JBDI Holdings Limited Ordinary Shares (JBDI) — Stock Correlations & Overview
Over the past year, JBDI has moved most closely with WLDS, ORCL, ORCX. Explore the stocks most correlated and inversely correlated with JBDI below, along with its price, financials, and company profile.
Stocks correlated with JBDI
Correlation of daily returns. Higher positive values move with JBDI; negative values move opposite it. Informational only, not investment advice.
Most correlated with JBDI
| Symbol | Company | Correlation |
|---|---|---|
| WLDS | Wearable Devices Ltd. Ordinary Share | 0.38 |
| ORCL | Oracle CorpSERVICES-PREPACKAGED SOFTWARE | 0.34 |
| ORCX | Defiance Daily Target 2X Long ORCL ETF | 0.31 |
| DAKT | Daktronics IncMISCELLANEOUS MANUFACTURING INDUSTRIES | 0.27 |
| KCCA | KraneShares California Carbon Allowance Strategy ETF | 0.26 |
Most inversely correlated with JBDI
| Symbol | Company | Correlation |
|---|---|---|
| SNPS | Synopsys IncSERVICES-PREPACKAGED SOFTWARE | -0.42 |
| CCSB | Carbon Collective Short Duration Green Bond ETF | -0.37 |
| CHWY | Chewy, Inc.RETAIL-CATALOG & MAIL-ORDER HOUSES | -0.26 |
| ONC | BeOne Medicines Ltd. American Depositary SharesPHARMACEUTICAL PREPARATIONS | -0.26 |
| SOGP | Sound Group Inc. American Depositary Shares | -0.26 |
Frequently asked questions about JBDI correlations
- Which stocks are most correlated with JBDI?
- Based on one year of daily returns, the stocks most correlated with JBDI Holdings Limited Ordinary Shares (JBDI) are WLDS (0.38), ORCL (0.34) and ORCX (0.31). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with JBDI?
- Over the past year, the stocks most inversely correlated with JBDI Holdings Limited Ordinary Shares (JBDI) are SNPS (-0.42), CCSB (-0.37) and CHWY (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these JBDI correlations calculated?
- We compute the correlation of daily returns between JBDI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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