Southern Co Preferred Stock Market Value
| SOJC Preferred Stock | USD 23.61 0.12 0.51% |
| 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 preferred 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Southern on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Co or generate 0.0% return on investment in Southern over 30 days. Southern is related to or competes with NL Industries, Origin Materials, CF Industries, Hudson Technologies, Delek Drilling, Chemours, and Air Products. 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 preferred 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 Southern Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 2.94 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 0.8735 |
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 | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.38) |
Southern Backtested Returns
Southern owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0588, which indicates the firm had a -0.0588% return per unit of risk over the last 3 months. Southern Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Southern's Coefficient Of Variation of (1,746), risk adjusted performance of (0.05), and Variance of 0.3482 to confirm the risk estimate we provide. The entity has a beta of 0.11, 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. At this point, Southern has a negative expected return of -0.0354%. Please make sure to validate Southern's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Southern performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Southern Co has weak reverse predictability. Overlapping area represents the amount of predictability between Southern time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 -0.25 indicates that over 25.0% of current Southern price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Southern lagged returns against current returns
Autocorrelation, which is Southern preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern preferred 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 preferred 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 preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Southern Preferred Stock
Southern financial ratios help investors to determine whether Southern Preferred 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.