The Southern Company (SO) Correlation Distribution
Across 6,809 rolling correlation observations between The Southern Company (SO) and other NASDAQ-listed stocks, 39.6% are positive and 60.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.087, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.9% and strong negative correlations (≤−0.7) for 6.4%.
- Total observations
- 6,809
- Mean correlation
- -0.087
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.6%
- Strong positive (≥0.7)
- 11.9%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 219 | 3.2% | |
| -0.8 to -0.7 | 219 | 3.2% | |
| -0.7 to -0.6 | 820 | 12.0% | |
| -0.6 to -0.5 | 820 | 12.0% | |
| -0.5 to -0.4 | 560 | 8.2% | |
| -0.4 to -0.3 | 559 | 8.2% | |
| -0.3 to -0.2 | 324 | 4.8% | |
| -0.2 to -0.1 | 323 | 4.7% | |
| -0.1 to 0.0 | 270 | 4.0% | |
| 0.0 to 0.1 | 269 | 4.0% | |
| 0.1 to 0.2 | 254 | 3.7% | |
| 0.2 to 0.3 | 253 | 3.7% | |
| 0.3 to 0.4 | 246 | 3.6% | |
| 0.4 to 0.5 | 246 | 3.6% | |
| 0.5 to 0.6 | 309 | 4.5% | |
| 0.6 to 0.7 | 309 | 4.5% | |
| 0.7 to 0.8 | 394 | 5.8% | |
| 0.8 to 0.9 | 394 | 5.8% | |
| 0.9 to 1.0 | 20 | 0.3% |
Frequently asked questions
What is the average correlation of SO?
The Southern Company (SO) has an average correlation of about -0.087 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SO positively correlated with other stocks?
Not predominantly — 39.6% of pairs are positive and 60.4% are negative. Strong positive correlations (≥0.7) make up 11.9%.
What is the most common correlation range for SO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.9% of all pairs.
Explore the full interactive correlation distribution for SO.
Open interactive dashboard →