JCSE vs SERV: Correlation
Measured on weekly returns over the past three years, JE Cleantech Holdings Limited (JCSE) and Serve Robotics Inc. (SERV) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCSE and SERV?
On 3 years of weekly data the JCSE/SERV correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.36 over 3. The 5-year figure is n/a, and annualized covariance runs at 8643.7 %².
Within JCSE's tracked universe of 14 assets, SERV comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JCSE outperformed by 163.9 percentage points (+105.9% for JCSE against -58.0% for SERV). Risk is not evenly split, since SERV carries 1.5 times the volatility of the other side.
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 SERV: side by side
| JCSE (JE Cleantech Holdings Limited) | SERV (Serve Robotics Inc.) | |
|---|---|---|
| 1-year return | +105.9% | -58.0% |
| 5-year return | -96.2% | n/a |
| Volatility (ann.) | 123.3% | 186.9% |
| Beta vs S&P 500 | 0.09 | 1.18 |
| Max drawdown (3Y) | -64.2% | -92.4% |
| Market cap | – | $0.4B |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 36.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JCSE | SERV |
|---|---|---|
| 2023 | -66.0% | – |
| 2024 | +92.4% | – |
| 2025 | -23.1% | -23.1% |
| 2026 | +94.2% | -53.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCSE and SERV good diversifiers for each other?
Reasonably. At 0.36, JCSE and SERV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JCSE and SERV?
As of 2026-08-27, the correlation of weekly returns between JCSE and SERV is 0.36 over 3 years, 0.37 over 1 year and n/a over 5 years.
Is SERV a good diversifier for JCSE?
Reasonably. At 0.36, JCSE and SERV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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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Related comparisons
Hubs: JCSE correlations · SERV correlations
