ISPR vs MGNI: Correlation
How closely do Ispire Technology Inc. (ISPR) and Magnite, Inc. (MGNI) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ISPR and MGNI?
On 3 years of weekly data the ISPR/MGNI correlation comes out at 0.29, weak. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1573.8 %².
By 3-year correlation, MGNI places #4 of the 10 assets tracked against ISPR. Correlation aside, the last 12 months split them widely, with MGNI ahead by 45.9 points (-54.5% versus -8.6%).
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.
ISPR vs MGNI: side by side
| ISPR (Ispire Technology Inc.) | MGNI (Magnite, Inc.) | |
|---|---|---|
| 1-year return | -54.5% | -8.6% |
| 5-year return | n/a | -17.8% |
| Volatility (ann.) | 85.1% | 63.6% |
| Beta vs S&P 500 | 1.12 | 1.94 |
| Max drawdown (3Y) | -93.3% | -57.8% |
| Market cap | $0.1B | $3.4B |
| P/E (trailing) | – | 21.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ISPR | MGNI |
|---|---|---|
| 2022 | – | -39.5% |
| 2023 | – | -11.8% |
| 2024 | -58.5% | +70.4% |
| 2025 | -44.3% | +1.9% |
| 2026 | -49.3% | +43.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ISPR and MGNI good diversifiers for each other?
Reasonably. At 0.29, ISPR and MGNI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ISPR and MGNI?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.26 over the last year and n/a over 5 years.
Is MGNI a good diversifier for ISPR?
Reasonably. At 0.29, ISPR and MGNI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/ispr-vs-mgni.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ispr-vs-mgni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ISPR correlations · MGNI correlations
