JL vs OMC: Correlation
How closely do J-Long Group Limited - Class A (JL) and Omnicom Group (OMC) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and OMC?
Over the past 3 years, JL and OMC moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.27 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4624.6 %².
Among the 58 assets we track against JL, OMC ranks #45 by 3-year correlation. The last year tells two different stories: OMC led by 32.9 percentage points, -16.4% for JL against +16.5% for OMC. Note the risk asymmetry: JL runs 20.7 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 OMC: side by side
| JL (J-Long Group Limited - Class A) | OMC (Omnicom Group) | |
|---|---|---|
| 1-year return | -16.4% | +16.5% |
| 5-year return | n/a | +45.6% |
| Volatility (ann.) | 580.0% | 28.0% |
| Beta vs S&P 500 | -1.02 | 0.76 |
| Max drawdown (3Y) | -98.6% | -33.3% |
| Market cap | – | $24.1B |
| P/E (trailing) | 6.5 | 237.5 |
| Dividend yield | 0.00% | 3.53% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | JL | OMC |
|---|---|---|
| 2022 | – | +15.7% |
| 2023 | – | +9.6% |
| 2024 | – | +2.5% |
| 2025 | +67.1% | -2.6% |
| 2026 | -20.1% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and OMC good diversifiers for each other?
Yes. With a correlation of -0.27, JL and OMC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JL and OMC?
The JL/OMC correlation stands at -0.27 on a 3-year window (1 year: -0.05, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is OMC a good diversifier for JL?
Yes. With a correlation of -0.27, JL and OMC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jl-vs-omc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jl-vs-omc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JL correlations · OMC correlations
