MGYR vs PAG: Correlation
Measured on weekly returns over the past three years, Magyar Bancorp, Inc. (MGYR) and Penske Automotive Group, Inc. (PAG) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGYR and PAG?
On 3 years of weekly data the MGYR/PAG correlation comes out at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.43 over 3 years. The 5-year figure is 0.28, and annualized covariance runs at 202.4 %².
In MGYR's tracked universe of 15 assets, PAG sits right near the top at #2. Twelve-month performance is nearly a tie, at +16.5% for MGYR and +19.5% for PAG.
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 PAG: side by side
| MGYR (Magyar Bancorp, Inc.) | PAG (Penske Automotive Group, Inc.) | |
|---|---|---|
| 1-year return | +16.5% | +19.5% |
| 5-year return | +102.3% | +177.2% |
| Volatility (ann.) | 18.1% | 26.3% |
| Beta vs S&P 500 | 0.26 | 0.66 |
| Max drawdown (3Y) | -18.2% | -24.0% |
| Market cap | $0.1B | $14.3B |
| P/E (trailing) | 10.5 | 15.8 |
| Dividend yield | 1.63% | 2.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGYR | PAG |
|---|---|---|
| 2022 | +6.1% | +9.2% |
| 2023 | -10.7% | +42.3% |
| 2024 | +32.6% | -2.5% |
| 2025 | +20.5% | +7.1% |
| 2026 | +14.6% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGYR and PAG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MGYR and PAG?
The MGYR/PAG correlation stands at 0.43 on a 3-year window (1 year: 0.30, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is PAG a good diversifier for MGYR?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/mgyr-vs-pag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mgyr-vs-pag/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGYR correlations · PAG correlations
