MGNI vs SKIL: Correlation
Magnite, Inc. (MGNI) and Skillsoft Corp. (SKIL) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGNI and SKIL?
On 3 years of weekly data the MGNI/SKIL correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 2291.4 %².
Among the 19 assets we track against MGNI, SKIL ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MGNI outperformed by 50.0 percentage points (-8.6% for MGNI against -58.6% for SKIL).
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.
MGNI vs SKIL: side by side
| MGNI (Magnite, Inc.) | SKIL (Skillsoft Corp.) | |
|---|---|---|
| 1-year return | -8.6% | -58.6% |
| 5-year return | -17.8% | -96.5% |
| Volatility (ann.) | 63.6% | 95.0% |
| Beta vs S&P 500 | 1.94 | 2.14 |
| Max drawdown (3Y) | -57.8% | -88.5% |
| Market cap | $3.4B | $0.1B |
| P/E (trailing) | 21.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGNI | SKIL |
|---|---|---|
| 2022 | -39.5% | -85.8% |
| 2023 | -11.8% | -32.4% |
| 2024 | +70.4% | +36.3% |
| 2025 | +1.9% | -61.2% |
| 2026 | +43.9% | -28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGNI and SKIL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MGNI and SKIL?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.44 over the last year and 0.27 over 5 years.
Is SKIL a good diversifier for MGNI?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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/mgni-vs-skil.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mgni-vs-skil/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGNI correlations · SKIL correlations
