CYRX vs MYE: Correlation
Measured on weekly returns over the past three years, CryoPort, Inc. (CYRX) and Myers Industries, Inc. (MYE) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYRX and MYE?
Across a 3-year window, the weekly returns of CYRX and MYE correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.37, with an annualized covariance of 1093.8 %².
Few assets follow CYRX as closely as MYE, which ranks #2 of 14 tracked partners. Over the last 12 months MYE came out ahead by 13.0 percentage points (+88.9% against +101.9%). Risk is not evenly split, since CYRX carries 1.6 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.
CYRX vs MYE: side by side
| CYRX (CryoPort, Inc.) | MYE (Myers Industries, Inc.) | |
|---|---|---|
| 1-year return | +88.9% | +101.9% |
| 5-year return | -73.7% | +70.0% |
| Volatility (ann.) | 62.3% | 39.3% |
| Beta vs S&P 500 | 1.44 | 0.73 |
| Max drawdown (3Y) | -75.0% | -59.0% |
| Market cap | $0.8B | $1.3B |
| P/E (trailing) | – | 24.8 |
| Dividend yield | 0.00% | 1.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYRX | MYE |
|---|---|---|
| 2022 | -70.7% | +14.0% |
| 2023 | -10.7% | -9.5% |
| 2024 | -49.8% | -41.4% |
| 2025 | +23.4% | +75.7% |
| 2026 | +72.6% | +79.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYRX and MYE good diversifiers for each other?
Reasonably. At 0.45, CYRX and MYE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CYRX and MYE?
As of 2026-08-27, the correlation of weekly returns between CYRX and MYE is 0.45 over 3 years, 0.28 over 1 year and 0.37 over 5 years.
Is MYE a good diversifier for CYRX?
Reasonably. At 0.45, CYRX and MYE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/cyrx-vs-mye.json
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[](https://www.pairbook.io/pair/cyrx-vs-mye/)
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Related comparisons
Hubs: CYRX correlations · MYE correlations
