III vs SGA: Correlation
How closely do Information Services Group, Inc. (III) and Saga Communications, Inc. (SGA) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are III and SGA?
On 3 years of weekly data the III/SGA correlation comes out at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 396.8 %².
Among the 16 assets we track against III, SGA sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months III outperformed by 28.9 percentage points (+5.6% for III against -23.3% for SGA).
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.
III vs SGA: side by side
| III (Information Services Group, Inc.) | SGA (Saga Communications, Inc.) | |
|---|---|---|
| 1-year return | +5.6% | -23.3% |
| 5-year return | -14.6% | -34.9% |
| Volatility (ann.) | 38.4% | 30.7% |
| Beta vs S&P 500 | 0.99 | 0.43 |
| Max drawdown (3Y) | -41.5% | -58.1% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 3.63% | 10.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | III | SGA |
|---|---|---|
| 2022 | -38.1% | +16.8% |
| 2023 | +6.2% | +6.8% |
| 2024 | -25.3% | -45.9% |
| 2025 | +79.8% | +12.4% |
| 2026 | -10.8% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are III and SGA good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between III and SGA?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.42 over the last year and 0.22 over 5 years.
Is SGA a good diversifier for III?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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.
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Related comparisons
Hubs: III correlations · SGA correlations
