SEGG vs WERN: Correlation
Measured on weekly returns over the past three years, Sports Entertainment Gaming Global Corporation (SEGG) and Werner Enterprises, Inc. (WERN) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SEGG and WERN?
Over the past 3 years, SEGG and WERN moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2372.1 %².
Within SEGG's tracked universe of 29 assets, WERN comes in at #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WERN ahead by 92.8 points (-56.8% versus +36.0%). Risk is not evenly split, since SEGG carries 13.0 times the volatility of the other side.
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 WERN: side by side
| SEGG (Sports Entertainment Gaming Global Corporation) | WERN (Werner Enterprises, Inc.) | |
|---|---|---|
| 1-year return | -56.8% | +36.0% |
| 5-year return | n/a | -14.3% |
| Volatility (ann.) | 389.2% | 29.9% |
| Beta vs S&P 500 | 0.24 | 0.80 |
| Max drawdown (3Y) | -98.9% | -44.5% |
| Market cap | – | $2.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SEGG | WERN |
|---|---|---|
| 2022 | – | -14.4% |
| 2023 | – | +6.6% |
| 2024 | -82.1% | -14.2% |
| 2025 | -84.9% | -14.9% |
| 2026 | +274.0% | +30.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SEGG and WERN good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SEGG and WERN?
As of 2026-08-27, the correlation of weekly returns between SEGG and WERN is -0.20 over 3 years, -0.26 over 1 year and n/a over 5 years.
Is WERN a good diversifier for SEGG?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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-wern.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/segg-vs-wern/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SEGG correlations · WERN correlations
