J vs WALD: Correlation
Jacobs Solutions (J) and Waldencast plc - Class A (WALD) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are J and WALD?
Across a 3-year window, the weekly returns of J and WALD correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.15, with an annualized covariance of -527.3 %².
By 3-year correlation, WALD places #28 of the 34 assets tracked against J. The last year tells two different stories: J led by 18.6 percentage points, +2.6% for J against -16.0% for WALD. Note the risk asymmetry: WALD runs 3.7 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.
J vs WALD: side by side
| J (Jacobs Solutions) | WALD (Waldencast plc - Class A) | |
|---|---|---|
| 1-year return | +2.6% | -16.0% |
| 5-year return | +40.5% | -86.1% |
| Volatility (ann.) | 25.7% | 95.0% |
| Beta vs S&P 500 | 0.77 | 0.48 |
| Max drawdown (3Y) | -34.4% | -93.4% |
| Market cap | $17.6B | $0.2B |
| P/E (trailing) | 49.9 | – |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | J | WALD |
|---|---|---|
| 2022 | -13.1% | -8.8% |
| 2023 | +9.0% | +20.6% |
| 2024 | +24.2% | -63.3% |
| 2025 | +1.1% | -53.2% |
| 2026 | +14.6% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are J and WALD good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between J and WALD?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.42 over the last year and -0.15 over 5 years.
Is WALD a good diversifier for J?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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
$ curl https://www.pairbook.io/api/v1/pairs/j-vs-wald.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/j-vs-wald/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: J correlations · WALD correlations
