CMTL vs JBIO: Correlation
Comtech Telecommunications Corp. (CMTL) and Jade Biosciences, Inc. (JBIO) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMTL and JBIO?
On 3 years of weekly data the CMTL/JBIO correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.20 over 3 years. The 5-year figure is -0.13, and annualized covariance runs at -2175.5 %².
Out of 11 assets tracked against CMTL, JBIO lands near the bottom at #11. The last year tells two different stories: JBIO led by 181.2 percentage points, -13.4% for CMTL against +167.8% for JBIO.
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.
CMTL vs JBIO: side by side
| CMTL (Comtech Telecommunications Corp.) | JBIO (Jade Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -13.4% | +167.8% |
| 5-year return | -92.9% | -96.3% |
| Volatility (ann.) | 100.4% | 106.5% |
| Beta vs S&P 500 | 1.44 | 0.77 |
| Max drawdown (3Y) | -90.2% | -99.4% |
| Market cap | $0.1B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMTL | JBIO |
|---|---|---|
| 2022 | -47.1% | +148.5% |
| 2023 | -30.0% | -22.8% |
| 2024 | -52.4% | -88.3% |
| 2025 | +31.9% | -82.9% |
| 2026 | -66.9% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMTL and JBIO good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CMTL and JBIO?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.01 over the last year and -0.13 over 5 years.
Is JBIO a good diversifier for CMTL?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmtl-vs-jbio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmtl-vs-jbio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMTL correlations · JBIO correlations
