JBG SMITH Properties Common Shares (JBGS) — Stock Correlations & Overview
Over the past year, JBGS has moved most closely with DESK, PDM, NXRT. Explore the stocks most correlated and inversely correlated with JBGS below, along with its price, financials, and company profile.
Stocks correlated with JBGS
Correlation of daily returns. Higher positive values move with JBGS; negative values move opposite it. Informational only, not investment advice.
Most correlated with JBGS
| Symbol | Company | Correlation |
|---|---|---|
| DESK | VanEck Office and Commercial REIT ETF | 0.57 |
| PDM | Piedmont Realty Trust, Inc.OPERATORS OF NONRESIDENTIAL BUILDINGS | 0.51 |
| NXRT | NexPoint Residential Trust IncREAL ESTATE INVESTMENT TRUSTS | 0.49 |
| PPTY | U.S. Diversified Real Estate ETF | 0.49 |
| REZI | Resideo Technologies, Inc. Common StockWHOLESALE-HARDWARE | 0.48 |
Most inversely correlated with JBGS
| Symbol | Company | Correlation |
|---|---|---|
| AMIX | Autonomix Medical, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.39 |
| DRV | Direxion Daily Real Estate Bear 3X ETF | -0.36 |
| REK | ProShares Short Real Estate | -0.36 |
| SRS | ProShares UltraShort Real Estate | -0.35 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.28 |
Frequently asked questions about JBGS correlations
- Which stocks are most correlated with JBGS?
- Based on one year of daily returns, the stocks most correlated with JBG SMITH Properties Common Shares (JBGS) are DESK (0.57), PDM (0.51) and NXRT (0.49). 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 JBGS?
- Over the past year, the stocks most inversely correlated with JBG SMITH Properties Common Shares (JBGS) are AMIX (-0.39), DRV (-0.36) and REK (-0.36). 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 JBGS correlations calculated?
- We compute the correlation of daily returns between JBGS 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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