MGNX vs SELF: Correlation
Measured on weekly returns over the past three years, MacroGenics, Inc. (MGNX) and Global Self Storage, Inc. (SELF) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGNX and SELF?
On 3 years of weekly data the MGNX/SELF correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.25) runs above the 3-year figure (-0.32). The 5-year figure is -0.15, and annualized covariance runs at -638.7 %².
Among the 14 assets we track against MGNX, SELF sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with MGNX ahead by 127.2 points (+137.2% versus +10.0%). One caveat on sizing: MGNX is 4.7 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.
MGNX vs SELF: side by side
| MGNX (MacroGenics, Inc.) | SELF (Global Self Storage, Inc.) | |
|---|---|---|
| 1-year return | +137.2% | +10.0% |
| 5-year return | -82.5% | +36.6% |
| Volatility (ann.) | 96.3% | 20.6% |
| Beta vs S&P 500 | 1.72 | 0.15 |
| Max drawdown (3Y) | -95.1% | -15.9% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | 31.1 |
| Dividend yield | 0.00% | 5.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGNX | SELF |
|---|---|---|
| 2022 | -58.2% | -10.0% |
| 2023 | +43.4% | +0.8% |
| 2024 | -66.2% | +22.0% |
| 2025 | -50.5% | +1.2% |
| 2026 | +153.4% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGNX and SELF good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between MGNX and SELF?
The MGNX/SELF correlation stands at -0.32 on a 3-year window (1 year: 0.25, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is SELF a good diversifier for MGNX?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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/mgnx-vs-self.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mgnx-vs-self/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MGNX correlations · SELF correlations
