JOUT vs REZI: Correlation
Measured on weekly returns over the past three years, Johnson Outdoors Inc. (JOUT) and Resideo Technologies, Inc. (REZI) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOUT and REZI?
On 3 years of weekly data the JOUT/REZI correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 866.3 %².
Few assets follow JOUT as closely as REZI, which ranks #1 of 12 tracked partners. The last year tells two different stories: JOUT led by 31.8 percentage points, +14.5% for JOUT against -17.3% for REZI.
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.
JOUT vs REZI: side by side
| JOUT (Johnson Outdoors Inc.) | REZI (Resideo Technologies, Inc.) | |
|---|---|---|
| 1-year return | +14.5% | -17.3% |
| 5-year return | -55.0% | -11.7% |
| Volatility (ann.) | 34.4% | 48.9% |
| Beta vs S&P 500 | 0.57 | 1.58 |
| Max drawdown (3Y) | -59.4% | -47.1% |
| Market cap | $0.5B | $3.0B |
| P/E (trailing) | – | 7.8 |
| Dividend yield | 2.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JOUT | REZI |
|---|---|---|
| 2022 | -28.1% | -36.8% |
| 2023 | -17.5% | +14.4% |
| 2024 | -36.1% | +22.5% |
| 2025 | +34.1% | +52.4% |
| 2026 | +10.1% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOUT and REZI good diversifiers for each other?
Only partially. A correlation of 0.51 means JOUT and REZI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JOUT and REZI?
The JOUT/REZI correlation stands at 0.51 on a 3-year window (1 year: 0.60, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is REZI a good diversifier for JOUT?
Only partially. A correlation of 0.51 means JOUT and REZI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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/jout-vs-rezi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jout-vs-rezi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JOUT correlations · REZI correlations
