CLRB vs JL: Correlation
How closely do Cellectar Biosciences, Inc. (CLRB) and J-Long Group Limited - Class A (JL) trade together? Their weekly returns over three years give a correlation of -0.50, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRB and JL?
Across a 3-year window, the weekly returns of CLRB and JL correlate at -0.50, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.04 versus -0.50 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -28354.1 %².
Out of 10 assets tracked against CLRB, JL lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months JL outperformed by 30.9 percentage points (-47.3% for CLRB against -16.4% for JL). Note the risk asymmetry: JL runs 6.0 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.
CLRB vs JL: side by side
| CLRB (Cellectar Biosciences, Inc.) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | -47.3% | -16.4% |
| 5-year return | -99.1% | n/a |
| Volatility (ann.) | 97.2% | 580.0% |
| Beta vs S&P 500 | 1.43 | -1.02 |
| Max drawdown (3Y) | -98.2% | -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 | CLRB | JL |
|---|---|---|
| 2022 | -74.1% | – |
| 2023 | +62.0% | – |
| 2024 | -89.2% | – |
| 2025 | -67.2% | +67.1% |
| 2026 | -13.9% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRB and JL good diversifiers for each other?
By historical standards, yes. A correlation of -0.50 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLRB and JL?
As of 2026-08-27, the correlation of weekly returns between CLRB and JL is -0.50 over 3 years, 0.04 over 1 year and n/a over 5 years.
Is JL a good diversifier for CLRB?
By historical standards, yes. A correlation of -0.50 means the two rarely move for the same reasons.
What does a correlation of -0.50 mean?
On the −1 to +1 scale, -0.50 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/clrb-vs-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clrb-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLRB correlations · JL correlations
