CHRW vs SEGG: Correlation
How closely do C.H. Robinson (CHRW) and Sports Entertainment Gaming Global Corporation (SEGG) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and SEGG?
Over the past 3 years, CHRW and SEGG moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.28). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3859.3 %².
SEGG is close to the least connected end of CHRW's tracked universe, ranking #30 of 31. Correlation aside, the last 12 months split them widely, with CHRW ahead by 76.7 points (+19.9% versus -56.8%). Risk is not evenly split, since SEGG carries 10.9 times the volatility of the other side.
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.
CHRW vs SEGG: side by side
| CHRW (C.H. Robinson) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | +19.9% | -56.8% |
| 5-year return | +86.8% | n/a |
| Volatility (ann.) | 35.7% | 389.2% |
| Beta vs S&P 500 | 0.69 | 0.24 |
| Max drawdown (3Y) | -32.4% | -98.9% |
| Market cap | $17.7B | – |
| P/E (trailing) | 29.0 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | SEGG |
|---|---|---|
| 2022 | -13.1% | – |
| 2023 | -3.1% | – |
| 2024 | +22.9% | -82.1% |
| 2025 | +59.0% | -84.9% |
| 2026 | -5.3% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and SEGG good diversifiers for each other?
Yes. With a correlation of -0.28, CHRW and SEGG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHRW and SEGG?
The CHRW/SEGG correlation stands at -0.28 on a 3-year window (1 year: -0.43, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SEGG a good diversifier for CHRW?
Yes. With a correlation of -0.28, CHRW and SEGG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chrw-vs-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chrw-vs-segg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHRW correlations · SEGG correlations
