JL vs VIRC: Correlation
How closely do J-Long Group Limited - Class A (JL) and Virco Manufacturing Corporation (VIRC) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and VIRC?
On 3 years of weekly data the JL/VIRC correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.28) runs above the 3-year figure (-0.33). The 5-year figure is n/a, and annualized covariance runs at -10464.9 %².
Among the 58 assets we track against JL, VIRC sits near the bottom by co-movement, at rank #54. On 12-month performance JL holds a 13.4-point edge, -16.4% against -29.8%. Risk is not evenly split, since JL carries 9.5 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 VIRC: side by side
| JL (J-Long Group Limited - Class A) | VIRC (Virco Manufacturing Corporation) | |
|---|---|---|
| 1-year return | -16.4% | -29.8% |
| 5-year return | n/a | +64.8% |
| Volatility (ann.) | 580.0% | 60.8% |
| Beta vs S&P 500 | -1.02 | 1.09 |
| Max drawdown (3Y) | -98.6% | -69.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 1.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | VIRC |
|---|---|---|
| 2022 | – | +50.2% |
| 2023 | – | +166.6% |
| 2024 | – | -14.2% |
| 2025 | +67.1% | -36.9% |
| 2026 | -20.1% | -5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and VIRC good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JL and VIRC?
The JL/VIRC correlation stands at -0.33 on a 3-year window (1 year: 0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VIRC a good diversifier for JL?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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-virc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jl-vs-virc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JL correlations · VIRC correlations
