CSBR vs JL: Correlation
Measured on weekly returns over the past three years, Champions Oncology, Inc. (CSBR) and J-Long Group Limited - Class A (JL) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSBR and JL?
Across a 3-year window, the weekly returns of CSBR and JL correlate at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.10 versus 0.41 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 13357.2 %².
JL is one of the assets that tracks CSBR most closely: it ranks #1 out of the 11 assets we track against CSBR. The trailing year gives JL the advantage: -23.9% versus -16.4%, a 7.5-point spread. Risk is not evenly split, since JL carries 10.4 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.
CSBR vs JL: side by side
| CSBR (Champions Oncology, Inc.) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | -23.9% | -16.4% |
| 5-year return | -49.7% | n/a |
| Volatility (ann.) | 55.9% | 580.0% |
| Beta vs S&P 500 | 0.24 | -1.02 |
| Max drawdown (3Y) | -57.9% | -98.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSBR | JL |
|---|---|---|
| 2022 | -46.1% | – |
| 2023 | +24.6% | – |
| 2024 | +52.5% | – |
| 2025 | -19.4% | +67.1% |
| 2026 | -27.4% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSBR and JL good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CSBR and JL?
The CSBR/JL correlation stands at 0.41 on a 3-year window (1 year: -0.10, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JL a good diversifier for CSBR?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/csbr-vs-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csbr-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CSBR correlations · JL correlations
