Which stocks are most correlated with SOJE?

Based on one year of daily returns, the stocks most correlated with The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060 (SOJE) are SOJD (0.73), SOJC (0.72) 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 SOJE?

Over the past year, the stocks most inversely correlated with The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060 (SOJE) are SCC (-0.41), SH (-0.41) and SDS (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060 (SOJE) — Stock Correlations & Overview

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

Stocks correlated with SOJE

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

Most correlated with SOJE

Symbol	Company	Correlation
SOJD	The Southern Company Series 2020A 4.95% Junior Subordinated Notes due January 30, 2080ELECTRIC SERVICES	0.73
SOJC	The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES	0.72
PGX	Invesco Preferred ETFINVESTMENT ADVICE	0.66
PGF	Invesco Financial Preferred ETF	0.66
WFCpZ	Wells Fargo & Company Depositary Shares, each representing a 1/1,000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series ZNATIONAL COMMERCIAL BANKS	0.65

Most inversely correlated with SOJE

Symbol	Company	Correlation
SCC	ProShares UltraShort Consumer Discretionary	-0.41
SH	ProShares Short S&P500	-0.41
SDS	ProShares UltraShort S&P500	-0.41
SPXU	ProShares UltraPro Short S&P 500	-0.41
SDD	ProShares UltraShort SmallCap600	-0.41

Frequently asked questions about SOJE correlations

Which stocks are most correlated with SOJE?: Based on one year of daily returns, the stocks most correlated with The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060 (SOJE) are SOJD (0.73), SOJC (0.72) 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 SOJE?: Over the past year, the stocks most inversely correlated with The Southern Company Series 2020C 4.20% Junior Subordinated Notes due October 15, 2060 (SOJE) are SCC (-0.41), SH (-0.41) and SDS (-0.41). 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 SOJE correlations calculated?: We compute the correlation of daily returns between SOJE 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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