LHX vs SEGG: Correlation
L3Harris (LHX) and Sports Entertainment Gaming Global Corporation (SEGG) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LHX and SEGG?
Across a 3-year window, the weekly returns of LHX and SEGG correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1667.3 %².
Within LHX's tracked universe of 30 assets, SEGG comes in at #23 by 3-year correlation. The last year tells two different stories: LHX led by 53.0 percentage points, -3.8% for LHX against -56.8% for SEGG. Risk is not evenly split, since SEGG carries 16.9 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.
LHX vs SEGG: side by side
| LHX (L3Harris) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | -3.8% | -56.8% |
| 5-year return | +24.4% | n/a |
| Volatility (ann.) | 23.0% | 389.2% |
| Beta vs S&P 500 | 0.51 | 0.24 |
| Max drawdown (3Y) | -30.3% | -98.9% |
| Market cap | $48.8B | – |
| P/E (trailing) | 26.6 | – |
| Dividend yield | 1.09% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LHX | SEGG |
|---|---|---|
| 2022 | -0.5% | – |
| 2023 | +3.7% | – |
| 2024 | +1.9% | -82.1% |
| 2025 | +42.3% | -84.9% |
| 2026 | -10.1% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LHX and SEGG good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between LHX and SEGG?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.29 over the last year and n/a over 5 years.
Is SEGG a good diversifier for LHX?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/lhx-vs-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lhx-vs-segg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LHX correlations · SEGG correlations
