Southern Co Stock Market Value
| SOJD Stock | USD 21.91 0.17 0.78% |
| 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.
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.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Southern on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Southern Co or generate 0.0% return on investment in Southern over 360 days. Southern is related to or competes with Southern, Southern Company, ATT, Aegon Funding, and National Rural. Southern is entity of United States. It is traded as Stock on NYSE exchange. 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 Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.26 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.03 |
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 | (0.06) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.88) |
Southern Backtested Returns
Southern owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Southern Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Southern's Risk Adjusted Performance of (0.06), coefficient of variation of (1,228), and Variance of 0.5369 to confirm the risk estimate we provide. The entity has a beta of 0.0791, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Southern's returns are expected to increase less than the market. However, during the bear market, the loss of holding Southern is expected to be smaller as well. At this point, Southern has a negative expected return of -0.0752%. Please make sure to validate Southern's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Southern performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Southern Co has average predictability. Overlapping area represents the amount of predictability between Southern time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 0.49 indicates that about 49.0% of current Southern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
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 Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Southern is a strong investment it is important to analyze Southern's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Southern's future performance. For an informed investment choice regarding Southern Stock, refer to the following important reports:Check out Southern Correlation, Southern Volatility and Southern Alpha and Beta module to complement your research on Southern. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.