BRAG vs SCM: Correlation
Bragg Gaming Group Inc. (BRAG) and Stellus Capital Investment Corporation (SCM) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRAG and SCM?
On 3 years of weekly data the BRAG/SCM correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 552.0 %².
Within BRAG's tracked universe of 10 assets, SCM comes in at #5 by 3-year correlation. On 12-month performance SCM holds a 14.9-point edge, -47.6% against -32.7%. Note the risk asymmetry: BRAG runs 2.5 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.
BRAG vs SCM: side by side
| BRAG (Bragg Gaming Group Inc.) | SCM (Stellus Capital Investment Corporation) | |
|---|---|---|
| 1-year return | -47.6% | -32.7% |
| 5-year return | -87.1% | +16.7% |
| Volatility (ann.) | 62.2% | 24.4% |
| Beta vs S&P 500 | 1.20 | 0.68 |
| Max drawdown (3Y) | -78.8% | -47.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 8.4 |
| Dividend yield | 0.00% | 17.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRAG | SCM |
|---|---|---|
| 2022 | -23.5% | +12.9% |
| 2023 | +31.2% | +8.7% |
| 2024 | -26.7% | +20.3% |
| 2025 | -43.2% | +3.7% |
| 2026 | -31.4% | -26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRAG and SCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BRAG and SCM?
As of 2026-08-27, the correlation of weekly returns between BRAG and SCM is 0.36 over 3 years, 0.43 over 1 year and 0.30 over 5 years.
Is SCM a good diversifier for BRAG?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/brag-vs-scm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brag-vs-scm/)
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Related comparisons
Hubs: BRAG correlations · SCM correlations
