Southern Correlations

Stocks . Germany . 
Stock . The Southern
SOT Stock  EUR 74.15  0.85  1.13%   
The current 90-days correlation between Southern and STEEL DYNAMICS is 0.12 (i.e., Average diversification). The correlation of Southern 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 Correlation With Market

Excellent diversification

The correlation between The Southern and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Southern and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Southern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southern when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Southern - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Southern to buy it.

Moving together with Southern Stock

  0.76PCG PGE CorporationPairCorr
  0.8NRN Xcel EnergyPairCorr
  0.71NWJ Eversource EnergyPairCorr

Moving against Southern Stock

  0.61PTI Perusahaan PerseroanPairCorr
  0.39EIX Edison InternationalPairCorr
  0.39TCID Telkom Indonesia TbkPairCorr
  0.38SSU Samsung Electronics Earnings Call This WeekPairCorr
  0.37SSU Samsung Electronics Earnings Call This WeekPairCorr
  0.32SSUN Samsung Electronics Earnings Call This WeekPairCorr
  0.93VOW3 Volkswagen AGPairCorr
  0.9A35 Federal AgriculturalPairCorr
  0.82YPHA ASTELLAS PHARMA UNSPADRPairCorr
  0.73IV9 Trainers House OyjPairCorr
  0.73ENR Siemens Energy AGPairCorr
  0.72RLD RPC IncPairCorr
  0.65WMT WalmartPairCorr
  0.47KBIA KB Financial GroupPairCorr
  0.452Y7 Fastly IncPairCorr
  0.43DUT MoodysPairCorr
  0.38PYCP Minera Alamos SplitPairCorr
  0.38COP Compugroup MedicalPairCorr
  0.3785S Science ApplicationsPairCorr
  0.340JZ AFFLUENT MEDICAL SASPairCorr
  0.81B2W BORR DRILLING NEWPairCorr
  0.81HH1 Hancock WhitneyPairCorr
  0.73ENR0 SIEMENS ENERGY AGPairCorr
  0.69UNK United BanksharesPairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SD5
+ 0.89
KST
02G
+ 0.77
KST
SD5
+ 0.77
02G
OTE
+ 0.7
02G
OTE
+ 0.68
KST
OTE
+ 0.64
SD5
  

High negative correlations

J5W
- 0.46
CUEH
OTE
- 0.17
CUEH
BAC
- 0.13
CUEH
BAC
- 0.13
SD5
J5W
- 0.09
BAC
BAC
- 0.05
02G

Risk-Adjusted Indicators

There is a big difference between Southern Stock performing well and Southern 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'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Southern without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Southern Corporate Management

Elected by the shareholders, the Southern's board of directors comprises two types of representatives: Southern inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Southern. The board's role is to monitor Southern's management team and ensure that shareholders' interests are well served. Southern's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Southern's outside directors are responsible for providing unbiased perspectives on the board's policies.
Thomas FanningPres ChairmanProfile
Stephen KuczynskiPres ChairmanProfile
Stanley ConnallyEx OperationsProfile
Martin DavisChief VPProfile
Scott GammillVP TreasurerProfile
Ann DaissChief ComptrollerProfile
Daniel TuckerEx CFOProfile
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