JDZG vs PHUN: Correlation
JIADE LIMITED - Class A (JDZG) and Phunware, Inc. (PHUN) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JDZG and PHUN?
On 3 years of weekly data the JDZG/PHUN correlation comes out at 0.34, moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.34). The 5-year figure is n/a, and annualized covariance runs at 7263.1 %².
By 3-year correlation, PHUN places #8 of the 25 assets tracked against JDZG. Correlation aside, the last 12 months split them widely, with PHUN ahead by 79.2 points (-99.3% versus -20.1%). Note the risk asymmetry: JDZG runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
JDZG vs PHUN: side by side
| JDZG (JIADE LIMITED - Class A) | PHUN (Phunware, Inc.) | |
|---|---|---|
| 1-year return | -99.3% | -20.1% |
| 5-year return | n/a | -96.0% |
| Volatility (ann.) | 252.5% | 162.6% |
| Beta vs S&P 500 | 0.21 | 1.61 |
| Max drawdown (3Y) | -100.0% | -92.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JDZG | PHUN |
|---|---|---|
| 2022 | – | -70.6% |
| 2023 | – | -89.4% |
| 2024 | – | +26.8% |
| 2025 | -88.0% | -64.4% |
| 2026 | -98.2% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JDZG and PHUN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JDZG and PHUN?
As of 2026-08-27, the correlation of weekly returns between JDZG and PHUN is 0.34 over 3 years, 0.08 over 1 year and n/a over 5 years.
Is PHUN a good diversifier for JDZG?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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/jdzg-vs-phun.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jdzg-vs-phun/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JDZG correlations · PHUN correlations
