The Southern Company Series 2020A 4.95% Junior Subordinated Notes due January 30, 2080 (SOJD) Correlation Distribution
Across 6,809 rolling correlation observations between The Southern Company Series 2020A 4.95% Junior Subordinated Notes due January 30, 2080 (SOJD) and other NASDAQ-listed stocks, 67.4% are positive and 32.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.261, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.5% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.261
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.4%
- Strong positive (≥0.7)
- 27.5%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 66 | 1.0% | |
| -0.8 to -0.7 | 66 | 1.0% | |
| -0.7 to -0.6 | 258 | 3.8% | |
| -0.6 to -0.5 | 258 | 3.8% | |
| -0.5 to -0.4 | 322 | 4.7% | |
| -0.4 to -0.3 | 322 | 4.7% | |
| -0.3 to -0.2 | 298 | 4.4% | |
| -0.2 to -0.1 | 297 | 4.4% | |
| -0.1 to 0.0 | 328 | 4.8% | |
| 0.0 to 0.1 | 327 | 4.8% | |
| 0.1 to 0.2 | 319 | 4.7% | |
| 0.2 to 0.3 | 319 | 4.7% | |
| 0.3 to 0.4 | 334 | 4.9% | |
| 0.4 to 0.5 | 333 | 4.9% | |
| 0.5 to 0.6 | 544 | 8.0% | |
| 0.6 to 0.7 | 544 | 8.0% | |
| 0.7 to 0.8 | 850 | 12.5% | |
| 0.8 to 0.9 | 850 | 12.5% | |
| 0.9 to 1.0 | 171 | 2.5% |
Frequently asked questions
What is the average correlation of SOJD?
The Southern Company Series 2020A 4.95% Junior Subordinated Notes due January 30, 2080 (SOJD) has an average correlation of about 0.261 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SOJD positively correlated with other stocks?
Mostly yes — 67.4% of pairs are positive and 32.6% are negative. Strong positive correlations (≥0.7) make up 27.5%.
What is the most common correlation range for SOJD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.7% of all pairs.
Explore the full interactive correlation distribution for SOJD.
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