MGM vs RMNI: Correlation
MGM Resorts (MGM) and Rimini Street, Inc. (RMNI) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGM and RMNI?
Across a 3-year window, the weekly returns of MGM and RMNI correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 819.4 %².
By 3-year correlation, RMNI places #29 of the 41 assets tracked against MGM. Correlation aside, the last 12 months split them widely, with RMNI ahead by 19.6 points (+8.0% versus +27.6%). Risk is not evenly split, since RMNI carries 1.7 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.
MGM vs RMNI: side by side
| MGM (MGM Resorts) | RMNI (Rimini Street, Inc.) | |
|---|---|---|
| 1-year return | +8.0% | +27.6% |
| 5-year return | +0.8% | -42.9% |
| Volatility (ann.) | 35.2% | 59.7% |
| Beta vs S&P 500 | 1.18 | 1.19 |
| Max drawdown (3Y) | -46.0% | -53.5% |
| Market cap | $11.0B | $0.5B |
| P/E (trailing) | 26.4 | 76.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | MGM | RMNI |
|---|---|---|
| 2022 | -25.3% | -36.2% |
| 2023 | +33.3% | -14.2% |
| 2024 | -22.4% | -18.3% |
| 2025 | +5.3% | +45.3% |
| 2026 | +17.8% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGM and RMNI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MGM and RMNI?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.32 over the last year and 0.28 over 5 years.
Is RMNI a good diversifier for MGM?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/mgm-vs-rmni.json
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[](https://www.pairbook.io/pair/mgm-vs-rmni/)
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Related comparisons
Hubs: MGM correlations · RMNI correlations
