DJCO vs WLDS: Correlation
Measured on weekly returns over the past three years, Daily Journal Corp. (S.C.) (DJCO) and Wearable Devices Ltd. (WLDS) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJCO and WLDS?
Over the past 3 years, DJCO and WLDS moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.26 over 3 years. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -4894.0 %².
Out of 11 assets tracked against DJCO, WLDS lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with DJCO ahead by 111.6 points (+35.1% versus -76.5%). One caveat on sizing: WLDS is 12.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DJCO vs WLDS: side by side
| DJCO (Daily Journal Corp. (S.C.)) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | +35.1% | -76.5% |
| 5-year return | +91.2% | n/a |
| Volatility (ann.) | 39.6% | 475.5% |
| Beta vs S&P 500 | 0.79 | 3.22 |
| Max drawdown (3Y) | -38.0% | -99.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DJCO | WLDS |
|---|---|---|
| 2022 | -29.8% | – |
| 2023 | +36.1% | -21.1% |
| 2024 | +66.7% | -68.3% |
| 2025 | -14.2% | -86.9% |
| 2026 | +29.5% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJCO and WLDS good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DJCO and WLDS?
As of 2026-08-27, the correlation of weekly returns between DJCO and WLDS is -0.26 over 3 years, -0.41 over 1 year and -0.22 over 5 years.
Is WLDS a good diversifier for DJCO?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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/djco-vs-wlds.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/djco-vs-wlds/)
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Related comparisons
Hubs: DJCO correlations · WLDS correlations
