Southern Company Correlations
| SOJE Stock | USD 17.58 0.03 0.17% |
The current 90-days correlation between Southern Company and Southern Co is 0.84 (i.e., Very 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 0.37 (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.
Moving together with Southern Stock
| 0.86 | CMS-PC | CMS Energy Earnings Call Today | PairCorr |
| 0.61 | CDZIP | Cadiz Depositary Shares | PairCorr |
| 0.72 | ELLO | Ellomay Capital | PairCorr |
| 0.64 | WAVE | Eco Wave Power | PairCorr |
Moving against Southern Stock
| 0.53 | EE | Excelerate Energy | PairCorr |
| 0.39 | AM | Antero Midstream Partners Earnings Call This Week | PairCorr |
| 0.52 | EDN | Empresa Distribuidora | PairCorr |
| 0.47 | CQP | Cheniere Energy Partners | PairCorr |
| 0.32 | AWR | American States Water | PairCorr |
Related Correlations Analysis
| 0.84 | 0.69 | 0.78 | -0.06 | SOJD | ||
| 0.84 | 0.56 | 0.69 | -0.02 | DTB | ||
| 0.69 | 0.56 | 0.95 | -0.1 | SOJC | ||
| 0.78 | 0.69 | 0.95 | -0.06 | PFH | ||
| -0.06 | -0.02 | -0.1 | -0.06 | UZE | ||
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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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SOJD | 0.44 | (0.02) | (0.25) | 0.07 | 0.54 | 0.83 | 3.09 | |||
| DTB | 0.52 | (0.04) | (0.23) | 0.04 | 0.65 | 0.88 | 2.77 | |||
| SOJC | 0.39 | 0.03 | (0.18) | 0.32 | 0.45 | 0.99 | 3.30 | |||
| PFH | 0.54 | 0.01 | (0.14) | 0.22 | 0.62 | 1.30 | 3.69 | |||
| UZE | 0.68 | (0.01) | (0.16) | 0.12 | 0.74 | 1.39 | 5.15 |
Southern Company Corporate Management
| Henry Clark | Independent Director | Profile | |
| E Wood | Independent Director | Profile | |
| Stanley Connally | Executive Vice President Operations of SCS | Profile | |
| John Johns | Independent Director | Profile | |
| William Smith | Independent Director | Profile | |
| Donald James | Independent Director | Profile | |
| Christopher Cummiskey | Executive Vice President | Profile |