JBIO vs NSYS: Correlation
How closely do Jade Biosciences, Inc. (JBIO) and Nortech Systems Incorporated (NSYS) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBIO and NSYS?
On 3 years of weekly data the JBIO/NSYS correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. The 5-year figure is -0.21, and annualized covariance runs at -1204.3 %².
Among the 15 assets we track against JBIO, NSYS sits near the bottom by co-movement, at rank #12. The last year tells two different stories: JBIO led by 131.2 percentage points, +167.8% for JBIO against +36.6% for NSYS. One caveat on sizing: JBIO is 2.0 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.
JBIO vs NSYS: side by side
| JBIO (Jade Biosciences, Inc.) | NSYS (Nortech Systems Incorporated) | |
|---|---|---|
| 1-year return | +167.8% | +36.6% |
| 5-year return | -96.3% | -4.7% |
| Volatility (ann.) | 106.5% | 52.5% |
| Beta vs S&P 500 | 0.77 | 0.23 |
| Max drawdown (3Y) | -99.4% | -62.0% |
| Market cap | $1.4B | – |
| P/E (trailing) | – | 34.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JBIO | NSYS |
|---|---|---|
| 2022 | +148.5% | +18.4% |
| 2023 | -22.8% | -23.1% |
| 2024 | -88.3% | +9.2% |
| 2025 | -82.9% | -27.8% |
| 2026 | +38.0% | +65.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBIO and NSYS 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 JBIO and NSYS?
The JBIO/NSYS correlation stands at -0.22 on a 3-year window (1 year: -0.18, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is NSYS a good diversifier for JBIO?
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?
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.
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Hubs: JBIO correlations · NSYS correlations
