FMC vs SEGG: Correlation
Measured on weekly returns over the past three years, FMC Corporation (FMC) and Sports Entertainment Gaming Global Corporation (SEGG) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMC and SEGG?
On 3 years of weekly data the FMC/SEGG correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.00 versus -0.25 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -5365.1 %².
Out of 14 assets tracked against FMC, SEGG lands near the bottom at #12. The last year tells two different stories: SEGG led by 15.4 percentage points, -72.2% for FMC against -56.8% for SEGG. Risk is not evenly split, since SEGG carries 6.9 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.
FMC vs SEGG: side by side
| FMC (FMC Corporation) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | -72.2% | -56.8% |
| 5-year return | -86.6% | n/a |
| Volatility (ann.) | 56.2% | 389.2% |
| Beta vs S&P 500 | 0.82 | 0.24 |
| Max drawdown (3Y) | -87.3% | -98.9% |
| Market cap | $1.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 7.40% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMC | SEGG |
|---|---|---|
| 2022 | +15.7% | – |
| 2023 | -48.0% | – |
| 2024 | -19.7% | -82.1% |
| 2025 | -70.0% | -84.9% |
| 2026 | -22.2% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMC and SEGG good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between FMC and SEGG?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.00 over the last year and n/a over 5 years.
Is SEGG a good diversifier for FMC?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/fmc-vs-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fmc-vs-segg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FMC correlations · SEGG correlations
