vs S&P 500 | 0.80 | 0.82 |
| Max drawdown (3Y) | -54.5% | -75.9% |
| Market cap | $91.5B | – |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MNST | SCKT |
|---|---|---|
| 2022 | +5.7% | -52.7% |
| 2023 | +13.5% | -39.9% |
| 2024 | -8.8% | +14.7% |
| 2025 | +45.9% | -23.3% |
| 2026 | -39.1% | -29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and SCKT good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNST and SCKT?
As of 2026-08-27, the correlation of weekly returns between MNST and SCKT is -0.36 over 3 years, -0.39 over 1 year and -0.33 over 5 years.
Is SCKT a good diversifier for MNST?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 mean?
A reading of -0.36 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/mnst-vs-sckt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mnst-vs-sckt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNST correlations · SCKT correlations
