ADBE vs JL: Correlation
How closely do Adobe Inc. (ADBE) and J-Long Group Limited - Class A (JL) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADBE and JL?
Over the past 3 years, ADBE and JL moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.09) than the 3-year average (-0.27). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -5694.1 %².
By 3-year correlation, JL places #26 of the 32 assets tracked against ADBE. Twelve-month performance is nearly a tie, at -18.9% for ADBE and -16.4% for JL. Risk is not evenly split, since JL carries 16.5 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.
ADBE vs JL: side by side
| ADBE (Adobe Inc.) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | -18.9% | -16.4% |
| 5-year return | -56.6% | n/a |
| Volatility (ann.) | 35.1% | 580.0% |
| Beta vs S&P 500 | 1.04 | -1.02 |
| Max drawdown (3Y) | -69.5% | -98.6% |
| Market cap | $114.9B | – |
| P/E (trailing) | 15.6 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADBE | JL |
|---|---|---|
| 2022 | -40.7% | – |
| 2023 | +77.3% | – |
| 2024 | -25.5% | – |
| 2025 | -21.3% | +67.1% |
| 2026 | -17.4% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADBE and JL good diversifiers for each other?
Yes. With a correlation of -0.27, ADBE and JL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADBE and JL?
The ADBE/JL correlation stands at -0.27 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JL a good diversifier for ADBE?
Yes. With a correlation of -0.27, ADBE and JL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/adbe-vs-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adbe-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADBE correlations · JL correlations
