BEEP vs JL: Correlation
Mobile Infrastructure Corporation (BEEP) and J-Long Group Limited - Class A (JL) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEEP and JL?
Over the past 3 years, BEEP and JL moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (-0.04) than the 3-year average (0.40). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 16105.7 %².
JL is one of the assets that tracks BEEP most closely: it ranks #1 out of the 11 assets we track against BEEP. Twelve-month performance is nearly a tie, at -21.3% for BEEP and -16.4% for JL. Risk is not evenly split, since JL carries 8.3 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.
BEEP vs JL: side by side
| BEEP (Mobile Infrastructure Corporation) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | -21.3% | -16.4% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 69.9% | 580.0% |
| Beta vs S&P 500 | 1.14 | -1.02 |
| Max drawdown (3Y) | -86.7% | -98.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEEP | JL |
|---|---|---|
| 2024 | +11.1% | – |
| 2025 | -43.3% | +67.1% |
| 2026 | +17.6% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEEP and JL good diversifiers for each other?
Reasonably. At 0.40, BEEP and JL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BEEP and JL?
The BEEP/JL correlation stands at 0.40 on a 3-year window (1 year: -0.04, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JL a good diversifier for BEEP?
Reasonably. At 0.40, BEEP and JL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/beep-vs-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/beep-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BEEP correlations · JL correlations
