SEGG vs TXT: Correlation
Measured on weekly returns over the past three years, Sports Entertainment Gaming Global Corporation (SEGG) and Textron (TXT) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SEGG and TXT?
Across a 3-year window, the weekly returns of SEGG and TXT correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.21 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2094.5 %².
Among the 29 assets we track against SEGG, TXT ranks #19 by 3-year correlation. The last year tells two different stories: TXT led by 57.5 percentage points, -56.8% for SEGG against +0.7% for TXT. One caveat on sizing: SEGG is 15.3 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.
SEGG vs TXT: side by side
| SEGG (Sports Entertainment Gaming Global Corporation) | TXT (Textron) | |
|---|---|---|
| 1-year return | -56.8% | +0.7% |
| 5-year return | n/a | +15.1% |
| Volatility (ann.) | 389.2% | 25.4% |
| Beta vs S&P 500 | 0.24 | 0.89 |
| Max drawdown (3Y) | -98.9% | -37.3% |
| Market cap | – | $14.2B |
| P/E (trailing) | – | 15.7 |
| Dividend yield | 0.00% | 0.10% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | SEGG | TXT |
|---|---|---|
| 2022 | – | -8.2% |
| 2023 | – | +13.7% |
| 2024 | -82.1% | -4.8% |
| 2025 | -84.9% | +14.1% |
| 2026 | +274.0% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SEGG and TXT good diversifiers for each other?
Yes. With a correlation of -0.21, SEGG and TXT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SEGG and TXT?
As of 2026-08-27, the correlation of weekly returns between SEGG and TXT is -0.21 over 3 years, -0.38 over 1 year and n/a over 5 years.
Is TXT a good diversifier for SEGG?
Yes. With a correlation of -0.21, SEGG and TXT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/segg-vs-txt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/segg-vs-txt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SEGG correlations · TXT correlations
