ANAB vs JL: Correlation
Measured on weekly returns over the past three years, AnaptysBio, Inc. (ANAB) and J-Long Group Limited - Class A (JL) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANAB and JL?
On 3 years of weekly data the ANAB/JL correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.30). The 5-year figure is n/a, and annualized covariance runs at -13568.4 %².
Among the 10 assets we track against ANAB, JL sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months ANAB outperformed by 337.6 percentage points (+321.2% for ANAB against -16.4% for JL). One caveat on sizing: JL is 7.7 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.
ANAB vs JL: side by side
| ANAB (AnaptysBio, Inc.) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | +321.2% | -16.4% |
| 5-year return | +243.9% | n/a |
| Volatility (ann.) | 74.9% | 580.0% |
| Beta vs S&P 500 | 1.03 | -1.02 |
| Max drawdown (3Y) | -69.3% | -98.6% |
| Market cap | $1.7B | – |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANAB | JL |
|---|---|---|
| 2022 | -10.8% | – |
| 2023 | -30.9% | – |
| 2024 | -38.2% | – |
| 2025 | +266.2% | +67.1% |
| 2026 | +77.3% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANAB and JL good diversifiers for each other?
Yes. With a correlation of -0.30, ANAB and JL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANAB and JL?
The ANAB/JL correlation stands at -0.30 on a 3-year window (1 year: -0.05, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JL a good diversifier for ANAB?
Yes. With a correlation of -0.30, ANAB and JL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/anab-vs-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anab-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANAB correlations · JL correlations
