Magyar Bancorp, Inc. (MGYR) — Stock Correlations & Overview
Over the past year, MGYR has moved most closely with FAF, EFCpB, PFFR. Explore the stocks most correlated and inversely correlated with MGYR below, along with its price, financials, and company profile.
Stocks correlated with MGYR
Correlation of daily returns. Higher positive values move with MGYR; negative values move opposite it. Informational only, not investment advice.
Most correlated with MGYR
| Symbol | Company | Correlation |
|---|---|---|
| FAF | First American Financial CorporationTITLE INSURANCE | 0.29 |
| EFCpB | Ellington Financial Inc. 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred StockREAL ESTATE | 0.28 |
| PFFR | InfraCap REIT Preferred ETF | 0.27 |
| INQQ | INQQ The India Internet ETF | 0.26 |
| GRVY | GRAVITY Co., Ltd. | 0.26 |
Most inversely correlated with MGYR
| Symbol | Company | Correlation |
|---|---|---|
| VTAK | Catheter Precision, Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.27 |
| KRSP.U | Rice Acquisition Corporation 3 Units, each consisting of one Class A ordinary share, and one-sixth of one redeemable warrantBLANK CHECKS | -0.23 |
| YMT | Yimutian Inc. American Depositary Shares | -0.22 |
| PULM | Pulmatrix, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.21 |
| ALTO | Alto Ingredients, Inc. Common StockINDUSTRIAL ORGANIC CHEMICALS | -0.21 |
Frequently asked questions about MGYR correlations
- Which stocks are most correlated with MGYR?
- Based on one year of daily returns, the stocks most correlated with Magyar Bancorp, Inc. (MGYR) are FAF (0.29), EFCpB (0.28) and PFFR (0.27). 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 MGYR?
- Over the past year, the stocks most inversely correlated with Magyar Bancorp, Inc. (MGYR) are VTAK (-0.27), KRSP.U (-0.23) and YMT (-0.22). 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 MGYR correlations calculated?
- We compute the correlation of daily returns between MGYR 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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