JDZG vs UBER: Correlation
How closely do JIADE LIMITED - Class A (JDZG) and Uber (UBER) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JDZG and UBER?
On 3 years of weekly data the JDZG/UBER correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.16). The 5-year figure is n/a, and annualized covariance runs at -1483.6 %².
Within JDZG's tracked universe of 25 assets, UBER comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UBER outperformed by 80.0 percentage points (-99.3% for JDZG against -19.3% for UBER). Note the risk asymmetry: JDZG runs 6.9 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 UBER: side by side
| JDZG (JIADE LIMITED - Class A) | UBER (Uber) | |
|---|---|---|
| 1-year return | -99.3% | -19.3% |
| 5-year return | n/a | +94.4% |
| Volatility (ann.) | 252.5% | 36.7% |
| Beta vs S&P 500 | 0.21 | 1.34 |
| Max drawdown (3Y) | -100.0% | -34.1% |
| Market cap | – | $157.2B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | JDZG | UBER |
|---|---|---|
| 2022 | – | -41.0% |
| 2023 | – | +149.0% |
| 2024 | – | -2.0% |
| 2025 | -88.0% | +35.5% |
| 2026 | -98.2% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JDZG and UBER good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JDZG and UBER?
As of 2026-08-27, the correlation of weekly returns between JDZG and UBER is -0.16 over 3 years, -0.32 over 1 year and n/a over 5 years.
Is UBER a good diversifier for JDZG?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 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-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jdzg-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JDZG correlations · UBER correlations
