Southern Correlations

SOJD Stock

USD 21.01 0.05 0.24%

The current 90-days correlation between Southern and Centrais Electricas Brasileiras is -0.03 (i.e., Good 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

Poor diversification

The correlation between Southern Co and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southern Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Southern Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Southern Stock

0.87	ES	Eversource Energy	Pair Corr
0.8	FE	FirstEnergy	Pair Corr
0.86	HE	Hawaiian Electric	Pair Corr
0.91	GZF	Engie SA	Pair Corr
0.75	SO	Southern	Pair Corr
0.73	ENAA	ENDESA ADR 12	Pair Corr
0.67	MVV1	MVV Energie AG	Pair Corr
0.8	ELPC	Companhia Paranaense	Pair Corr
0.72	ENIC	Enel Chile SA	Pair Corr
0.78	EVRG	Evergy Sell-off Trend	Pair Corr
0.86	CLP1	CLP HLDGS LTD	Pair Corr
0.63	MNV6	Mainova AG	Pair Corr
0.68	ENA	Endesa SA	Pair Corr
0.84	ENL	Enel SpA	Pair Corr
0.68	AEP	American Electric Power	Pair Corr
0.8	CIG	Companhia Energetica	Pair Corr
0.92	DTW	DTE Energy	Pair Corr
0.73	DUK	Duke Energy	Pair Corr
0.84	EAI	Entergy Arkansas LLC	Pair Corr
0.85	EIX	Edison International	Pair Corr
0.8	ELC	Entergy Louisiana LLC	Pair Corr
0.85	EMA	Emera Incorporated	Pair Corr
0.7	EMP	Entergy Mississippi LLC	Pair Corr
0.75	ETR	Entergy	Pair Corr
0.62	EXC	Exelon	Pair Corr
0.81	FTS	Fortis Inc	Pair Corr
0.89	SCTA	SSE PLC ADR	Pair Corr
0.83	IDA	IDACORP	Pair Corr
0.78	FTS	Fortis Inc	Pair Corr
0.75	KEP	Korea Electric Power	Pair Corr

Moving against Southern Stock

0.75	EDN	Empresa Distribuidora Earnings Call This Week	Pair Corr
0.71	VGAS	Verde Clean Fuels	Pair Corr
0.69	CEG	Constellation Energy Corp	Pair Corr
0.54	RNWWW	ReNew Energy Global	Pair Corr
0.82	PAM	Pampa Energia SA Earnings Call Today	Pair Corr
0.65	RNW	Renew Energy Global	Pair Corr

Related Correlations Analysis

	CMS	EBR	EIX	FTS	KEP	EBR-B	DUK	AQNB
CMS		0.05	0.85	0.89	0.56	0.11	0.97	0.42	CMS
EBR	0.05		0.33	0.25	0.44	0.97	0.19	0.55	EBR
EIX	0.85	0.33		0.96	0.66	0.36	0.92	0.72	EIX
FTS	0.89	0.25	0.96		0.71	0.31	0.96	0.73	FTS
KEP	0.56	0.44	0.66	0.71		0.51	0.63	0.8	KEP
EBR-B	0.11	0.97	0.36	0.31	0.51		0.25	0.6	EBR-B
DUK	0.97	0.19	0.92	0.96	0.63	0.25		0.57	DUK
AQNB	0.42	0.55	0.72	0.73	0.8	0.6	0.57		AQNB
	CMS	EBR	EIX	FTS	KEP	EBR-B	DUK	AQNB

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMS	0.73	0.07	0.03	(0.65)	0.91	(0.74)	1.32	(1.31)	3.92
EBR	2.20	0.48	0.09	0.92	4.49	(2.35)	2.80	(3.23)	32.39
EIX	1.18	0.38	0.21	(3.06)	1.28	(1.33)	3.01	(2.41)	6.29
FTS	0.72	0.18	0.16	(0.28)	0.57	(0.88)	1.40	(1.17)	4.38
KEP	2.45	0.03	0.00	0.07	3.84	(2.31)	6.12	(5.23)	26.98
EBR-B	2.54	0.54	0.08	2.43	4.47	(2.74)	5.25	(3.48)	31.49
DUK	0.75	0.13	0.08	(0.49)	0.94	(0.75)	1.58	(1.39)	3.80
AQNB	0.19	0.03	(0.02)	0.44	0.00	(0.26)	0.54	(0.35)	1.83

Southern Corporate Management

Henry Clark	Independent Director	Profile
Stanley Connally	Executive Vice President Operations of SCS	Profile
John Johns	Independent Director	Profile
William Smith	Independent Director	Profile
Mark Lantrip	Executive Vice President	Profile
Donald James	Independent Director	Profile
Christopher Cummiskey	Executive Vice President	Profile

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