CLWT vs JRSH: Correlation
Euro Tech Holdings Company Limited (CLWT) and Jerash Holdings (US), Inc. (JRSH) 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 CLWT and JRSH?
Over the past 3 years, CLWT and JRSH moved with a correlation of 0.40, which is moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.40). Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 552.1 %².
Within CLWT's tracked universe of 16 assets, JRSH comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JRSH outperformed by 52.1 percentage points (+22.4% for CLWT against +74.5% for JRSH). Risk is not evenly split, since CLWT carries 1.8 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.
CLWT vs JRSH: side by side
| CLWT (Euro Tech Holdings Company Limited) | JRSH (Jerash Holdings (US), Inc.) | |
|---|---|---|
| 1-year return | +22.4% | +74.5% |
| 5-year return | -52.6% | -9.0% |
| Volatility (ann.) | 49.8% | 27.8% |
| Beta vs S&P 500 | 0.40 | 0.45 |
| Max drawdown (3Y) | -44.3% | -25.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | 83.2 | 15.0 |
| Dividend yield | 0.00% | 3.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLWT | JRSH |
|---|---|---|
| 2022 | -53.6% | -37.6% |
| 2023 | +14.7% | -15.5% |
| 2024 | -11.2% | +17.2% |
| 2025 | -13.7% | -5.4% |
| 2026 | +38.7% | +89.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLWT and JRSH good diversifiers for each other?
Reasonably. At 0.40, CLWT and JRSH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLWT and JRSH?
The CLWT/JRSH correlation stands at 0.40 on a 3-year window (1 year: 0.59, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is JRSH a good diversifier for CLWT?
Reasonably. At 0.40, CLWT and JRSH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CLWT correlations · JRSH correlations
