GNSS vs JL: Correlation
Measured on weekly returns over the past three years, Genasys Inc. (GNSS) and J-Long Group Limited - Class A (JL) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNSS and JL?
Across a 3-year window, the weekly returns of GNSS and JL correlate at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.30 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -10558.9 %².
JL is close to the least connected end of GNSS's tracked universe, ranking #9 of 11. Twelve-month performance is nearly a tie, at -19.3% for GNSS and -16.4% for JL. Risk is not evenly split, since JL carries 9.4 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.
GNSS vs JL: side by side
| GNSS (Genasys Inc.) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | -19.3% | -16.4% |
| 5-year return | -71.2% | n/a |
| Volatility (ann.) | 61.5% | 580.0% |
| Beta vs S&P 500 | 1.53 | -1.02 |
| Max drawdown (3Y) | -63.2% | -98.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNSS | JL |
|---|---|---|
| 2022 | -7.0% | – |
| 2023 | -45.1% | – |
| 2024 | +28.1% | – |
| 2025 | -17.3% | +67.1% |
| 2026 | -27.9% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNSS and JL good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GNSS and JL?
As of 2026-08-27, the correlation of weekly returns between GNSS and JL is -0.30 over 3 years, 0.09 over 1 year and n/a over 5 years.
Is JL a good diversifier for GNSS?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gnss-vs-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gnss-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GNSS correlations · JL correlations
