Southern Company Correlations

Stocks . USA . 
Stock . Southern Company Series
SOJE Stock  USD 21.47  0.13  0.61%   
The current 90-days correlation between Southern Company and Southern Co is 0.76 (i.e., Poor diversification). The correlation of Southern Company is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Southern Company Correlation With Market

Weak diversification

The correlation between Southern Company Series and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southern Company Series and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Company Series. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
For information on how to trade Southern Stock refer to our How to Trade Southern Stock guide.

Moving together with Southern Stock

  0.75CMS-PB Consumers EnergyPairCorr
  0.95CMS-PC CMS EnergyPairCorr
  0.99DTB DTE EnergyPairCorr
  0.96DTG DTE EnergyPairCorr
  0.8BEP-PA Brookfield RenewablePairCorr
  0.94EP-PC El Paso EnergyPairCorr
  0.88EONGY EON SE ADRPairCorr
  0.83DUK-PA Duke EnergyPairCorr
  0.67PCG-PG Pacific GasPairCorr
  0.94PCG-PH Pacific GasPairCorr
  0.75PCG-PC Pacific GasPairCorr
  0.9PCG-PD Pacific GasPairCorr
  0.86PCG-PE Pacific GasPairCorr
  0.73PCG-PA Pacific GasPairCorr
  0.83PCG-PB Pacific GasPairCorr
  0.73VIASP Via RenewablesPairCorr
  0.9VIVHY Vivendi SA PKPairCorr
  0.95SOJC SouthernPairCorr
  0.87NEE-PN Nextera EnergyPairCorr
  0.82NEE-PS NextEra Energy,PairCorr
  0.83NEE-PR Nextera EnergyPairCorr
  0.91BEPJ Brookfield RenewablePairCorr
  0.93SR-PA Spire IncPairCorr
  0.97TLN Talen Energy Downward RallyPairCorr
  0.93CMSA CMS Energy CorpPairCorr
  0.98DTW DTE EnergyPairCorr
  0.62PPERF Bank Mandiri PerseroPairCorr

Moving against Southern Stock

  0.74CGBSW Crown LNG HoldingsPairCorr
  0.72VSTEW Vast RenewablesPairCorr
  0.54NGL-PC NGL Energy PartnersPairCorr
  0.31HLGN HeliogenPairCorr
  0.73SJIV South Jersey IndustriesPairCorr
  0.68SUUN SolarBank CommonPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Southern Stock performing well and Southern Company Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Southern Company's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Southern Company Corporate Management

Henry ClarkIndependent DirectorProfile
E WoodIndependent DirectorProfile
Stanley ConnallyExecutive Vice President Operations of SCSProfile
John JohnsIndependent DirectorProfile
William SmithIndependent DirectorProfile
Donald JamesIndependent DirectorProfile
Christopher CummiskeyExecutive Vice PresidentProfile
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