FTV vs SEGG: Correlation
How closely do Fortive (FTV) and Sports Entertainment Gaming Global Corporation (SEGG) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTV and SEGG?
Across a 3-year window, the weekly returns of FTV and SEGG correlate at -0.15, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.33) than the 3-year average (-0.15). Stretching to 5 years gives n/a, with an annualized covariance of -1407.7 %².
By 3-year correlation, SEGG places #29 of the 36 assets tracked against FTV. The last year tells two different stories: FTV led by 80.7 percentage points, +23.9% for FTV against -56.8% for SEGG. Risk is not evenly split, since SEGG carries 16.4 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.
FTV vs SEGG: side by side
| FTV (Fortive) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | +23.9% | -56.8% |
| 5-year return | +9.6% | n/a |
| Volatility (ann.) | 23.8% | 389.2% |
| Beta vs S&P 500 | 0.92 | 0.24 |
| Max drawdown (3Y) | -28.0% | -98.9% |
| Market cap | $18.1B | – |
| P/E (trailing) | 31.9 | – |
| Dividend yield | 0.20% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FTV | SEGG |
|---|---|---|
| 2022 | -15.4% | – |
| 2023 | +15.1% | – |
| 2024 | +2.3% | -82.1% |
| 2025 | -1.9% | -84.9% |
| 2026 | +8.8% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTV and SEGG good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FTV and SEGG?
The FTV/SEGG correlation stands at -0.15 on a 3-year window (1 year: -0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SEGG a good diversifier for FTV?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
A reading of -0.15 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ftv-vs-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ftv-vs-segg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTV correlations · SEGG correlations
