HDSN vs JBI: Correlation
Hudson Technologies, Inc. (HDSN) and Janus International Group, Inc. (JBI) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HDSN and JBI?
On 3 years of weekly data the HDSN/JBI correlation comes out at 0.43, moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.43). The 5-year figure is 0.27, and annualized covariance runs at 823.9 %².
JBI is one of the assets that tracks HDSN most closely: it ranks #1 out of the 12 assets we track against HDSN. On 12-month performance HDSN holds a 6.1-point edge, -46.5% against -52.6%.
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.
HDSN vs JBI: side by side
| HDSN (Hudson Technologies, Inc.) | JBI (Janus International Group, Inc.) | |
|---|---|---|
| 1-year return | -46.5% | -52.6% |
| 5-year return | +68.6% | -66.6% |
| Volatility (ann.) | 41.6% | 46.0% |
| Beta vs S&P 500 | 0.74 | 1.01 |
| Max drawdown (3Y) | -67.6% | -69.3% |
| Market cap | $0.2B | $0.7B |
| P/E (trailing) | 24.9 | 21.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HDSN | JBI |
|---|---|---|
| 2022 | +127.9% | -24.0% |
| 2023 | +33.3% | +37.1% |
| 2024 | -58.6% | -43.7% |
| 2025 | +22.8% | -11.0% |
| 2026 | -20.0% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HDSN and JBI good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HDSN and JBI?
The HDSN/JBI correlation stands at 0.43 on a 3-year window (1 year: 0.59, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is JBI a good diversifier for HDSN?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
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Related comparisons
Hubs: HDSN correlations · JBI correlations
