MGNI vs TTWO: Correlation
Magnite, Inc. (MGNI) and Take-Two Interactive (TTWO) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGNI and TTWO?
Across a 3-year window, the weekly returns of MGNI and TTWO correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 774.2 %².
By 3-year correlation, TTWO places #10 of the 19 assets tracked against MGNI. On 12-month performance TTWO holds a 9.0-point edge, -8.6% against +0.4%. One caveat on sizing: MGNI is 2.3 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.
MGNI vs TTWO: side by side
| MGNI (Magnite, Inc.) | TTWO (Take-Two Interactive) | |
|---|---|---|
| 1-year return | -8.6% | +0.4% |
| 5-year return | -17.8% | +47.3% |
| Volatility (ann.) | 63.6% | 27.3% |
| Beta vs S&P 500 | 1.94 | 0.85 |
| Max drawdown (3Y) | -57.8% | -27.7% |
| Market cap | $3.4B | $43.6B |
| P/E (trailing) | 21.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | MGNI | TTWO |
|---|---|---|
| 2022 | -39.5% | -41.4% |
| 2023 | -11.8% | +54.6% |
| 2024 | +70.4% | +14.4% |
| 2025 | +1.9% | +39.1% |
| 2026 | +43.9% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGNI and TTWO good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MGNI and TTWO?
As of 2026-08-27, the correlation of weekly returns between MGNI and TTWO is 0.45 over 3 years, 0.42 over 1 year and 0.31 over 5 years.
Is TTWO a good diversifier for MGNI?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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-ttwo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mgni-vs-ttwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGNI correlations · TTWO correlations
