JCSE vs ZNTL: Correlation
Measured on weekly returns over the past three years, JE Cleantech Holdings Limited (JCSE) and Zentalis Pharmaceuticals, Inc. (ZNTL) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCSE and ZNTL?
On 3 years of weekly data the JCSE/ZNTL correlation comes out at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.35 over 3 years. The 5-year figure is 0.24, and annualized covariance runs at 6858.4 %².
Within JCSE's tracked universe of 14 assets, ZNTL comes in at #6 by 3-year correlation. The trailing year gives ZNTL the advantage: +105.9% versus +113.2%, a 7.3-point spread.
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 ZNTL: side by side
| JCSE (JE Cleantech Holdings Limited) | ZNTL (Zentalis Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +105.9% | +113.2% |
| 5-year return | -96.2% | -94.1% |
| Volatility (ann.) | 123.3% | 159.7% |
| Beta vs S&P 500 | 0.09 | 2.82 |
| Max drawdown (3Y) | -64.2% | -96.2% |
| 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 | ZNTL |
|---|---|---|
| 2022 | – | -76.0% |
| 2023 | -66.0% | -24.8% |
| 2024 | +92.4% | -80.0% |
| 2025 | -23.1% | -55.4% |
| 2026 | +94.2% | +187.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCSE and ZNTL good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JCSE and ZNTL?
As of 2026-08-27, the correlation of weekly returns between JCSE and ZNTL is 0.35 over 3 years, 0.52 over 1 year and 0.24 over 5 years.
Is ZNTL a good diversifier for JCSE?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 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/jcse-vs-zntl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jcse-vs-zntl/)
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Related comparisons
Hubs: JCSE correlations · ZNTL correlations
