KPRX vs MGYR: Correlation
How closely do Kiora Pharmaceuticals, Inc. (KPRX) 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 KPRX and MGYR?
Across a 3-year window, the weekly returns of KPRX and MGYR correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.17 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.03, with an annualized covariance of -230.3 %².
Out of 11 assets tracked against KPRX, MGYR lands near the bottom at #9. The last year tells two different stories: MGYR led by 23.5 percentage points, -7.0% for KPRX against +16.5% for MGYR. One caveat on sizing: KPRX is 3.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KPRX vs MGYR: side by side
| KPRX (Kiora Pharmaceuticals, Inc.) | MGYR (Magyar Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -7.0% | +16.5% |
| 5-year return | -99.6% | +102.3% |
| Volatility (ann.) | 60.9% | 18.1% |
| Beta vs S&P 500 | 1.09 | 0.26 |
| Max drawdown (3Y) | -76.5% | -18.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 10.5 |
| Dividend yield | 0.00% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KPRX | MGYR |
|---|---|---|
| 2022 | -94.3% | +6.1% |
| 2023 | -84.8% | -10.7% |
| 2024 | -29.8% | +32.6% |
| 2025 | -40.3% | +20.5% |
| 2026 | +35.0% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KPRX 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 KPRX and MGYR?
As of 2026-08-27, the correlation of weekly returns between KPRX and MGYR is -0.21 over 3 years, -0.17 over 1 year and -0.03 over 5 years.
Is MGYR a good diversifier for KPRX?
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?
On the −1 to +1 scale, -0.21 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/kprx-vs-mgyr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kprx-vs-mgyr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KPRX correlations · MGYR correlations
