New Jersey Resources Corp (NJR) — Stock Correlations & Overview
Over the past year, NJR has moved most closely with OGS, CPK, SR. Explore the stocks most correlated and inversely correlated with NJR below, along with its price, financials, and company profile.
Stocks correlated with NJR
Correlation of daily returns. Higher positive values move with NJR; negative values move opposite it. Informational only, not investment advice.
Most correlated with NJR
| Symbol | Company | Correlation |
|---|---|---|
| OGS | ONE GAS, INC.NATURAL GAS DISTRIBUTION | 0.70 |
| CPK | Chesapeake UtilitiesNATURAL GAS TRANSMISSION & DISTRIBUTION | 0.68 |
| SR | Spire Inc.NATURAL GAS DISTRIBUTION | 0.67 |
| LNT | Alliant Energy Corporation Common StockELECTRIC & OTHER SERVICES COMBINED | 0.65 |
| NWN | Northwest Natural Holding CompanyNATURAL GAS DISTRIBUTION | 0.65 |
Frequently asked questions about NJR correlations
- Which stocks are most correlated with NJR?
- Based on one year of daily returns, the stocks most correlated with New Jersey Resources Corp (NJR) are OGS (0.70), CPK (0.68) and SR (0.67). 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 NJR?
- Over the past year, the stocks most inversely correlated with New Jersey Resources Corp (NJR) are SDP (-0.51), FAI (-0.44) and AOTG (-0.44). 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 NJR correlations calculated?
- We compute the correlation of daily returns between NJR 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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