JL vs PLAY: Correlation
J-Long Group Limited - Class A (JL) and Dave & Buster's Entertainment, Inc. (PLAY) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and PLAY?
Across a 3-year window, the weekly returns of JL and PLAY correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.13 over 1 year against -0.20 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -7858.2 %².
Among the 58 assets we track against JL, PLAY ranks #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JL ahead by 47.5 points (-16.4% versus -63.9%). Risk is not evenly split, since JL carries 9.1 times the volatility of the other side.
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 PLAY: side by side
| JL (J-Long Group Limited - Class A) | PLAY (Dave & Buster's Entertainment, Inc.) | |
|---|---|---|
| 1-year return | -16.4% | -63.9% |
| 5-year return | n/a | -74.8% |
| Volatility (ann.) | 580.0% | 63.8% |
| Beta vs S&P 500 | -1.02 | 1.25 |
| Max drawdown (3Y) | -98.6% | -86.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | PLAY |
|---|---|---|
| 2022 | – | -7.7% |
| 2023 | – | +51.9% |
| 2024 | – | -45.8% |
| 2025 | +67.1% | -44.5% |
| 2026 | -20.1% | -43.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and PLAY good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between JL and PLAY?
As of 2026-08-27, the correlation of weekly returns between JL and PLAY is -0.20 over 3 years, -0.13 over 1 year and n/a over 5 years.
Is PLAY a good diversifier for JL?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jl-vs-play.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jl-vs-play/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JL correlations · PLAY correlations
