MGYR vs TCI: Correlation
Magyar Bancorp, Inc. (MGYR) and Transcontinental Realty Investors, Inc. (TCI) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGYR and TCI?
Across a 3-year window, the weekly returns of MGYR and TCI correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.38 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 300.0 %².
Within MGYR's tracked universe of 15 assets, TCI comes in at #6 by 3-year correlation. The last year tells two different stories: MGYR led by 31.8 percentage points, +16.5% for MGYR against -15.3% for TCI. Note the risk asymmetry: TCI runs 2.4 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 TCI: side by side
| MGYR (Magyar Bancorp, Inc.) | TCI (Transcontinental Realty Investors, Inc.) | |
|---|---|---|
| 1-year return | +16.5% | -15.3% |
| 5-year return | +102.3% | +9.7% |
| Volatility (ann.) | 18.1% | 44.2% |
| Beta vs S&P 500 | 0.26 | 0.28 |
| Max drawdown (3Y) | -18.2% | -43.8% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | 10.5 | 41.9 |
| Dividend yield | 1.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGYR | TCI |
|---|---|---|
| 2022 | +6.1% | +13.0% |
| 2023 | -10.7% | -21.8% |
| 2024 | +32.6% | -13.7% |
| 2025 | +20.5% | +96.6% |
| 2026 | +14.6% | -32.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGYR and TCI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MGYR and TCI?
As of 2026-08-27, the correlation of weekly returns between MGYR and TCI is 0.38 over 3 years, 0.22 over 1 year and 0.27 over 5 years.
Is TCI a good diversifier for MGYR?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: MGYR correlations · TCI correlations
