JRSH vs NPO: Correlation
How closely do Jerash Holdings (US), Inc. (JRSH) and Enpro Inc. (NPO) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRSH and NPO?
On 3 years of weekly data the JRSH/NPO correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 409.4 %².
In JRSH's tracked universe of 13 assets, NPO sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months JRSH outperformed by 37.4 percentage points (+74.5% for JRSH against +37.1% for NPO).
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.
JRSH vs NPO: side by side
| JRSH (Jerash Holdings (US), Inc.) | NPO (Enpro Inc.) | |
|---|---|---|
| 1-year return | +74.5% | +37.1% |
| 5-year return | -9.0% | +270.5% |
| Volatility (ann.) | 27.8% | 34.4% |
| Beta vs S&P 500 | 0.45 | 1.27 |
| Max drawdown (3Y) | -25.2% | -33.7% |
| Market cap | $0.1B | $6.5B |
| P/E (trailing) | 15.0 | 149.1 |
| Dividend yield | 3.55% | 0.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRSH | NPO |
|---|---|---|
| 2022 | -37.6% | -0.2% |
| 2023 | -15.5% | +45.6% |
| 2024 | +17.2% | +10.9% |
| 2025 | -5.4% | +25.0% |
| 2026 | +89.8% | +44.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRSH and NPO good diversifiers for each other?
Reasonably. At 0.43, JRSH and NPO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JRSH and NPO?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.46 over the last year and 0.33 over 5 years.
Is NPO a good diversifier for JRSH?
Reasonably. At 0.43, JRSH and NPO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jrsh-vs-npo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jrsh-vs-npo/)
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Related comparisons
Hubs: JRSH correlations · NPO correlations
