The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) Correlation Distribution
Across 6,809 rolling correlation observations between The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) and other NASDAQ-listed stocks, 67.8% are positive and 32.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.239, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 20.9% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- 0.239
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.8%
- Strong positive (≥0.7)
- 20.9%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 62 | 0.9% | |
| -0.8 to -0.7 | 61 | 0.9% | |
| -0.7 to -0.6 | 277 | 4.1% | |
| -0.6 to -0.5 | 277 | 4.1% | |
| -0.5 to -0.4 | 324 | 4.8% | |
| -0.4 to -0.3 | 323 | 4.7% | |
| -0.3 to -0.2 | 283 | 4.2% | |
| -0.2 to -0.1 | 283 | 4.2% | |
| -0.1 to 0.0 | 305 | 4.5% | |
| 0.0 to 0.1 | 304 | 4.5% | |
| 0.1 to 0.2 | 353 | 5.2% | |
| 0.2 to 0.3 | 352 | 5.2% | |
| 0.3 to 0.4 | 407 | 6.0% | |
| 0.4 to 0.5 | 407 | 6.0% | |
| 0.5 to 0.6 | 685 | 10.1% | |
| 0.6 to 0.7 | 684 | 10.0% | |
| 0.7 to 0.8 | 698 | 10.3% | |
| 0.8 to 0.9 | 697 | 10.2% | |
| 0.9 to 1.0 | 27 | 0.4% |
Frequently asked questions
What is the average correlation of SOJC?
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) has an average correlation of about 0.239 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SOJC positively correlated with other stocks?
Mostly yes — 67.8% of pairs are positive and 32.2% are negative. Strong positive correlations (≥0.7) make up 20.9%.
What is the most common correlation range for SOJC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.6% of all pairs.
Explore the full interactive correlation distribution for SOJC.
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