JAZZ vs UONEK: Correlation
Jazz Pharmaceuticals plc (JAZZ) and Urban One, Inc. (UONEK) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JAZZ and UONEK?
Over the past 3 years, JAZZ and UONEK moved with a correlation of 0.40, which is moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.40). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1135.3 %².
By 3-year correlation, UONEK places #8 of the 14 assets tracked against JAZZ. Their recent paths diverged sharply: over the last 12 months JAZZ outperformed by 148.6 percentage points (+101.8% for JAZZ against -46.8% for UONEK). Note the risk asymmetry: UONEK runs 2.4 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.
JAZZ vs UONEK: side by side
| JAZZ (Jazz Pharmaceuticals plc) | UONEK (Urban One, Inc.) | |
|---|---|---|
| 1-year return | +101.8% | -46.8% |
| 5-year return | +90.9% | -93.7% |
| Volatility (ann.) | 34.6% | 82.3% |
| Beta vs S&P 500 | 0.60 | 0.73 |
| Max drawdown (3Y) | -32.7% | -93.1% |
| 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 | UONEK |
|---|---|---|
| 2022 | +25.0% | +10.9% |
| 2023 | -22.8% | -6.1% |
| 2024 | +0.1% | -71.7% |
| 2025 | +38.0% | -14.0% |
| 2026 | +47.7% | -49.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JAZZ and UONEK good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JAZZ and UONEK?
As of 2026-08-27, the correlation of weekly returns between JAZZ and UONEK is 0.40 over 3 years, 0.52 over 1 year and 0.32 over 5 years.
Is UONEK a good diversifier for JAZZ?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jazz-vs-uonek.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: JAZZ correlations · UONEK correlations
