ENTA vs JL: Correlation
Measured on weekly returns over the past three years, Enanta Pharmaceuticals, Inc. (ENTA) and J-Long Group Limited - Class A (JL) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTA and JL?
Over the past 3 years, ENTA and JL moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.22). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -9205.0 %².
Out of 15 assets tracked against ENTA, JL lands near the bottom at #13. The last year tells two different stories: ENTA led by 78.2 percentage points, +61.8% for ENTA against -16.4% for JL. One caveat on sizing: JL is 8.2 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.
ENTA vs JL: side by side
| ENTA (Enanta Pharmaceuticals, Inc.) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | +61.8% | -16.4% |
| 5-year return | -75.7% | n/a |
| Volatility (ann.) | 70.9% | 580.0% |
| Beta vs S&P 500 | 1.57 | -1.02 |
| Max drawdown (3Y) | -75.6% | -98.6% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENTA | JL |
|---|---|---|
| 2022 | -37.8% | – |
| 2023 | -79.8% | – |
| 2024 | -38.9% | – |
| 2025 | +174.3% | +67.1% |
| 2026 | -12.5% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTA and JL good diversifiers for each other?
Yes. With a correlation of -0.22, ENTA and JL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENTA and JL?
The ENTA/JL correlation stands at -0.22 on a 3-year window (1 year: 0.01, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JL a good diversifier for ENTA?
Yes. With a correlation of -0.22, ENTA and JL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/enta-vs-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/enta-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENTA correlations · JL correlations
