JCTC vs TENB: Correlation
Measured on weekly returns over the past three years, Jewett-Cameron Trading Company (JCTC) and Tenable Holdings, Inc. (TENB) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCTC and TENB?
Across a 3-year window, the weekly returns of JCTC and TENB correlate at 0.33, moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.33). Stretching to 5 years gives 0.19, with an annualized covariance of 601.1 %².
In JCTC's tracked universe of 10 assets, TENB sits right near the top at #2. Correlation aside, the last 12 months split them widely, with TENB ahead by 41.8 points (-18.8% versus +23.0%).
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 TENB: side by side
| JCTC (Jewett-Cameron Trading Company) | TENB (Tenable Holdings, Inc.) | |
|---|---|---|
| 1-year return | -18.8% | +23.0% |
| 5-year return | -72.2% | -16.1% |
| Volatility (ann.) | 44.2% | 41.5% |
| Beta vs S&P 500 | 0.37 | 1.04 |
| Max drawdown (3Y) | -74.1% | -69.1% |
| Market cap | – | $4.1B |
| P/E (trailing) | – | 537.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JCTC | TENB |
|---|---|---|
| 2022 | -32.4% | -30.7% |
| 2023 | -4.7% | +20.7% |
| 2024 | -14.5% | -14.5% |
| 2025 | -51.5% | -40.2% |
| 2026 | +30.2% | +59.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCTC and TENB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JCTC and TENB?
As of 2026-08-27, the correlation of weekly returns between JCTC and TENB is 0.33 over 3 years, 0.51 over 1 year and 0.19 over 5 years.
Is TENB a good diversifier for JCTC?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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/jctc-vs-tenb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jctc-vs-tenb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JCTC correlations · TENB correlations
