Atmos Energy Corporation (ATO) — Stock Correlations & Overview
Over the past year, ATO has moved most closely with OGS, LNT, CNP. Explore the stocks most correlated and inversely correlated with ATO below, along with its price, financials, and company profile.
Stocks correlated with ATO
Correlation of daily returns. Higher positive values move with ATO; negative values move opposite it. Informational only, not investment advice.
Most correlated with ATO
| Symbol | Company | Correlation |
|---|---|---|
| OGS | ONE GAS, INC.NATURAL GAS DISTRIBUTION | 0.78 |
| LNT | Alliant Energy Corporation Common StockELECTRIC & OTHER SERVICES COMBINED | 0.77 |
| CNP | CenterPoint Energy, Inc.ELECTRIC SERVICES | 0.77 |
| DUK | Duke Energy CorporationELECTRIC & OTHER SERVICES COMBINED | 0.77 |
| FXU | First Trust Utilities AlphaDEX Fund | 0.77 |
Frequently asked questions about ATO correlations
- Which stocks are most correlated with ATO?
- Based on one year of daily returns, the stocks most correlated with Atmos Energy Corporation (ATO) are OGS (0.78), LNT (0.77) and CNP (0.77). 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 ATO?
- Over the past year, the stocks most inversely correlated with Atmos Energy Corporation (ATO) are SDP (-0.68), SRS (-0.52) and DRV (-0.52). 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 ATO correlations calculated?
- We compute the correlation of daily returns between ATO 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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