JL vs LQDT: Correlation
J-Long Group Limited - Class A (JL) and Liquidity Services, Inc. (LQDT) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and LQDT?
Across a 3-year window, the weekly returns of JL and LQDT correlate at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.57 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 15240.2 %².
In JL's tracked universe of 58 assets, LQDT sits right near the top at #2. The last year tells two different stories: LQDT led by 75.4 percentage points, -16.4% for JL against +59.0% for LQDT. One caveat on sizing: JL is 12.9 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.
JL vs LQDT: side by side
| JL (J-Long Group Limited - Class A) | LQDT (Liquidity Services, Inc.) | |
|---|---|---|
| 1-year return | -16.4% | +59.0% |
| 5-year return | n/a | +66.3% |
| Volatility (ann.) | 580.0% | 44.8% |
| Beta vs S&P 500 | -1.02 | 0.89 |
| Max drawdown (3Y) | -98.6% | -41.1% |
| Market cap | – | $1.3B |
| P/E (trailing) | 6.5 | 41.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | LQDT |
|---|---|---|
| 2022 | – | -36.3% |
| 2023 | – | +22.4% |
| 2024 | – | +87.6% |
| 2025 | +67.1% | -6.1% |
| 2026 | -20.1% | +37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and LQDT good diversifiers for each other?
Only partially. A correlation of 0.57 means JL and LQDT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JL and LQDT?
As of 2026-08-27, the correlation of weekly returns between JL and LQDT is 0.57 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is LQDT a good diversifier for JL?
Only partially. A correlation of 0.57 means JL and LQDT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/jl-vs-lqdt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jl-vs-lqdt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JL correlations · LQDT correlations
