JL vs TLF: Correlation
Measured on weekly returns over the past three years, J-Long Group Limited - Class A (JL) and Tandy Leather Factory, Inc. (TLF) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and TLF?
Across a 3-year window, the weekly returns of JL and TLF correlate at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.00) runs below the 3-year figure (0.43). Stretching to 5 years gives n/a, with an annualized covariance of 6469.1 %².
Within JL's tracked universe of 58 assets, TLF comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TLF outperformed by 28.4 percentage points (-16.4% for JL against +12.0% for TLF). Risk is not evenly split, since JL carries 21.9 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 TLF: side by side
| JL (J-Long Group Limited - Class A) | TLF (Tandy Leather Factory, Inc.) | |
|---|---|---|
| 1-year return | -16.4% | +12.0% |
| 5-year return | n/a | +11.5% |
| Volatility (ann.) | 580.0% | 26.5% |
| Beta vs S&P 500 | -1.02 | 0.23 |
| Max drawdown (3Y) | -98.6% | -34.9% |
| 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 | TLF |
|---|---|---|
| 2022 | – | -17.5% |
| 2023 | – | +0.2% |
| 2024 | – | +12.4% |
| 2025 | +67.1% | -20.9% |
| 2026 | -20.1% | +28.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and TLF good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JL and TLF?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.00 over the last year and n/a over 5 years.
Is TLF a good diversifier for JL?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-tlf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jl-vs-tlf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JL correlations · TLF correlations
