CI vs JL: Correlation
How closely do Cigna (CI) and J-Long Group Limited - Class A (JL) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CI and JL?
Across a 3-year window, the weekly returns of CI and JL correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.25). Stretching to 5 years gives n/a, with an annualized covariance of -3784.9 %².
Out of 30 assets tracked against CI, JL lands near the bottom at #28. On 12-month performance CI holds a 11.0-point edge, -5.4% against -16.4%. Note the risk asymmetry: JL runs 21.7 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.
CI vs JL: side by side
| CI (Cigna) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | -5.4% | -16.4% |
| 5-year return | +46.7% | n/a |
| Volatility (ann.) | 26.7% | 580.0% |
| Beta vs S&P 500 | 0.22 | -1.02 |
| Max drawdown (3Y) | -32.1% | -98.6% |
| Market cap | $73.4B | – |
| P/E (trailing) | 11.6 | 6.5 |
| Dividend yield | 2.19% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CI | JL |
|---|---|---|
| 2022 | +46.7% | – |
| 2023 | -8.0% | – |
| 2024 | -6.3% | – |
| 2025 | +1.7% | +67.1% |
| 2026 | +2.0% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CI and JL good diversifiers for each other?
Yes. With a correlation of -0.25, CI and JL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CI and JL?
As of 2026-08-27, the correlation of weekly returns between CI and JL is -0.25 over 3 years, 0.04 over 1 year and n/a over 5 years.
Is JL a good diversifier for CI?
Yes. With a correlation of -0.25, CI and JL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/ci-vs-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ci-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CI correlations · JL correlations
