Julong Holding Limited Class A Ordinary Shares (JLHL) — Stock Correlations & Overview
Over the past year, JLHL has moved most closely with VRAX, OSTX, CLWT. Explore the stocks most correlated and inversely correlated with JLHL below, along with its price, financials, and company profile.
Stocks correlated with JLHL
Correlation of daily returns. Higher positive values move with JLHL; negative values move opposite it. Informational only, not investment advice.
Most correlated with JLHL
| Symbol | Company | Correlation |
|---|---|---|
| VRAX | Virax Biolabs Group Limited Ordinary Shares | 0.32 |
| OSTX | OS Therapies IncorporatedPHARMACEUTICAL PREPARATIONS | 0.26 |
| CLWT | Euro Tech Holdings Co Ltd. New | 0.26 |
| SMXT | Solarmax Technology Inc. Common StockCONSTRUCTION - SPECIAL TRADE CONTRACTORS | 0.21 |
| EHLD | Euroholdings Ltd. Common Stock | 0.21 |
Most inversely correlated with JLHL
| Symbol | Company | Correlation |
|---|---|---|
| IONS | Ionis Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.38 |
| BYRN | Byrna Technologies, Inc. Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | -0.29 |
| NOAH | Noah Holdings Limited American Depositary Shares (each representing five (5) Ordinary shares) | -0.28 |
| CNA | CNA Financial CorporationFIRE, MARINE & CASUALTY INSURANCE | -0.27 |
| IRTC | iRhythm Holdings, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.25 |
Frequently asked questions about JLHL correlations
- Which stocks are most correlated with JLHL?
- Based on one year of daily returns, the stocks most correlated with Julong Holding Limited Class A Ordinary Shares (JLHL) are VRAX (0.32), OSTX (0.26) and CLWT (0.26). 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 JLHL?
- Over the past year, the stocks most inversely correlated with Julong Holding Limited Class A Ordinary Shares (JLHL) are IONS (-0.38), BYRN (-0.29) and NOAH (-0.28). 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 JLHL correlations calculated?
- We compute the correlation of daily returns between JLHL 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.