APWC vs JRSH: Correlation
Measured on weekly returns over the past three years, Asia Pacific Wire & Cable Corporation Limited (APWC) and Jerash Holdings (US), Inc. (JRSH) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APWC and JRSH?
Across a 3-year window, the weekly returns of APWC and JRSH correlate at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.40). Stretching to 5 years gives 0.20, with an annualized covariance of 547.6 %².
Few assets follow APWC as closely as JRSH, which ranks #2 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with JRSH ahead by 96.6 points (-22.1% versus +74.5%). Note the risk asymmetry: APWC runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
APWC vs JRSH: side by side
| APWC (Asia Pacific Wire & Cable Corporation Limited) | JRSH (Jerash Holdings (US), Inc.) | |
|---|---|---|
| 1-year return | -22.1% | +74.5% |
| 5-year return | -59.0% | -9.0% |
| Volatility (ann.) | 48.8% | 27.8% |
| Beta vs S&P 500 | 0.50 | 0.45 |
| Max drawdown (3Y) | -42.4% | -25.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 5.0 | 15.0 |
| Dividend yield | 0.00% | 3.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APWC | JRSH |
|---|---|---|
| 2022 | -29.4% | -37.6% |
| 2023 | -13.2% | -15.5% |
| 2024 | +17.6% | +17.2% |
| 2025 | +26.5% | -5.4% |
| 2026 | -24.2% | +89.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APWC and JRSH good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APWC and JRSH?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.64 over the last year and 0.20 over 5 years.
Is JRSH a good diversifier for APWC?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apwc-vs-jrsh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/apwc-vs-jrsh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APWC correlations · JRSH correlations
