JL vs ODC: Correlation
Measured on weekly returns over the past three years, J-Long Group Limited - Class A (JL) and Oil-Dri Corporation Of America (ODC) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and ODC?
Across a 3-year window, the weekly returns of JL and ODC correlate at 0.44, moderate. The past 12 months show a weaker link (-0.12) than the 3-year average (0.44). Stretching to 5 years gives n/a, with an annualized covariance of 9327.9 %².
Within JL's tracked universe of 58 assets, ODC comes in at #10 by 3-year correlation. The last year tells two different stories: ODC led by 74.4 percentage points, -16.4% for JL against +58.0% for ODC. Note the risk asymmetry: JL runs 15.8 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 ODC: side by side
| JL (J-Long Group Limited - Class A) | ODC (Oil-Dri Corporation Of America) | |
|---|---|---|
| 1-year return | -16.4% | +58.0% |
| 5-year return | n/a | +476.5% |
| Volatility (ann.) | 580.0% | 36.6% |
| Beta vs S&P 500 | -1.02 | 0.41 |
| Max drawdown (3Y) | -98.6% | -32.7% |
| Market cap | – | – |
| P/E (trailing) | 6.5 | 23.7 |
| Dividend yield | 0.00% | 0.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | ODC |
|---|---|---|
| 2022 | – | +6.5% |
| 2023 | – | +104.8% |
| 2024 | – | +32.9% |
| 2025 | +67.1% | +13.2% |
| 2026 | -20.1% | +88.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and ODC good diversifiers for each other?
Reasonably. At 0.44, JL and ODC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JL and ODC?
The JL/ODC correlation stands at 0.44 on a 3-year window (1 year: -0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ODC a good diversifier for JL?
Reasonably. At 0.44, JL and ODC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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-odc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jl-vs-odc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JL correlations · ODC correlations
