LII vs SEGG: Correlation
How closely do Lennox International (LII) and Sports Entertainment Gaming Global Corporation (SEGG) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LII and SEGG?
On 3 years of weekly data the LII/SEGG correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.55) than the 3-year average (-0.34). The 5-year figure is n/a, and annualized covariance runs at -4289.1 %².
Within LII's tracked universe of 37 assets, SEGG comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LII ahead by 26.5 points (-30.3% versus -56.8%). One caveat on sizing: SEGG is 12.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LII vs SEGG: side by side
| LII (Lennox International) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | -30.3% | -56.8% |
| 5-year return | +23.7% | n/a |
| Volatility (ann.) | 32.0% | 389.2% |
| Beta vs S&P 500 | 0.96 | 0.24 |
| Max drawdown (3Y) | -41.7% | -98.9% |
| Market cap | $13.5B | – |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 1.34% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LII | SEGG |
|---|---|---|
| 2022 | -24.9% | – |
| 2023 | +89.5% | – |
| 2024 | +37.3% | -82.1% |
| 2025 | -19.5% | -84.9% |
| 2026 | -19.0% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LII and SEGG good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between LII and SEGG?
The LII/SEGG correlation stands at -0.34 on a 3-year window (1 year: -0.55, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SEGG a good diversifier for LII?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lii-vs-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lii-vs-segg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LII correlations · SEGG correlations
