SO vs TEAM: Correlation
Southern Company (SO) and Atlassian Corporation (TEAM) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SO and TEAM?
Over the past 3 years, SO and TEAM moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -314.6 %².
Among the 48 assets we track against SO, TEAM sits near the bottom by co-movement, at rank #48. The trailing year gives TEAM the advantage: -1.4% versus +8.0%, a 9.4-point spread. Risk is not evenly split, since TEAM carries 3.7 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SO vs TEAM: side by side
| SO (Southern Company) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | -1.4% | +8.0% |
| 5-year return | +62.6% | -49.3% |
| Volatility (ann.) | 16.5% | 61.5% |
| Beta vs S&P 500 | -0.02 | 1.66 |
| Max drawdown (3Y) | -15.0% | -82.3% |
| Market cap | $102.4B | $47.0B |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 3.32% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | SO | TEAM |
|---|---|---|
| 2022 | +8.2% | -66.3% |
| 2023 | +2.2% | +84.8% |
| 2024 | +21.7% | +2.3% |
| 2025 | +9.5% | -33.4% |
| 2026 | +4.6% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SO and TEAM good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between SO and TEAM?
As of 2026-08-27, the correlation of weekly returns between SO and TEAM is -0.31 over 3 years, -0.35 over 1 year and -0.16 over 5 years.
Is TEAM a good diversifier for SO?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
A reading of -0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SO correlations · TEAM correlations
