AQB vs JL: Correlation
AquaBounty Technologies, Inc. (AQB) and J-Long Group Limited - Class A (JL) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQB and JL?
Over the past 3 years, AQB and JL moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.22). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -11031.6 %².
Among the 10 assets we track against AQB, JL sits near the bottom by co-movement, at rank #9. The last year tells two different stories: AQB led by 60.7 percentage points, +44.3% for AQB against -16.4% for JL. One caveat on sizing: JL is 5.9 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.
AQB vs JL: side by side
| AQB (AquaBounty Technologies, Inc.) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | +44.3% | -16.4% |
| 5-year return | -98.6% | n/a |
| Volatility (ann.) | 97.8% | 580.0% |
| Beta vs S&P 500 | 1.24 | -1.02 |
| Max drawdown (3Y) | -90.6% | -98.6% |
| Market cap | – | – |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AQB | JL |
|---|---|---|
| 2022 | -63.6% | – |
| 2023 | -81.3% | – |
| 2024 | -78.0% | – |
| 2025 | +48.6% | +67.1% |
| 2026 | +40.9% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQB and JL good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AQB and JL?
As of 2026-08-27, the correlation of weekly returns between AQB and JL is -0.22 over 3 years, -0.07 over 1 year and n/a over 5 years.
Is JL a good diversifier for AQB?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/aqb-vs-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aqb-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AQB correlations · JL correlations
