ARLO vs MGNI: Correlation
Arlo Technologies, Inc. (ARLO) and Magnite, Inc. (MGNI) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARLO and MGNI?
On 3 years of weekly data the ARLO/MGNI correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.49 over 3. The 5-year figure is 0.27, and annualized covariance runs at 1915.3 %².
By 3-year correlation, MGNI places #5 of the 13 assets tracked against ARLO. Their recent paths diverged sharply: over the last 12 months MGNI outperformed by 17.1 percentage points (-25.7% for ARLO against -8.6% for MGNI).
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.
ARLO vs MGNI: side by side
| ARLO (Arlo Technologies, Inc.) | MGNI (Magnite, Inc.) | |
|---|---|---|
| 1-year return | -25.7% | -8.6% |
| 5-year return | +113.6% | -17.8% |
| Volatility (ann.) | 61.4% | 63.6% |
| Beta vs S&P 500 | 1.84 | 1.94 |
| Max drawdown (3Y) | -50.8% | -57.8% |
| Market cap | $1.4B | $3.4B |
| P/E (trailing) | 46.7 | 21.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARLO | MGNI |
|---|---|---|
| 2022 | -66.5% | -39.5% |
| 2023 | +171.2% | -11.8% |
| 2024 | +17.5% | +70.4% |
| 2025 | +25.0% | +1.9% |
| 2026 | -6.6% | +43.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARLO and MGNI good diversifiers for each other?
Reasonably. At 0.49, ARLO and MGNI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARLO and MGNI?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.47 over the last year and 0.27 over 5 years.
Is MGNI a good diversifier for ARLO?
Reasonably. At 0.49, ARLO and MGNI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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/arlo-vs-mgni.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arlo-vs-mgni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARLO correlations · MGNI correlations
