MGYR vs OKUR: Correlation
Magyar Bancorp, Inc. (MGYR) and OnKure Therapeutics, Inc. (OKUR) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGYR and OKUR?
On 3 years of weekly data the MGYR/OKUR correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. The 5-year figure is -0.19, and annualized covariance runs at -428.4 %².
Among the 15 assets we track against MGYR, OKUR sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months OKUR outperformed by 20.3 percentage points (+16.5% for MGYR against +36.8% for OKUR). Note the risk asymmetry: OKUR runs 4.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MGYR vs OKUR: side by side
| MGYR (Magyar Bancorp, Inc.) | OKUR (OnKure Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +16.5% | +36.8% |
| 5-year return | +102.3% | -96.0% |
| Volatility (ann.) | 18.1% | 81.5% |
| Beta vs S&P 500 | 0.26 | 0.59 |
| Max drawdown (3Y) | -18.2% | -97.8% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | 10.5 | – |
| Dividend yield | 1.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGYR | OKUR |
|---|---|---|
| 2022 | +6.1% | -72.7% |
| 2023 | -10.7% | -31.3% |
| 2024 | +32.6% | -46.2% |
| 2025 | +20.5% | -66.3% |
| 2026 | +14.6% | +32.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGYR and OKUR good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between MGYR and OKUR?
The MGYR/OKUR correlation stands at -0.29 on a 3-year window (1 year: -0.24, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is OKUR a good diversifier for MGYR?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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
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Related comparisons
Hubs: MGYR correlations · OKUR correlations
