JJSF vs PARR: Correlation
Measured on weekly returns over the past three years, J & J Snack Foods Corp. (JJSF) and Par Pacific Holdings, Inc. (PARR) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JJSF and PARR?
Across a 3-year window, the weekly returns of JJSF and PARR correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -334.0 %².
Out of 11 assets tracked against JJSF, PARR lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with PARR ahead by 145.5 points (-20.0% versus +125.5%). One caveat on sizing: PARR is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
JJSF vs PARR: side by side
| JJSF (J & J Snack Foods Corp.) | PARR (Par Pacific Holdings, Inc.) | |
|---|---|---|
| 1-year return | -20.0% | +125.5% |
| 5-year return | -39.4% | +375.6% |
| Volatility (ann.) | 30.3% | 51.3% |
| Beta vs S&P 500 | 0.31 | 0.13 |
| Max drawdown (3Y) | -59.2% | -69.7% |
| Market cap | $1.6B | $3.9B |
| P/E (trailing) | 34.4 | 4.4 |
| Dividend yield | 3.61% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JJSF | PARR |
|---|---|---|
| 2022 | -3.4% | +41.0% |
| 2023 | +13.7% | +56.4% |
| 2024 | -5.4% | -54.9% |
| 2025 | -40.0% | +114.4% |
| 2026 | -0.9% | +119.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JJSF and PARR good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JJSF and PARR?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.27 over the last year and -0.12 over 5 years.
Is PARR a good diversifier for JJSF?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jjsf-vs-parr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jjsf-vs-parr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JJSF correlations · PARR correlations
