JCSE vs NRG: Correlation
Measured on weekly returns over the past three years, JE Cleantech Holdings Limited (JCSE) and NRG Energy (NRG) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCSE and NRG?
Across a 3-year window, the weekly returns of JCSE and NRG correlate at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. Stretching to 5 years gives -0.05, with an annualized covariance of -978.1 %².
Among the 14 assets we track against JCSE, NRG sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with JCSE ahead by 127.7 points (+105.9% versus -21.8%). Risk is not evenly split, since JCSE carries 2.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
JCSE vs NRG: side by side
| JCSE (JE Cleantech Holdings Limited) | NRG (NRG Energy) | |
|---|---|---|
| 1-year return | +105.9% | -21.8% |
| 5-year return | -96.2% | +191.5% |
| Volatility (ann.) | 123.3% | 44.4% |
| Beta vs S&P 500 | 0.09 | 1.30 |
| Max drawdown (3Y) | -64.2% | -38.9% |
| Market cap | – | $24.1B |
| P/E (trailing) | 3.1 | 30.2 |
| Dividend yield | 36.52% | 1.61% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | JCSE | NRG |
|---|---|---|
| 2022 | – | -23.5% |
| 2023 | -66.0% | +69.4% |
| 2024 | +92.4% | +78.6% |
| 2025 | -23.1% | +78.9% |
| 2026 | +94.2% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCSE and NRG good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between JCSE and NRG?
As of 2026-08-27, the correlation of weekly returns between JCSE and NRG is -0.18 over 3 years, -0.18 over 1 year and -0.05 over 5 years.
Is NRG a good diversifier for JCSE?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jcse-vs-nrg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jcse-vs-nrg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JCSE correlations · NRG correlations
