AWI vs MGYR: Correlation
Measured on weekly returns over the past three years, Armstrong World Industries Inc (AWI) and Magyar Bancorp, Inc. (MGYR) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWI and MGYR?
On 3 years of weekly data the AWI/MGYR correlation comes out at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 189.8 %².
Among the 15 assets we track against AWI, MGYR sits near the bottom by co-movement, at rank #11. The last year tells two different stories: MGYR led by 27.0 percentage points, -10.5% for AWI against +16.5% for MGYR. Risk is not evenly split, since AWI carries 1.5 times the volatility of the other side.
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.
AWI vs MGYR: side by side
| AWI (Armstrong World Industries Inc) | MGYR (Magyar Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -10.5% | +16.5% |
| 5-year return | +76.7% | +102.3% |
| Volatility (ann.) | 27.3% | 18.1% |
| Beta vs S&P 500 | 0.88 | 0.26 |
| Max drawdown (3Y) | -25.2% | -18.2% |
| Market cap | $7.4B | $0.1B |
| P/E (trailing) | 24.3 | 10.5 |
| Dividend yield | 0.76% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWI | MGYR |
|---|---|---|
| 2022 | -40.3% | +6.1% |
| 2023 | +45.4% | -10.7% |
| 2024 | +45.1% | +32.6% |
| 2025 | +36.2% | +20.5% |
| 2026 | -7.6% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWI and MGYR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AWI and MGYR?
As of 2026-08-27, the correlation of weekly returns between AWI and MGYR is 0.38 over 3 years, 0.38 over 1 year and 0.33 over 5 years.
Is MGYR a good diversifier for AWI?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/awi-vs-mgyr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/awi-vs-mgyr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AWI correlations · MGYR correlations
