BBAI vs MGNI: Correlation
BigBear.ai, Inc. (BBAI) and Magnite, Inc. (MGNI) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBAI and MGNI?
Over the past 3 years, BBAI and MGNI moved with a correlation of 0.55, which is moderate. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.55). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 4442.2 %².
In BBAI's tracked universe of 12 assets, MGNI sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months MGNI outperformed by 29.2 percentage points (-37.8% for BBAI against -8.6% for MGNI). One caveat on sizing: BBAI is 2.0 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.
BBAI vs MGNI: side by side
| BBAI (BigBear.ai, Inc.) | MGNI (Magnite, Inc.) | |
|---|---|---|
| 1-year return | -37.8% | -8.6% |
| 5-year return | -67.6% | -17.8% |
| Volatility (ann.) | 126.2% | 63.6% |
| Beta vs S&P 500 | 3.30 | 1.94 |
| Max drawdown (3Y) | -75.6% | -57.8% |
| Market cap | $1.5B | $3.4B |
| P/E (trailing) | – | 21.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBAI | MGNI |
|---|---|---|
| 2022 | -88.1% | -39.5% |
| 2023 | +217.5% | -11.8% |
| 2024 | +107.9% | +70.4% |
| 2025 | +21.3% | +1.9% |
| 2026 | -40.9% | +43.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBAI and MGNI good diversifiers for each other?
To a limited degree. At 0.55 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 BBAI and MGNI?
As of 2026-08-27, the correlation of weekly returns between BBAI and MGNI is 0.55 over 3 years, 0.39 over 1 year and 0.23 over 5 years.
Is MGNI a good diversifier for BBAI?
To a limited degree. At 0.55 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 0.55 mean?
A reading of 0.55 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/bbai-vs-mgni.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbai-vs-mgni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBAI correlations · MGNI correlations
