JCSE vs MRNO: Correlation
JE Cleantech Holdings Limited (JCSE) and Murano Global Investments PLC (MRNO) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCSE and MRNO?
On 3 years of weekly data the JCSE/MRNO correlation comes out at 0.41, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.41). The 5-year figure is 0.31, and annualized covariance runs at 8691.3 %².
In JCSE's tracked universe of 14 assets, MRNO sits right near the top at #3. The last year tells two different stories: JCSE led by 202.3 percentage points, +105.9% for JCSE against -96.4% for MRNO.
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.
JCSE vs MRNO: side by side
| JCSE (JE Cleantech Holdings Limited) | MRNO (Murano Global Investments PLC) | |
|---|---|---|
| 1-year return | +105.9% | -96.4% |
| 5-year return | -96.2% | -97.9% |
| Volatility (ann.) | 123.3% | 170.9% |
| Beta vs S&P 500 | 0.09 | 1.65 |
| Max drawdown (3Y) | -64.2% | -99.1% |
| Market cap | – | – |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 36.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JCSE | MRNO |
|---|---|---|
| 2023 | -66.0% | +9.0% |
| 2024 | +92.4% | -8.4% |
| 2025 | -23.1% | -94.4% |
| 2026 | +94.2% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCSE and MRNO good diversifiers for each other?
Reasonably. At 0.41, JCSE and MRNO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JCSE and MRNO?
As of 2026-08-27, the correlation of weekly returns between JCSE and MRNO is 0.41 over 3 years, 0.70 over 1 year and 0.31 over 5 years.
Is MRNO a good diversifier for JCSE?
Reasonably. At 0.41, JCSE and MRNO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jcse-vs-mrno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jcse-vs-mrno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JCSE correlations · MRNO correlations
