CPHI vs JTAI: Correlation
How closely do China Pharma Holdings, Inc. (CPHI) and Jet.AI Inc. (JTAI) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPHI and JTAI?
Over the past 3 years, CPHI and JTAI moved with a correlation of 0.40, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.40 over 3 years. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 10567.7 %².
Among the 16 assets we track against CPHI, JTAI ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CPHI outperformed by 60.9 percentage points (-36.7% for CPHI against -97.6% for JTAI). Risk is not evenly split, since JTAI carries 2.1 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.
CPHI vs JTAI: side by side
| CPHI (China Pharma Holdings, Inc.) | JTAI (Jet.AI Inc.) | |
|---|---|---|
| 1-year return | -36.7% | -97.6% |
| 5-year return | -99.7% | -100.0% |
| Volatility (ann.) | 112.2% | 233.8% |
| Beta vs S&P 500 | 0.27 | 0.55 |
| Max drawdown (3Y) | -95.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPHI | JTAI |
|---|---|---|
| 2022 | -79.2% | +5.6% |
| 2023 | -88.0% | -86.2% |
| 2024 | -61.7% | -98.6% |
| 2025 | -47.4% | -87.1% |
| 2026 | -26.8% | -85.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPHI and JTAI good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CPHI and JTAI?
The CPHI/JTAI correlation stands at 0.40 on a 3-year window (1 year: 0.55, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is JTAI a good diversifier for CPHI?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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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Related comparisons
Hubs: CPHI correlations · JTAI correlations
