QNTM vs SEGG: Correlation
Measured on weekly returns over the past three years, Quantum Biopharma Ltd. - Class B Subordinate Voting Shares (QNTM) and Sports Entertainment Gaming Global Corporation (SEGG) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QNTM and SEGG?
Over the past 3 years, QNTM and SEGG moved with a correlation of 0.43, which is moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.43). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 38812.9 %².
In QNTM's tracked universe of 14 assets, SEGG sits right near the top at #3. Correlation aside, the last 12 months split them widely, with SEGG ahead by 24.5 points (-81.3% versus -56.8%). Note the risk asymmetry: SEGG runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
QNTM vs SEGG: side by side
| QNTM (Quantum Biopharma Ltd. - Class B Subordinate Voting Shares) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | -81.3% | -56.8% |
| 5-year return | -97.4% | n/a |
| Volatility (ann.) | 230.6% | 389.2% |
| Beta vs S&P 500 | 0.93 | 0.24 |
| Max drawdown (3Y) | -98.0% | -98.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QNTM | SEGG |
|---|---|---|
| 2022 | -22.7% | – |
| 2023 | +16.8% | – |
| 2024 | -93.8% | -82.1% |
| 2025 | +98.4% | -84.9% |
| 2026 | -57.1% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNTM and SEGG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QNTM and SEGG?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.05 over the last year and n/a over 5 years.
Is SEGG a good diversifier for QNTM?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qntm-vs-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qntm-vs-segg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QNTM correlations · SEGG correlations
