BOTJ vs JAGX: Correlation
How closely do Bank of the James Financial Group, Inc. (BOTJ) and Jaguar Health, Inc. (JAGX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOTJ and JAGX?
Across a 3-year window, the weekly returns of BOTJ and JAGX correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -861.2 %².
Within BOTJ's tracked universe of 16 assets, JAGX comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BOTJ ahead by 177.1 points (+78.5% versus -98.6%). Risk is not evenly split, since JAGX carries 6.2 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.
BOTJ vs JAGX: side by side
| BOTJ (Bank of the James Financial Group, Inc.) | JAGX (Jaguar Health, Inc.) | |
|---|---|---|
| 1-year return | +78.5% | -98.6% |
| 5-year return | +119.5% | -100.0% |
| Volatility (ann.) | 25.5% | 159.2% |
| Beta vs S&P 500 | 0.22 | 1.63 |
| Max drawdown (3Y) | -27.8% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | 10.6 | 0.0 |
| Dividend yield | 1.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOTJ | JAGX |
|---|---|---|
| 2022 | -21.2% | -91.6% |
| 2023 | +5.8% | -97.7% |
| 2024 | +34.1% | -88.9% |
| 2025 | +20.3% | -96.3% |
| 2026 | +46.4% | -97.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOTJ and JAGX good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between BOTJ and JAGX?
The BOTJ/JAGX correlation stands at -0.21 on a 3-year window (1 year: -0.15, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is JAGX a good diversifier for BOTJ?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: BOTJ correlations · JAGX correlations