Southern (Germany) Market Value
| SOT Stock | EUR 84.63 0.80 0.95% |
| Symbol | Southern |
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 The Southern or generate 0.0% return on investment in Southern over 720 days. Southern is related to or competes with NextEra Energy, VERBUND AG, American Electric, Eversource Energy, CEZ A, and Edison International. 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 The Southern upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0182 | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.82 |
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 | 0.1079 | |||
| Jensen Alpha | 0.1256 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.019 | |||
| Treynor Ratio | 1.12 |
Southern Backtested Returns
At this point, Southern is very steady. Southern owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for The Southern, which you can use to evaluate the volatility of the company. Please validate Southern's Coefficient Of Variation of 731.39, risk adjusted performance of 0.1079, and Semi Deviation of 0.8814 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Southern has a performance score of 11 on a scale of 0 to 100. The entity has a beta of 0.13, 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. Southern right now has a risk of 1.1%. Please validate Southern sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to decide if Southern will be following its existing price patterns.
Auto-correlation | 0.29 |
Poor predictability
The Southern has poor 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 0.29 indicates that nearly 29.0% of current Southern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 65.52 |
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 The Southern.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Southern Stock
Southern financial ratios help investors to determine whether Southern Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Southern with respect to the benefits of owning Southern security.