BOTJ vs MGYR: Correlation
Bank of the James Financial Group, Inc. (BOTJ) and Magyar Bancorp, Inc. (MGYR) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOTJ and MGYR?
Across a 3-year window, the weekly returns of BOTJ and MGYR correlate at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 185.3 %².
Within BOTJ's tracked universe of 16 assets, MGYR comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BOTJ outperformed by 62.0 percentage points (+78.5% for BOTJ against +16.5% for MGYR).
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.
BOTJ vs MGYR: side by side
| BOTJ (Bank of the James Financial Group, Inc.) | MGYR (Magyar Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +78.5% | +16.5% |
| 5-year return | +119.5% | +102.3% |
| Volatility (ann.) | 25.5% | 18.1% |
| Beta vs S&P 500 | 0.22 | 0.26 |
| Max drawdown (3Y) | -27.8% | -18.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 10.6 | 10.5 |
| Dividend yield | 1.50% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOTJ | MGYR |
|---|---|---|
| 2022 | -21.2% | +6.1% |
| 2023 | +5.8% | -10.7% |
| 2024 | +34.1% | +32.6% |
| 2025 | +20.3% | +20.5% |
| 2026 | +46.4% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOTJ and MGYR good diversifiers for each other?
Reasonably. At 0.40, BOTJ and MGYR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BOTJ and MGYR?
As of 2026-08-27, the correlation of weekly returns between BOTJ and MGYR is 0.40 over 3 years, 0.36 over 1 year and 0.34 over 5 years.
Is MGYR a good diversifier for BOTJ?
Reasonably. At 0.40, BOTJ and MGYR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/botj-vs-mgyr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/botj-vs-mgyr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOTJ correlations · MGYR correlations
