JL vs UPC: Correlation
How closely do J-Long Group Limited - Class A (JL) and Universe Pharmaceuticals Inc - Class A (UPC) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and UPC?
On 3 years of weekly data the JL/UPC correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.26). The 5-year figure is n/a, and annualized covariance runs at -27634.3 %².
Among the 58 assets we track against JL, UPC ranks #43 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UPC outperformed by 53.4 percentage points (-16.4% for JL against +37.0% for UPC). Note the risk asymmetry: JL runs 3.1 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 UPC: side by side
| JL (J-Long Group Limited - Class A) | UPC (Universe Pharmaceuticals Inc - Class A) | |
|---|---|---|
| 1-year return | -16.4% | +37.0% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 580.0% | 187.7% |
| Beta vs S&P 500 | -1.02 | 2.00 |
| Max drawdown (3Y) | -98.6% | -99.9% |
| 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 | UPC |
|---|---|---|
| 2022 | – | -11.3% |
| 2023 | – | -76.9% |
| 2024 | – | -98.0% |
| 2025 | +67.1% | -84.4% |
| 2026 | -20.1% | +32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and UPC good diversifiers for each other?
Yes. With a correlation of -0.26, JL and UPC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JL and UPC?
As of 2026-08-27, the correlation of weekly returns between JL and UPC is -0.26 over 3 years, 0.04 over 1 year and n/a over 5 years.
Is UPC a good diversifier for JL?
Yes. With a correlation of -0.26, JL and UPC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-upc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jl-vs-upc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JL correlations · UPC correlations
