JACK vs PED: Correlation
How closely do Jack In The Box Inc. (JACK) and Pedevco Corp. (PED) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JACK and PED?
Over the past 3 years, JACK and PED moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.27 over 3 years. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -854.9 %².
PED is close to the least connected end of JACK's tracked universe, ranking #11 of 13. Their recent paths diverged sharply: over the last 12 months PED outperformed by 26.1 percentage points (-13.0% for JACK against +13.1% for PED).
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.
JACK vs PED: side by side
| JACK (Jack In The Box Inc.) | PED (Pedevco Corp.) | |
|---|---|---|
| 1-year return | -13.0% | +13.1% |
| 5-year return | -83.5% | -39.7% |
| Volatility (ann.) | 58.3% | 54.0% |
| Beta vs S&P 500 | 1.31 | -0.28 |
| Max drawdown (3Y) | -88.4% | -58.3% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JACK | PED |
|---|---|---|
| 2022 | -20.2% | +3.8% |
| 2023 | +22.2% | -30.0% |
| 2024 | -47.3% | +1.0% |
| 2025 | -53.8% | -28.0% |
| 2026 | -16.1% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JACK and PED good diversifiers for each other?
Yes. With a correlation of -0.27, JACK and PED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JACK and PED?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.40 over the last year and -0.11 over 5 years.
Is PED a good diversifier for JACK?
Yes. With a correlation of -0.27, JACK and PED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/jack-vs-ped.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jack-vs-ped/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JACK correlations · PED correlations
