ADNT vs MGA: Correlation
Adient plc (ADNT) and Magna International, Inc. (MGA) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADNT and MGA?
Across a 3-year window, the weekly returns of ADNT and MGA correlate at 0.57, moderate. The past 12 months show a weaker link (0.44) than the 3-year average (0.57). Stretching to 5 years gives 0.67, with an annualized covariance of 771.9 %².
Within ADNT's tracked universe of 16 assets, MGA comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MGA outperformed by 71.5 percentage points (-26.3% for ADNT against +45.2% for MGA).
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.
ADNT vs MGA: side by side
| ADNT (Adient plc) | MGA (Magna International, Inc.) | |
|---|---|---|
| 1-year return | -26.3% | +45.2% |
| 5-year return | -53.1% | -1.8% |
| Volatility (ann.) | 43.0% | 31.5% |
| Beta vs S&P 500 | 1.05 | 0.87 |
| Max drawdown (3Y) | -74.4% | -45.6% |
| Market cap | $1.5B | $17.6B |
| P/E (trailing) | 34.2 | 24.2 |
| Dividend yield | 0.00% | 2.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADNT | MGA |
|---|---|---|
| 2022 | -27.5% | -28.6% |
| 2023 | +4.8% | +8.8% |
| 2024 | -52.6% | -26.3% |
| 2025 | +11.3% | +32.4% |
| 2026 | -1.8% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADNT and MGA good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ADNT and MGA?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.44 over the last year and 0.67 over 5 years.
Is MGA a good diversifier for ADNT?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adnt-vs-mga.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adnt-vs-mga/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADNT correlations · MGA correlations
