CTRM vs JBIO: Correlation
Castor Maritime Inc. (CTRM) and Jade Biosciences, Inc. (JBIO) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRM and JBIO?
On 3 years of weekly data the CTRM/JBIO correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.19 over 3 years. The 5-year figure is -0.04, and annualized covariance runs at -1069.2 %².
Among the 12 assets we track against CTRM, JBIO sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with JBIO ahead by 155.7 points (+12.1% versus +167.8%). Risk is not evenly split, since JBIO 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.
CTRM vs JBIO: side by side
| CTRM (Castor Maritime Inc.) | JBIO (Jade Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +12.1% | +167.8% |
| 5-year return | -89.2% | -96.3% |
| Volatility (ann.) | 51.7% | 106.5% |
| Beta vs S&P 500 | 0.35 | 0.77 |
| Max drawdown (3Y) | -72.3% | -99.4% |
| Market cap | – | $1.4B |
| P/E (trailing) | 0.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRM | JBIO |
|---|---|---|
| 2022 | -21.1% | +148.5% |
| 2023 | -62.1% | -22.8% |
| 2024 | -35.3% | -88.3% |
| 2025 | -24.7% | -82.9% |
| 2026 | +15.9% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRM and JBIO good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTRM and JBIO?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with 0.02 over the last year and -0.04 over 5 years.
Is JBIO a good diversifier for CTRM?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/ctrm-vs-jbio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctrm-vs-jbio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTRM correlations · JBIO correlations
