JL vs RIGL: Correlation
Measured on weekly returns over the past three years, J-Long Group Limited - Class A (JL) and Rigel Pharmaceuticals, Inc. (RIGL) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and RIGL?
Over the past 3 years, JL and RIGL moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.23 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -10349.5 %².
By 3-year correlation, RIGL places #38 of the 58 assets tracked against JL. Their recent paths diverged sharply: over the last 12 months RIGL outperformed by 34.3 percentage points (-16.4% for JL against +17.9% for RIGL). One caveat on sizing: JL is 7.5 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 RIGL: side by side
| JL (J-Long Group Limited - Class A) | RIGL (Rigel Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -16.4% | +17.9% |
| 5-year return | n/a | +23.3% |
| Volatility (ann.) | 580.0% | 76.9% |
| Beta vs S&P 500 | -1.02 | 1.98 |
| Max drawdown (3Y) | -98.6% | -50.8% |
| Market cap | – | $0.9B |
| P/E (trailing) | 6.5 | 2.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | RIGL |
|---|---|---|
| 2022 | – | -43.4% |
| 2023 | – | -3.3% |
| 2024 | – | +16.0% |
| 2025 | +67.1% | +154.6% |
| 2026 | -20.1% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and RIGL good diversifiers for each other?
Yes. With a correlation of -0.23, JL and RIGL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JL and RIGL?
The JL/RIGL correlation stands at -0.23 on a 3-year window (1 year: -0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RIGL a good diversifier for JL?
Yes. With a correlation of -0.23, JL and RIGL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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-rigl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jl-vs-rigl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JL correlations · RIGL correlations
