Which stocks are most correlated with SOJD?

Based on one year of daily returns, the stocks most correlated with The Southern Company Series 2020A 4.95% Junior Subordinated Notes due January 30, 2080 (SOJD) are SOJE (0.73), SOJC (0.73) and PGX (0.66). 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 SOJD?

Over the past year, the stocks most inversely correlated with The Southern Company Series 2020A 4.95% Junior Subordinated Notes due January 30, 2080 (SOJD) are RWM (-0.44), SRTY (-0.43) and TWM (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.

The Southern Company Series 2020A 4.95% Junior Subordinated Notes due January 30, 2080 (SOJD) — Stock Correlations & Overview

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

Stocks correlated with SOJD

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

Most correlated with SOJD

Symbol	Company	Correlation
SOJE	The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060ELECTRIC SERVICES	0.73
SOJC	The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES	0.73
PGX	Invesco Preferred ETFINVESTMENT ADVICE	0.66
ALLpH	The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE	0.65
TpA	AT&T Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Perpetual Preferred Stock, Series ATELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)	0.65

Most inversely correlated with SOJD

Symbol	Company	Correlation
RWM	ProShares Short Russell2000	-0.44
SRTY	ProShares UltraPro Short Russell2000	-0.43
TWM	ProShares UltraShort Russell2000	-0.43
SDS	ProShares UltraShort S&P500	-0.43
SPXU	ProShares UltraPro Short S&P 500	-0.43

Frequently asked questions about SOJD correlations

Which stocks are most correlated with SOJD?: Based on one year of daily returns, the stocks most correlated with The Southern Company Series 2020A 4.95% Junior Subordinated Notes due January 30, 2080 (SOJD) are SOJE (0.73), SOJC (0.73) and PGX (0.66). 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 SOJD?: Over the past year, the stocks most inversely correlated with The Southern Company Series 2020A 4.95% Junior Subordinated Notes due January 30, 2080 (SOJD) are RWM (-0.44), SRTY (-0.43) and TWM (-0.43). 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 SOJD correlations calculated?: We compute the correlation of daily returns between SOJD 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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