RPID vs SEGG: Correlation
Rapid Micro Biosystems, Inc. (RPID) and Sports Entertainment Gaming Global Corporation (SEGG) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RPID and SEGG?
Across a 3-year window, the weekly returns of RPID and SEGG correlate at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.35 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 11809.0 %².
In RPID's tracked universe of 10 assets, SEGG sits right near the top at #2. The last year tells two different stories: RPID led by 19.7 percentage points, -37.1% for RPID against -56.8% for SEGG. One caveat on sizing: SEGG is 4.5 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.
RPID vs SEGG: side by side
| RPID (Rapid Micro Biosystems, Inc.) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | -37.1% | -56.8% |
| 5-year return | -92.2% | n/a |
| Volatility (ann.) | 85.8% | 389.2% |
| Beta vs S&P 500 | 0.88 | 0.24 |
| Max drawdown (3Y) | -66.9% | -98.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RPID | SEGG |
|---|---|---|
| 2022 | -89.4% | – |
| 2023 | -34.5% | – |
| 2024 | +21.6% | -82.1% |
| 2025 | +222.2% | -84.9% |
| 2026 | -44.5% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RPID and SEGG 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 RPID and SEGG?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.23 over the last year and n/a over 5 years.
Is SEGG a good diversifier for RPID?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rpid-vs-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rpid-vs-segg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RPID correlations · SEGG correlations
