Which stocks are most correlated with MGN?

Based on one year of daily returns, the stocks most correlated with Megan Holdings Limited Class A Ordinary Shares (MGN) are TASK (0.55), MLKN (0.52) and DERM (0.51). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with MGN?

Over the past year, the stocks most inversely correlated with Megan Holdings Limited Class A Ordinary Shares (MGN) are EEIQ (-0.59), KOD (-0.50) and NDLS (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

Megan Holdings Limited Class A Ordinary Shares (MGN) — Stock Correlations & Overview

Over the past year, MGN has moved most closely with TASK, MLKN, DERM. Explore the stocks most correlated and inversely correlated with MGN below, along with its price, financials, and company profile.

Stocks correlated with MGN

Correlation of daily returns. Higher positive values move with MGN; negative values move opposite it. Informational only, not investment advice.

Most correlated with MGN

Symbol	Company	Correlation
TASK	TaskUs, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.55
MLKN	MillerKnoll, Inc. Common StockOFFICE FURNITURE	0.52
DERM	Journey Medical Corporation Common StockPHARMACEUTICAL PREPARATIONS	0.51
WVE	Wave Life Sciences Ltd. Ordinary SharesPHARMACEUTICAL PREPARATIONS	0.46
XYF	X Financial American Depositary Shares, each representing six Class A Ordinary Shares	0.42

Most inversely correlated with MGN

Symbol	Company	Correlation
EEIQ	EpicQuest Education Group International Limited Common Stock	-0.59
KOD	Kodiak Sciences Inc Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	-0.50
NDLS	Noodles & Company Class ARETAIL-EATING PLACES	-0.41
VSA	VisionSys AI Inc American Depositary Shares	-0.34
CRBD	Corebridge Financial, Inc. 6.375% Junior Subordinated Notes due 2064LIFE INSURANCE	-0.34

Frequently asked questions about MGN correlations

Which stocks are most correlated with MGN?: Based on one year of daily returns, the stocks most correlated with Megan Holdings Limited Class A Ordinary Shares (MGN) are TASK (0.55), MLKN (0.52) and DERM (0.51). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with MGN?: Over the past year, the stocks most inversely correlated with Megan Holdings Limited Class A Ordinary Shares (MGN) are EEIQ (-0.59), KOD (-0.50) and NDLS (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these MGN correlations calculated?: We compute the correlation of daily returns between MGN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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