Which stocks are most correlated with SOJC?

Based on one year of daily returns, the stocks most correlated with The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) are EAI (0.76), WFCpC (0.73) and SOJD (0.73). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with SOJC?

Over the past year, the stocks most inversely correlated with The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) are SDD (-0.45), RWM (-0.44) and SPXS (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.

The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) — Stock Correlations & Overview

Over the past year, SOJC has moved most closely with EAI, WFCpC, SOJD. Explore the stocks most correlated and inversely correlated with SOJC below, along with its price, financials, and company profile.

Stocks correlated with SOJC

Correlation of daily returns. Higher positive values move with SOJC; negative values move opposite it. Informational only, not investment advice.

Most correlated with SOJC

Symbol	Company	Correlation
EAI	Entergy Arkansas, LLC First Mortgage Bonds, 4.875% Series due September 1, 2066ELECTRIC SERVICES	0.76
WFCpC	Wells Fargo & Company Depositary Shares, each representing a 1/1, 000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CCNATIONAL COMMERCIAL BANKS	0.73
SOJD	The Southern Company Series 2020A 4.95% Junior Subordinated Notes due January 30, 2080ELECTRIC SERVICES	0.73
SOJE	The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060ELECTRIC SERVICES	0.72
METpF	MetLife, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 4.75% Non-Cumulative Preferred Stock, Series FLIFE INSURANCE	0.72

Most inversely correlated with SOJC

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.45
RWM	ProShares Short Russell2000	-0.44
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.44
SPXU	ProShares UltraPro Short S&P 500	-0.44
SRTY	ProShares UltraPro Short Russell2000	-0.44

Frequently asked questions about SOJC correlations

Which stocks are most correlated with SOJC?: Based on one year of daily returns, the stocks most correlated with The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) are EAI (0.76), WFCpC (0.73) and SOJD (0.73). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with SOJC?: Over the past year, the stocks most inversely correlated with The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077 (SOJC) are SDD (-0.45), RWM (-0.44) and SPXS (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these SOJC correlations calculated?: We compute the correlation of daily returns between SOJC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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