JAGX vs MGYR: Correlation
How closely do Jaguar Health, Inc. (JAGX) and Magyar Bancorp, Inc. (MGYR) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JAGX and MGYR?
On 3 years of weekly data the JAGX/MGYR correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -596.1 %².
Out of 10 assets tracked against JAGX, MGYR lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months MGYR outperformed by 115.1 percentage points (-98.6% for JAGX against +16.5% for MGYR). Note the risk asymmetry: JAGX runs 8.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
JAGX vs MGYR: side by side
| JAGX (Jaguar Health, Inc.) | MGYR (Magyar Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -98.6% | +16.5% |
| 5-year return | -100.0% | +102.3% |
| Volatility (ann.) | 159.2% | 18.1% |
| Beta vs S&P 500 | 1.63 | 0.26 |
| Max drawdown (3Y) | -100.0% | -18.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | 10.5 |
| Dividend yield | 0.00% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JAGX | MGYR |
|---|---|---|
| 2022 | -91.6% | +6.1% |
| 2023 | -97.7% | -10.7% |
| 2024 | -88.9% | +32.6% |
| 2025 | -96.3% | +20.5% |
| 2026 | -97.3% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JAGX and MGYR good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between JAGX and MGYR?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.21 over the last year and -0.12 over 5 years.
Is MGYR a good diversifier for JAGX?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/jagx-vs-mgyr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jagx-vs-mgyr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JAGX correlations · MGYR correlations
