The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060 (SOJE) Correlation Distribution
Across 6,808 rolling correlation observations between The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060 (SOJE) and other NASDAQ-listed stocks, 69.4% are positive and 30.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32.2% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,808
- Mean correlation
- 0.298
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.4%
- Strong positive (≥0.7)
- 32.2%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 60 | 0.9% | |
| -0.8 to -0.7 | 60 | 0.9% | |
| -0.7 to -0.6 | 232 | 3.4% | |
| -0.6 to -0.5 | 232 | 3.4% | |
| -0.5 to -0.4 | 302 | 4.4% | |
| -0.4 to -0.3 | 301 | 4.4% | |
| -0.3 to -0.2 | 294 | 4.3% | |
| -0.2 to -0.1 | 294 | 4.3% | |
| -0.1 to 0.0 | 302 | 4.4% | |
| 0.0 to 0.1 | 302 | 4.4% | |
| 0.1 to 0.2 | 300 | 4.4% | |
| 0.2 to 0.3 | 300 | 4.4% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 325 | 4.8% | |
| 0.5 to 0.6 | 489 | 7.2% | |
| 0.6 to 0.7 | 489 | 7.2% | |
| 0.7 to 0.8 | 950 | 14.0% | |
| 0.8 to 0.9 | 949 | 13.9% | |
| 0.9 to 1.0 | 296 | 4.3% |
Frequently asked questions
What is the average correlation of SOJE?
The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060 (SOJE) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is SOJE positively correlated with other stocks?
Mostly yes — 69.4% of pairs are positive and 30.6% are negative. Strong positive correlations (≥0.7) make up 32.2%.
What is the most common correlation range for SOJE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.3% of all pairs.
Explore the full interactive correlation distribution for SOJE.
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