NJR vs. ALE
Compare and contrast key facts about New Jersey Resources Corporation (NJR) and ALLETE, Inc. (ALE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NJR or ALE.
Correlation
The correlation between NJR and ALE is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NJR vs. ALE - Performance Comparison
Key characteristics
NJR:
1.34
ALE:
1.97
NJR:
1.86
ALE:
3.79
NJR:
1.25
ALE:
1.49
NJR:
1.13
ALE:
0.86
NJR:
5.08
ALE:
20.77
NJR:
4.95%
ALE:
0.86%
NJR:
18.77%
ALE:
9.11%
NJR:
-50.72%
ALE:
-74.12%
NJR:
-3.31%
ALE:
-7.38%
Fundamentals
NJR:
$4.99B
ALE:
$3.75B
NJR:
$3.32
ALE:
$3.10
NJR:
14.98
ALE:
20.89
NJR:
1.96
ALE:
2.78
NJR:
2.74
ALE:
2.45
NJR:
2.16
ALE:
1.32
NJR:
$1.16B
ALE:
$1.13B
NJR:
$653.16M
ALE:
$300.00M
NJR:
$505.58M
ALE:
$354.80M
Returns By Period
In the year-to-date period, NJR achieves a 7.64% return, which is significantly higher than ALE's 1.04% return. Over the past 10 years, NJR has outperformed ALE with an annualized return of 8.17%, while ALE has yielded a comparatively lower 6.43% annualized return.
NJR
7.64%
0.93%
7.79%
22.47%
12.31%
8.17%
ALE
1.04%
-1.40%
2.82%
15.72%
6.65%
6.43%
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Risk-Adjusted Performance
NJR vs. ALE — Risk-Adjusted Performance Rank
NJR
ALE
NJR vs. ALE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Jersey Resources Corporation (NJR) and ALLETE, Inc. (ALE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
NJR vs. ALE - Dividend Comparison
NJR's dividend yield for the trailing twelve months is around 3.56%, less than ALE's 4.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NJR New Jersey Resources Corporation | 3.56% | 3.73% | 3.63% | 3.04% | 3.39% | 3.63% | 2.72% | 2.48% | 2.63% | 2.79% | 2.82% | 2.84% |
ALE ALLETE, Inc. | 4.39% | 4.35% | 4.43% | 4.03% | 3.80% | 3.99% | 2.90% | 2.94% | 2.88% | 3.24% | 3.97% | 3.55% |
Drawdowns
NJR vs. ALE - Drawdown Comparison
The maximum NJR drawdown since its inception was -50.72%, smaller than the maximum ALE drawdown of -74.12%. Use the drawdown chart below to compare losses from any high point for NJR and ALE. For additional features, visit the drawdowns tool.
Volatility
NJR vs. ALE - Volatility Comparison
New Jersey Resources Corporation (NJR) has a higher volatility of 6.29% compared to ALLETE, Inc. (ALE) at 2.32%. This indicates that NJR's price experiences larger fluctuations and is considered to be riskier than ALE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NJR vs. ALE - Financials Comparison
This section allows you to compare key financial metrics between New Jersey Resources Corporation and ALLETE, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities