MSAI vs ZJYL: Correlation
MultiSensor AI Holdings, Inc. (MSAI) and JIN MEDICAL INTERNATIONAL LTD. - Class A (ZJYL) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSAI and ZJYL?
Across a 3-year window, the weekly returns of MSAI and ZJYL correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.11) runs above the 3-year figure (-0.23). Stretching to 5 years gives n/a, with an annualized covariance of -7773.6 %².
Out of 14 assets tracked against MSAI, ZJYL lands near the bottom at #11. Their 12-month results are close: -81.5% for MSAI against -85.7% for ZJYL. Risk is not evenly split, since ZJYL carries 2.2 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.
MSAI vs ZJYL: side by side
| MSAI (MultiSensor AI Holdings, Inc.) | ZJYL (JIN MEDICAL INTERNATIONAL LTD. - Class A) | |
|---|---|---|
| 1-year return | -81.5% | -85.7% |
| 5-year return | -98.6% | n/a |
| Volatility (ann.) | 122.9% | 270.7% |
| Beta vs S&P 500 | 1.24 | 1.23 |
| Max drawdown (3Y) | -99.1% | -99.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 13.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSAI | ZJYL |
|---|---|---|
| 2022 | +4.0% | – |
| 2023 | -67.2% | – |
| 2024 | -45.1% | -93.7% |
| 2025 | -84.3% | -71.7% |
| 2026 | -52.9% | -46.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSAI and ZJYL good diversifiers for each other?
Yes. With a correlation of -0.23, MSAI and ZJYL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MSAI and ZJYL?
The MSAI/ZJYL correlation stands at -0.23 on a 3-year window (1 year: -0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ZJYL a good diversifier for MSAI?
Yes. With a correlation of -0.23, MSAI and ZJYL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/msai-vs-zjyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/msai-vs-zjyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MSAI correlations · ZJYL correlations
