PHR vs SGA: Correlation
How closely do Phreesia, Inc. (PHR) and Saga Communications, Inc. (SGA) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHR and SGA?
Across a 3-year window, the weekly returns of PHR and SGA correlate at 0.35, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.35 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 618.9 %².
Out of 13 assets tracked against PHR, SGA lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with SGA ahead by 39.6 points (-62.9% versus -23.3%). One caveat on sizing: PHR is 1.9 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.
PHR vs SGA: side by side
| PHR (Phreesia, Inc.) | SGA (Saga Communications, Inc.) | |
|---|---|---|
| 1-year return | -62.9% | -23.3% |
| 5-year return | -83.5% | -34.9% |
| Volatility (ann.) | 57.6% | 30.7% |
| Beta vs S&P 500 | 1.57 | 0.43 |
| Max drawdown (3Y) | -75.2% | -58.1% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | 74.1 | – |
| Dividend yield | 0.00% | 10.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PHR | SGA |
|---|---|---|
| 2022 | -22.3% | +16.8% |
| 2023 | -28.5% | +6.8% |
| 2024 | +8.7% | -45.9% |
| 2025 | -32.8% | +12.4% |
| 2026 | -29.9% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHR and SGA good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PHR and SGA?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.31 over the last year and 0.28 over 5 years.
Is SGA a good diversifier for PHR?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PHR correlations · SGA correlations
