Southern Company Series Stock Market Value
| SOJE Stock | USD 20.12 0.30 1.51% |
| Symbol | Southern |
Southern Company Price To Book Ratio
Is 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 Company. 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 Company listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity 0.1204 |
The market value of Southern Company 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 Company's value that differs from its market value or its book value, called intrinsic value, which is Southern Company'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 Company's market value can be influenced by many factors that don't directly affect Southern Company'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 Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if Southern Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southern Company'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 Company '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 Company'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 Company.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Southern Company on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Company Series or generate 0.0% return on investment in Southern Company over 30 days. Southern Company is related to or competes with Southern, DTE Energy, Southern, Prudential Financial, and United States. Southern Company is entity of United States More
Southern Company 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 Company'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 Series upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 3.07 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 0.9781 |
Southern Company Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern Company's standard deviation. In reality, there are many statistical measures that can use Southern Company historical prices to predict the future Southern Company's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.57) |
Southern Company Backtested Returns
Southern Company owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0642, which indicates the firm had a -0.0642% return per unit of risk over the last 3 months. Southern Company Series exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Southern Company's Coefficient Of Variation of (1,409), variance of 0.4984, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Southern Company's returns are expected to increase less than the market. However, during the bear market, the loss of holding Southern Company is expected to be smaller as well. At this point, Southern Company has a negative expected return of -0.0477%. Please make sure to validate Southern Company's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Southern Company performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Southern Company Series has average predictability. Overlapping area represents the amount of predictability between Southern Company time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Company price movement. The serial correlation of 0.49 indicates that about 49.0% of current Southern Company price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Southern Company lagged returns against current returns
Autocorrelation, which is Southern Company 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 Company's stock expected returns. We can calculate the autocorrelation of Southern Company returns to help us make a trade decision. For example, suppose you find that Southern Company 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 Company 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 Company stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern Company stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern Company stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Company Lagged Returns
When evaluating Southern Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern Company stock have on its future price. Southern Company 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 Company autocorrelation shows the relationship between Southern Company stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Company Series.
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 Company is a strong investment it is important to analyze Southern Company'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 Company's future performance. For an informed investment choice regarding Southern Stock, refer to the following important reports:Check out Southern Company Correlation, Southern Company Volatility and Southern Company Alpha and Beta module to complement your research on Southern Company. For information on how to trade Southern Stock refer to our How to Trade Southern Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Southern Company 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.