INO vs JL: Correlation
Inovio Pharmaceuticals, Inc. (INO) and J-Long Group Limited - Class A (JL) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INO and JL?
Across a 3-year window, the weekly returns of INO and JL correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.29). Stretching to 5 years gives n/a, with an annualized covariance of -15941.4 %².
Among the 11 assets we track against INO, JL sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with JL ahead by 32.4 points (-48.8% versus -16.4%). Risk is not evenly split, since JL carries 5.8 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.
INO vs JL: side by side
| INO (Inovio Pharmaceuticals, Inc.) | JL (J-Long Group Limited - Class A) | |
|---|---|---|
| 1-year return | -48.8% | -16.4% |
| 5-year return | -98.8% | n/a |
| Volatility (ann.) | 99.4% | 580.0% |
| Beta vs S&P 500 | 1.55 | -1.02 |
| Max drawdown (3Y) | -95.2% | -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 | INO | JL |
|---|---|---|
| 2022 | -68.7% | – |
| 2023 | -67.3% | – |
| 2024 | -70.1% | – |
| 2025 | -4.9% | +67.1% |
| 2026 | -27.6% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INO and JL good diversifiers for each other?
Yes. With a correlation of -0.29, INO and JL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INO and JL?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.06 over the last year and n/a over 5 years.
Is JL a good diversifier for INO?
Yes. With a correlation of -0.29, INO and JL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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/ino-vs-jl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ino-vs-jl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INO correlations · JL correlations
