MGYR vs PAC: Correlation
Measured on weekly returns over the past three years, Magyar Bancorp, Inc. (MGYR) and Grupo Aeroportuario Del Pacifico, S.A. B. de C.V. Grupo (PAC) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGYR and PAC?
Across a 3-year window, the weekly returns of MGYR and PAC correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.39 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 277.5 %².
Within MGYR's tracked universe of 15 assets, PAC comes in at #4 by 3-year correlation. The last year tells two different stories: MGYR led by 28.1 percentage points, +16.5% for MGYR against -11.6% for PAC. One caveat on sizing: PAC is 2.2 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.
MGYR vs PAC: side by side
| MGYR (Magyar Bancorp, Inc.) | PAC (Grupo Aeroportuario Del Pacifico, S.A. B. de C.V. Grupo) | |
|---|---|---|
| 1-year return | +16.5% | -11.6% |
| 5-year return | +102.3% | +135.8% |
| Volatility (ann.) | 18.1% | 39.2% |
| Beta vs S&P 500 | 0.26 | 1.01 |
| Max drawdown (3Y) | -18.2% | -42.8% |
| Market cap | $0.1B | $12.8B |
| P/E (trailing) | 10.5 | 19.7 |
| Dividend yield | 1.63% | 9.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGYR | PAC |
|---|---|---|
| 2022 | +6.1% | +9.8% |
| 2023 | -10.7% | +28.6% |
| 2024 | +32.6% | +4.2% |
| 2025 | +20.5% | +56.3% |
| 2026 | +14.6% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGYR and PAC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MGYR and PAC?
The MGYR/PAC correlation stands at 0.39 on a 3-year window (1 year: 0.28, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is PAC a good diversifier for MGYR?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mgyr-vs-pac/)
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Related comparisons
Hubs: MGYR correlations · PAC correlations
