JL vs SNES: Correlation
Measured on weekly returns over the past three years, J-Long Group Limited - Class A (JL) and SenesTech, Inc. (SNES) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and SNES?
On 3 years of weekly data the JL/SNES correlation comes out at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.48). The 5-year figure is n/a, and annualized covariance runs at 24876.9 %².
Within JL's tracked universe of 58 assets, SNES comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JL ahead by 60.3 points (-16.4% versus -76.7%). Risk is not evenly split, since JL carries 5.5 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 SNES: side by side
| JL (J-Long Group Limited - Class A) | SNES (SenesTech, Inc.) | |
|---|---|---|
| 1-year return | -16.4% | -76.7% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 580.0% | 104.7% |
| Beta vs S&P 500 | -1.02 | 1.31 |
| Max drawdown (3Y) | -98.6% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | SNES |
|---|---|---|
| 2022 | – | -84.2% |
| 2023 | – | -96.6% |
| 2024 | – | -73.9% |
| 2025 | +67.1% | -35.3% |
| 2026 | -20.1% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and SNES good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JL and SNES?
As of 2026-08-27, the correlation of weekly returns between JL and SNES is 0.48 over 3 years, 0.11 over 1 year and n/a over 5 years.
Is SNES a good diversifier for JL?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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-snes.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jl-vs-snes/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JL correlations · SNES correlations
