FRMM vs JDZG: Correlation
How closely do Forum Markets, Incorporated (FRMM) and JIADE LIMITED - Class A (JDZG) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRMM and JDZG?
Across a 3-year window, the weekly returns of FRMM and JDZG correlate at 0.51, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.51 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 32948.2 %².
By 3-year correlation, JDZG places #5 of the 15 assets tracked against FRMM. Correlation aside, the last 12 months split them widely, with FRMM ahead by 18.3 points (-81.0% versus -99.3%).
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.
FRMM vs JDZG: side by side
| FRMM (Forum Markets, Incorporated) | JDZG (JIADE LIMITED - Class A) | |
|---|---|---|
| 1-year return | -81.0% | -99.3% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 228.0% | 252.5% |
| Beta vs S&P 500 | 2.29 | 0.21 |
| Max drawdown (3Y) | -98.9% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRMM | JDZG |
|---|---|---|
| 2022 | -95.7% | – |
| 2023 | -93.7% | – |
| 2024 | -55.2% | – |
| 2025 | -73.1% | -88.0% |
| 2026 | +15.5% | -98.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRMM and JDZG good diversifiers for each other?
Only partially. A correlation of 0.51 means FRMM and JDZG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FRMM and JDZG?
As of 2026-08-27, the correlation of weekly returns between FRMM and JDZG is 0.51 over 3 years, 0.03 over 1 year and n/a over 5 years.
Is JDZG a good diversifier for FRMM?
Only partially. A correlation of 0.51 means FRMM and JDZG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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
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Related comparisons
Hubs: FRMM correlations · JDZG correlations
