Southern Company Stock Market Value
| SO Stock | USD 87.60 0.54 0.61% |
| Symbol | Southern |
Southern Price To Book Ratio
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Southern. If investors know Southern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Southern listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.078 | Dividend Share 2.84 | Earnings Share 4.29 | Revenue Per Share 24.135 | Quarterly Revenue Growth 0.042 |
The market value of Southern is measured differently than its book value, which is the value of Southern that is recorded on the company's balance sheet. Investors also form their own opinion of Southern's value that differs from its market value or its book value, called intrinsic value, which is Southern's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Southern's market value can be influenced by many factors that don't directly affect Southern's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Southern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Southern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southern's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Southern 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Southern's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Southern.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Southern on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Southern Company or generate 0.0% return on investment in Southern over 720 days. Southern is related to or competes with Dominion Energy, American Electric, Nextera Energy, Consolidated Edison, Edison International, Duke Energy, and Exelon. The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity More
Southern Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Southern's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Southern Company upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9896 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.63 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.73 |
Southern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern's standard deviation. In reality, there are many statistical measures that can use Southern historical prices to predict the future Southern's volatility.| Risk Adjusted Performance | 0.0316 | |||
| Jensen Alpha | 0.0414 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.26) |
Southern Backtested Returns
As of now, Southern Stock is very steady. Southern owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0509, which indicates the firm had a 0.0509% return per unit of risk over the last 3 months. We have found thirty technical indicators for Southern Company, which you can use to evaluate the volatility of the company. Please validate Southern's Risk Adjusted Performance of 0.0316, semi deviation of 0.9384, and Coefficient Of Variation of 2622.66 to confirm if the risk estimate we provide is consistent with the expected return of 0.0513%. Southern has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Southern are expected to decrease at a much lower rate. During the bear market, Southern is likely to outperform the market. Southern right now has a risk of 1.01%. Please validate Southern semi variance, as well as the relationship between the rate of daily change and relative strength index , to decide if Southern will be following its existing price patterns.
Auto-correlation | 0.17 |
Very weak predictability
Southern Company has very weak predictability. Overlapping area represents the amount of predictability between Southern time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Southern price movement. The serial correlation of 0.17 indicates that over 17.0% of current Southern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 80.15 |
Southern lagged returns against current returns
Autocorrelation, which is Southern stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Southern's stock expected returns. We can calculate the autocorrelation of Southern returns to help us make a trade decision. For example, suppose you find that Southern has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Southern regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Southern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Lagged Returns
When evaluating Southern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern stock have on its future price. Southern autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Southern autocorrelation shows the relationship between Southern stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Company.
Regressed Prices |
| Timeline |
Pair Trading with Southern
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Southern position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Southern will appreciate offsetting losses from the drop in the long position's value.Moving together with Southern Stock
Moving against Southern Stock
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 Southern Company to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Southern can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Southern Correlation, Southern Volatility and Southern Alpha and Beta module to complement your research on Southern. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Southern technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.