JDZG vs RMD: Correlation
How closely do JIADE LIMITED - Class A (JDZG) and ResMed (RMD) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JDZG and RMD?
Over the past 3 years, JDZG and RMD moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.30) runs below the 3-year figure (-0.18). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1217.4 %².
Within JDZG's tracked universe of 25 assets, RMD comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RMD outperformed by 83.8 percentage points (-99.3% for JDZG against -15.5% for RMD). Risk is not evenly split, since JDZG carries 8.1 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.
JDZG vs RMD: side by side
| JDZG (JIADE LIMITED - Class A) | RMD (ResMed) | |
|---|---|---|
| 1-year return | -99.3% | -15.5% |
| 5-year return | n/a | -14.6% |
| Volatility (ann.) | 252.5% | 31.2% |
| Beta vs S&P 500 | 0.21 | 0.79 |
| Max drawdown (3Y) | -100.0% | -37.3% |
| Market cap | – | $34.0B |
| P/E (trailing) | – | 22.6 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | JDZG | RMD |
|---|---|---|
| 2022 | – | -19.5% |
| 2023 | – | -16.5% |
| 2024 | – | +34.2% |
| 2025 | -88.0% | +6.3% |
| 2026 | -98.2% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JDZG and RMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between JDZG and RMD?
The JDZG/RMD correlation stands at -0.18 on a 3-year window (1 year: -0.30, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RMD a good diversifier for JDZG?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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/jdzg-vs-rmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jdzg-vs-rmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JDZG correlations · RMD correlations
