HURN vs JDZG: Correlation
Measured on weekly returns over the past three years, Huron Consulting Group Inc. (HURN) and JIADE LIMITED - Class A (JDZG) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURN and JDZG?
On 3 years of weekly data the HURN/JDZG correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.59 versus -0.35 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -4199.1 %².
Among the 19 assets we track against HURN, JDZG sits near the bottom by co-movement, at rank #19. Their recent paths diverged sharply: over the last 12 months HURN outperformed by 114.9 percentage points (+15.6% for HURN against -99.3% for JDZG). Note the risk asymmetry: JDZG runs 6.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HURN vs JDZG: side by side
| HURN (Huron Consulting Group Inc.) | JDZG (JIADE LIMITED - Class A) | |
|---|---|---|
| 1-year return | +15.6% | -99.3% |
| 5-year return | +229.3% | n/a |
| Volatility (ann.) | 42.3% | 252.5% |
| Beta vs S&P 500 | 0.53 | 0.21 |
| Max drawdown (3Y) | -51.4% | -100.0% |
| Market cap | $2.5B | – |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HURN | JDZG |
|---|---|---|
| 2022 | +45.5% | – |
| 2023 | +41.6% | – |
| 2024 | +20.9% | – |
| 2025 | +39.2% | -88.0% |
| 2026 | -7.6% | -98.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURN and JDZG good diversifiers for each other?
Yes. With a correlation of -0.35, HURN and JDZG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HURN and JDZG?
The HURN/JDZG correlation stands at -0.35 on a 3-year window (1 year: -0.59, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JDZG a good diversifier for HURN?
Yes. With a correlation of -0.35, HURN and JDZG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
A reading of -0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HURN correlations · JDZG correlations
