JCTC vs LB: Correlation
Jewett-Cameron Trading Company (JCTC) and LandBridge Company LLC Class A Shares Representing Limited (LB) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCTC and LB?
Across a 3-year window, the weekly returns of JCTC and LB correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -633.4 %².
Out of 10 assets tracked against JCTC, LB lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months LB outperformed by 92.0 percentage points (-18.8% for JCTC against +73.2% for LB).
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.
JCTC vs LB: side by side
| JCTC (Jewett-Cameron Trading Company) | LB (LandBridge Company LLC Class A Shares Representing Limited) | |
|---|---|---|
| 1-year return | -18.8% | +73.2% |
| 5-year return | -72.2% | n/a |
| Volatility (ann.) | 44.2% | 63.4% |
| Beta vs S&P 500 | 0.37 | 1.65 |
| Max drawdown (3Y) | -74.1% | -48.2% |
| Market cap | – | $6.9B |
| P/E (trailing) | – | 79.0 |
| Dividend yield | 0.00% | 0.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JCTC | LB |
|---|---|---|
| 2022 | -32.4% | – |
| 2023 | -4.7% | – |
| 2024 | -14.5% | – |
| 2025 | -51.5% | -23.7% |
| 2026 | +30.2% | +82.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCTC and LB good diversifiers for each other?
Yes. With a correlation of -0.21, JCTC and LB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JCTC and LB?
The JCTC/LB correlation stands at -0.21 on a 3-year window (1 year: -0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LB a good diversifier for JCTC?
Yes. With a correlation of -0.21, JCTC and LB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/jctc-vs-lb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jctc-vs-lb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JCTC correlations · LB correlations
