CCSI vs MGNX: Correlation
Measured on weekly returns over the past three years, Consensus Cloud Solutions, Inc. (CCSI) and MacroGenics, Inc. (MGNX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCSI and MGNX?
Across a 3-year window, the weekly returns of CCSI and MGNX correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Stretching to 5 years gives -0.10, with an annualized covariance of -1407.4 %².
Out of 16 assets tracked against CCSI, MGNX lands near the bottom at #14. The last year tells two different stories: MGNX led by 87.8 percentage points, +49.4% for CCSI against +137.2% for MGNX.
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.
CCSI vs MGNX: side by side
| CCSI (Consensus Cloud Solutions, Inc.) | MGNX (MacroGenics, Inc.) | |
|---|---|---|
| 1-year return | +49.4% | +137.2% |
| 5-year return | +11.8% | -82.5% |
| Volatility (ann.) | 66.1% | 96.3% |
| Beta vs S&P 500 | 1.27 | 1.72 |
| Max drawdown (3Y) | -63.8% | -95.1% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | 7.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCSI | MGNX |
|---|---|---|
| 2022 | -7.1% | -58.2% |
| 2023 | -51.2% | +43.4% |
| 2024 | -9.0% | -66.2% |
| 2025 | -8.5% | -50.5% |
| 2026 | +82.6% | +153.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCSI and MGNX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCSI and MGNX?
The CCSI/MGNX correlation stands at -0.22 on a 3-year window (1 year: -0.16, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is MGNX a good diversifier for CCSI?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/ccsi-vs-mgnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccsi-vs-mgnx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCSI correlations · MGNX correlations
