MGM vs TKR: Correlation
How closely do MGM Resorts (MGM) and Timken Company (The) (TKR) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGM and TKR?
On 3 years of weekly data the MGM/TKR correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 532.2 %².
By 3-year correlation, TKR places #13 of the 41 assets tracked against MGM. The last year tells two different stories: TKR led by 51.8 percentage points, +8.0% for MGM against +59.8% for TKR.
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 TKR: side by side
| MGM (MGM Resorts) | TKR (Timken Company (The)) | |
|---|---|---|
| 1-year return | +8.0% | +59.8% |
| 5-year return | +0.8% | +80.3% |
| Volatility (ann.) | 35.2% | 27.4% |
| Beta vs S&P 500 | 1.18 | 0.98 |
| Max drawdown (3Y) | -46.0% | -37.6% |
| Market cap | $11.0B | $8.6B |
| P/E (trailing) | 26.4 | 33.7 |
| Dividend yield | 0.00% | 1.12% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | MGM | TKR |
|---|---|---|
| 2022 | -25.3% | +3.9% |
| 2023 | +33.3% | +15.4% |
| 2024 | -22.4% | -9.5% |
| 2025 | +5.3% | +20.0% |
| 2026 | +17.8% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGM and TKR good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MGM and TKR?
As of 2026-08-27, the correlation of weekly returns between MGM and TKR is 0.55 over 3 years, 0.51 over 1 year and 0.56 over 5 years.
Is TKR a good diversifier for MGM?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mgm-vs-tkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mgm-vs-tkr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MGM correlations · TKR correlations
