FGBI vs JCSE: Correlation
First Guaranty Bancshares, Inc. (FGBI) and JE Cleantech Holdings Limited (JCSE) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FGBI and JCSE?
Across a 3-year window, the weekly returns of FGBI and JCSE correlate at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.36 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 2314.7 %².
Among the 11 assets we track against FGBI, JCSE ranks #5 by 3-year correlation. The last year tells two different stories: JCSE led by 103.2 percentage points, +2.7% for FGBI against +105.9% for JCSE. Risk is not evenly split, since JCSE carries 2.3 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.
FGBI vs JCSE: side by side
| FGBI (First Guaranty Bancshares, Inc.) | JCSE (JE Cleantech Holdings Limited) | |
|---|---|---|
| 1-year return | +2.7% | +105.9% |
| 5-year return | -46.6% | -96.2% |
| Volatility (ann.) | 52.8% | 123.3% |
| Beta vs S&P 500 | 0.28 | 0.09 |
| Max drawdown (3Y) | -70.0% | -64.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 3.1 |
| Dividend yield | 0.49% | 36.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FGBI | JCSE |
|---|---|---|
| 2022 | +18.2% | – |
| 2023 | -50.2% | -66.0% |
| 2024 | +6.6% | +92.4% |
| 2025 | -52.5% | -23.1% |
| 2026 | +51.4% | +94.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FGBI and JCSE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FGBI and JCSE?
The FGBI/JCSE correlation stands at 0.36 on a 3-year window (1 year: 0.58, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is JCSE a good diversifier for FGBI?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/fgbi-vs-jcse.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fgbi-vs-jcse/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FGBI correlations · JCSE correlations
