ACXP vs MGYR: Correlation
How closely do Acurx Pharmaceuticals, Inc. (ACXP) and Magyar Bancorp, Inc. (MGYR) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and MGYR?
Over the past 3 years, ACXP and MGYR moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -694.1 %².
Within ACXP's tracked universe of 32 assets, MGYR comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MGYR outperformed by 86.5 percentage points (-70.0% for ACXP against +16.5% for MGYR). Note the risk asymmetry: ACXP runs 9.4 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.
ACXP vs MGYR: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | MGYR (Magyar Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -70.0% | +16.5% |
| 5-year return | -98.5% | +102.3% |
| Volatility (ann.) | 170.6% | 18.1% |
| Beta vs S&P 500 | -0.66 | 0.26 |
| Max drawdown (3Y) | -98.8% | -18.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 10.5 |
| Dividend yield | 0.00% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACXP | MGYR |
|---|---|---|
| 2022 | -7.9% | +6.1% |
| 2023 | -3.8% | -10.7% |
| 2024 | -78.7% | +32.6% |
| 2025 | -84.7% | +20.5% |
| 2026 | -41.4% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and MGYR good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACXP and MGYR?
As of 2026-08-27, the correlation of weekly returns between ACXP and MGYR is -0.23 over 3 years, -0.30 over 1 year and -0.15 over 5 years.
Is MGYR a good diversifier for ACXP?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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/acxp-vs-mgyr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acxp-vs-mgyr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACXP correlations · MGYR correlations
