JL vs MIND: Correlation
Measured on weekly returns over the past three years, J-Long Group Limited - Class A (JL) and MIND Technology, Inc. (MIND) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and MIND?
Over the past 3 years, JL and MIND moved with a correlation of 0.41, which is moderate. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.41). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 19660.8 %².
Among the 58 assets we track against JL, MIND ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JL ahead by 39.5 points (-16.4% versus -55.9%). Note the risk asymmetry: JL runs 7.3 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.
JL vs MIND: side by side
| JL (J-Long Group Limited - Class A) | MIND (MIND Technology, Inc.) | |
|---|---|---|
| 1-year return | -16.4% | -55.9% |
| 5-year return | n/a | -77.3% |
| Volatility (ann.) | 580.0% | 79.5% |
| Beta vs S&P 500 | -1.02 | 0.91 |
| Max drawdown (3Y) | -98.6% | -70.0% |
| Market cap | – | – |
| P/E (trailing) | 6.5 | 27.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | MIND |
|---|---|---|
| 2022 | – | -72.8% |
| 2023 | – | +43.3% |
| 2024 | – | +20.5% |
| 2025 | +67.1% | +10.7% |
| 2026 | -20.1% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and MIND good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JL and MIND?
The JL/MIND correlation stands at 0.41 on a 3-year window (1 year: 0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MIND a good diversifier for JL?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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-mind.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jl-vs-mind/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JL correlations · MIND correlations
