MGYR vs VRSK: Correlation
Measured on weekly returns over the past three years, Magyar Bancorp, Inc. (MGYR) and Verisk Analytics (VRSK) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGYR and VRSK?
Across a 3-year window, the weekly returns of MGYR and VRSK correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.52) than the 3-year average (-0.21). Stretching to 5 years gives -0.11, with an annualized covariance of -95.4 %².
VRSK is close to the least connected end of MGYR's tracked universe, ranking #12 of 15. Correlation aside, the last 12 months split them widely, with MGYR ahead by 44.5 points (+16.5% versus -28.0%).
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 VRSK: side by side
| MGYR (Magyar Bancorp, Inc.) | VRSK (Verisk Analytics) | |
|---|---|---|
| 1-year return | +16.5% | -28.0% |
| 5-year return | +102.3% | -1.6% |
| Volatility (ann.) | 18.1% | 25.1% |
| Beta vs S&P 500 | 0.26 | 0.27 |
| Max drawdown (3Y) | -18.2% | -50.8% |
| Market cap | $0.1B | $24.9B |
| P/E (trailing) | 10.5 | 28.8 |
| Dividend yield | 1.63% | 1.01% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MGYR | VRSK |
|---|---|---|
| 2022 | +6.1% | -22.3% |
| 2023 | -10.7% | +36.2% |
| 2024 | +32.6% | +16.0% |
| 2025 | +20.5% | -18.2% |
| 2026 | +14.6% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGYR and VRSK good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between MGYR and VRSK?
As of 2026-08-27, the correlation of weekly returns between MGYR and VRSK is -0.21 over 3 years, -0.52 over 1 year and -0.11 over 5 years.
Is VRSK a good diversifier for MGYR?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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
$ curl https://www.pairbook.io/api/v1/pairs/mgyr-vs-vrsk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgyr-vs-vrsk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MGYR correlations · VRSK correlations
