IPW vs SEGG: Correlation
iPower Inc. (IPW) and Sports Entertainment Gaming Global Corporation (SEGG) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPW and SEGG?
Over the past 3 years, IPW and SEGG moved with a correlation of 0.55, which is moderate. The link has tightened recently: the 1-year correlation (0.89) runs above the 3-year figure (0.55). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 87275.8 %².
Among the 37 assets we track against IPW, SEGG ranks #8 by 3-year correlation. The last year tells two different stories: SEGG led by 41.8 percentage points, -98.6% for IPW against -56.8% for SEGG.
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.
IPW vs SEGG: side by side
| IPW (iPower Inc.) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | -98.6% | -56.8% |
| 5-year return | -99.8% | n/a |
| Volatility (ann.) | 405.9% | 389.2% |
| Beta vs S&P 500 | 2.99 | 0.24 |
| Max drawdown (3Y) | -100.0% | -98.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPW | SEGG |
|---|---|---|
| 2022 | -83.2% | – |
| 2023 | +12.5% | – |
| 2024 | +85.1% | -82.1% |
| 2025 | -70.1% | -84.9% |
| 2026 | -96.8% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPW and SEGG good diversifiers for each other?
Only partially. A correlation of 0.55 means IPW and SEGG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IPW and SEGG?
As of 2026-08-27, the correlation of weekly returns between IPW and SEGG is 0.55 over 3 years, 0.89 over 1 year and n/a over 5 years.
Is SEGG a good diversifier for IPW?
Only partially. A correlation of 0.55 means IPW and SEGG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/ipw-vs-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ipw-vs-segg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IPW correlations · SEGG correlations
