JAZZ vs LIVE: Correlation
Measured on weekly returns over the past three years, Jazz Pharmaceuticals plc (JAZZ) and Live Ventures Incorporated (LIVE) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JAZZ and LIVE?
Across a 3-year window, the weekly returns of JAZZ and LIVE correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.17, with an annualized covariance of -791.3 %².
LIVE is close to the least connected end of JAZZ's tracked universe, ranking #12 of 14. Their recent paths diverged sharply: over the last 12 months JAZZ outperformed by 154.9 percentage points (+101.8% for JAZZ against -53.1% for LIVE). One caveat on sizing: LIVE is 2.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
JAZZ vs LIVE: side by side
| JAZZ (Jazz Pharmaceuticals plc) | LIVE (Live Ventures Incorporated) | |
|---|---|---|
| 1-year return | +101.8% | -53.1% |
| 5-year return | +90.9% | -76.0% |
| Volatility (ann.) | 34.6% | 94.6% |
| Beta vs S&P 500 | 0.60 | 0.30 |
| Max drawdown (3Y) | -32.7% | -76.8% |
| Market cap | $16.3B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JAZZ | LIVE |
|---|---|---|
| 2022 | +25.0% | -0.7% |
| 2023 | -22.8% | -18.8% |
| 2024 | +0.1% | -63.3% |
| 2025 | +38.0% | +58.6% |
| 2026 | +47.7% | -37.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JAZZ and LIVE good diversifiers for each other?
Yes. With a correlation of -0.24, JAZZ and LIVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JAZZ and LIVE?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.36 over the last year and -0.17 over 5 years.
Is LIVE a good diversifier for JAZZ?
Yes. With a correlation of -0.24, JAZZ and LIVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/jazz-vs-live.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jazz-vs-live/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JAZZ correlations · LIVE correlations
