CCB vs SEGG: Correlation
Coastal Financial Corporation (CCB) and Sports Entertainment Gaming Global Corporation (SEGG) show a negative relationship: their 3-year correlation of weekly returns is -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and SEGG?
On 3 years of weekly data the CCB/SEGG correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.70) than the 3-year average (-0.40). The 5-year figure is n/a, and annualized covariance runs at -7156.3 %².
Among the 19 assets we track against CCB, SEGG ranks #14 by 3-year correlation. Their 12-month results are close: -59.0% for CCB against -56.8% for SEGG. Note the risk asymmetry: SEGG runs 8.6 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.
CCB vs SEGG: side by side
| CCB (Coastal Financial Corporation) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | -59.0% | -56.8% |
| 5-year return | +59.4% | n/a |
| Volatility (ann.) | 45.4% | 389.2% |
| Beta vs S&P 500 | 0.96 | 0.24 |
| Max drawdown (3Y) | -66.5% | -98.9% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCB | SEGG |
|---|---|---|
| 2022 | -6.1% | – |
| 2023 | -6.5% | – |
| 2024 | +91.2% | -82.1% |
| 2025 | +35.0% | -84.9% |
| 2026 | -59.2% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and SEGG good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between CCB and SEGG?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.70 over the last year and n/a over 5 years.
Is SEGG a good diversifier for CCB?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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/ccb-vs-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccb-vs-segg/)
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Related comparisons
Hubs: CCB correlations · SEGG correlations
