EBON vs ZJYL: Correlation
Measured on weekly returns over the past three years, Ebang International Holdings Inc. - Class A (EBON) and JIN MEDICAL INTERNATIONAL LTD. - Class A (ZJYL) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBON and ZJYL?
Over the past 3 years, EBON and ZJYL moved with a correlation of 0.49, which is moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.49). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 11506.5 %².
Among the 14 assets we track against EBON, ZJYL ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EBON ahead by 42.2 points (-43.5% versus -85.7%). Risk is not evenly split, since ZJYL carries 3.1 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.
EBON vs ZJYL: side by side
| EBON (Ebang International Holdings Inc. - Class A) | ZJYL (JIN MEDICAL INTERNATIONAL LTD. - Class A) | |
|---|---|---|
| 1-year return | -43.5% | -85.7% |
| 5-year return | -97.1% | n/a |
| Volatility (ann.) | 87.4% | 270.7% |
| Beta vs S&P 500 | 1.50 | 1.23 |
| Max drawdown (3Y) | -90.4% | -99.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 13.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EBON | ZJYL |
|---|---|---|
| 2022 | -90.6% | – |
| 2023 | +425.8% | – |
| 2024 | -62.6% | -93.7% |
| 2025 | -46.5% | -71.7% |
| 2026 | -27.4% | -46.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBON and ZJYL good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EBON and ZJYL?
As of 2026-08-27, the correlation of weekly returns between EBON and ZJYL is 0.49 over 3 years, 0.21 over 1 year and n/a over 5 years.
Is ZJYL a good diversifier for EBON?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ebon-vs-zjyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ebon-vs-zjyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EBON correlations · ZJYL correlations
