Electric Utilities: Central

Constellation Energy Corporation vs The Southern Company

WatchlistCEG / SOPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($103B vs $93B) in Nasdaq's "Electric Utilities: Central" industry; SEC SIC 4911 / 4911 (same major group); #2 and #3 by market value ($103B vs $93B) with SEC SIC 4911 (Electric Services).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: 0.11 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.77 (needs <= -2.873 (5% critical value))
Business leadership

SO is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearCEGSOLarger
2025$25.5B$29.6BSO
2024$23.6B$26.7BSO
2023$24.9B$25.3BSO
2022$24.4B$29.3BSO
2021$19.6B$23.1BSO
2020$17.6B$20.4BSO

SO led in every year with figures for both. Market value: CEG $93.3B, SO $102.7B.

Stock leadership

SO is ahead now

Measured against the pair's own last 252 trading days.

SO leads CEG by 1.26 standard deviations: +19.0% over its usual price ratio. 3 lead switches in the last year.

Price change3 mo6 mo12 mo
CEG-7.0%-12.8%-28.9%
SO-3.5%-0.1%-3.3%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 1195 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.11 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.77 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 25.18 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

CEG Constellation Energy Corporation SO The Southern CompanyPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026
Spread z-score: CEG relative to SO, against the 252 sessions before each day. Above 0: CEG ahead; below 0: SO ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCEG indexSO indexzAhead
2026-10-2294.47100.62-1.26SO ahead
2026-10-21100.2196.94-0.57SO ahead
2026-10-2095.8197.29-0.92SO ahead
2026-10-1997.4295.74-0.69SO ahead
2026-10-16100.4597.79-0.63SO ahead
2026-10-15101.7995.65-0.38near the usual relationship
2026-10-14103.4795.86-0.29near the usual relationship
2026-10-13109.4994.50+0.21near the usual relationship
2026-10-12108.7893.35+0.25near the usual relationship
2026-10-09110.3392.42+0.41near the usual relationship
2026-10-08105.5292.40+0.10near the usual relationship
2026-10-07110.8991.63+0.50CEG ahead
2026-10-06111.1991.63+0.52CEG ahead
2026-10-0599.0689.86-0.16near the usual relationship
2026-10-0295.3189.79-0.43near the usual relationship
2026-10-0195.8489.52-0.37near the usual relationship
2026-09-3094.0388.90-0.46near the usual relationship
2026-09-2997.9389.50-0.23near the usual relationship
2026-09-2896.4088.32-0.25near the usual relationship
2026-09-2597.4588.89-0.22near the usual relationship
2026-09-2496.8488.90-0.27near the usual relationship
2026-09-2397.6889.52-0.26near the usual relationship
2026-09-2297.5291.32-0.41near the usual relationship
2026-09-2197.0291.66-0.48near the usual relationship
2026-09-1894.2891.72-0.69SO ahead
2026-09-1797.2893.05-0.58SO ahead
2026-09-1696.0792.48-0.62SO ahead
2026-09-1596.2092.18-0.60SO ahead
2026-09-1497.9393.31-0.56SO ahead
2026-09-11105.4093.49-0.06near the usual relationship
2026-09-10105.8594.11-0.08near the usual relationship
2026-09-09108.7994.74+0.06near the usual relationship
2026-09-08110.6995.44+0.13near the usual relationship
2026-09-04110.6694.50+0.20near the usual relationship
2026-09-03105.5195.21-0.18near the usual relationship
2026-09-02107.3694.71-0.03near the usual relationship
2026-09-01103.7694.48-0.25near the usual relationship
2026-08-31101.7194.38-0.38near the usual relationship
2026-08-28102.4494.65-0.36near the usual relationship
2026-08-27104.5395.51-0.28near the usual relationship
2026-08-26103.4696.27-0.41near the usual relationship
2026-08-25103.0696.49-0.45near the usual relationship
2026-08-24101.2196.63-0.59SO ahead
2026-08-21101.0195.39-0.52SO ahead
2026-08-20101.0298.06-0.71SO ahead
2026-08-19101.4898.87-0.75SO ahead
2026-08-1898.7798.75-0.93SO ahead
2026-08-17102.9898.98-0.66SO ahead
2026-08-14104.5799.53-0.60SO ahead
2026-08-13103.1499.52-0.70SO ahead
2026-08-12103.1599.23-0.68SO ahead
2026-08-11103.0498.58-0.65SO ahead
2026-08-10100.1097.96-0.81SO ahead
2026-08-0799.9099.41-0.94SO ahead
2026-08-0696.6599.64-1.19SO ahead
2026-08-0598.1399.85-1.11SO ahead
2026-08-0498.92100.01-1.07SO ahead
2026-08-03101.3199.68-0.89SO ahead
2026-07-3197.26101.39-1.31SO ahead
2026-07-3097.56101.18-1.28SO ahead
2026-07-2995.48103.01-1.58SO ahead
2026-07-2896.17103.80-1.60SO ahead
2026-07-2799.94103.47-1.31SO ahead
2026-07-24101.55104.30-1.26SO ahead
2026-07-23102.01103.60-1.18SO ahead
2026-07-22101.75102.75-1.15SO ahead
2026-07-2197.06100.65-1.35SO ahead
2026-07-2093.83101.31-1.66SO ahead
2026-07-1793.42102.21-1.78SO ahead
2026-07-1693.19103.04-1.88SO ahead
2026-07-1595.54101.46-1.59SO ahead
2026-07-1494.92102.92-1.77SO ahead
2026-07-1395.34103.46-1.79SO ahead
2026-07-1093.05102.54-1.93SO ahead
2026-07-0992.81102.07-1.94SO ahead
2026-07-0890.51103.37-2.26SO ahead
2026-07-0788.73104.34-2.53SO ahead
2026-07-0691.01102.95-2.25SO ahead
2026-07-0288.56105.08-2.68SO ahead
2026-07-0187.54102.02-2.58SO ahead
2026-06-3091.93102.65-2.26SO ahead
2026-06-2995.99103.76-2.02SO ahead
2026-06-2697.73104.20-1.93SO ahead
2026-06-2599.46102.86-1.69SO ahead
2026-06-2499.19102.72-1.72SO ahead
2026-06-23100.04101.81-1.58SO ahead
2026-06-22101.99100.20-1.30SO ahead
2026-06-18101.4499.84-1.32SO ahead
2026-06-1798.8999.24-1.50SO ahead
2026-06-1699.20101.15-1.65SO ahead
2026-06-1597.11100.62-1.80SO ahead
2026-06-1293.93100.82-2.13SO ahead
2026-06-1191.32100.03-2.34SO ahead
2026-06-1089.69100.84-2.62SO ahead
2026-06-0993.1599.69-2.21SO ahead
2026-06-0892.7997.90-2.10SO ahead
2026-06-0594.3399.31-2.11SO ahead
2026-06-0497.9498.26-1.68SO ahead
2026-06-0398.9297.05-1.49SO ahead
2026-06-02100.9297.07-1.31SO ahead
2026-06-0198.3595.48-1.41SO ahead
2026-05-29106.5198.72-0.98SO ahead
2026-05-28105.9899.23-1.08SO ahead
2026-05-27106.86100.54-1.13SO ahead
2026-05-26111.63100.91-0.76SO ahead
2026-05-22108.85101.40-1.04SO ahead
2026-05-21105.80101.07-1.28SO ahead
2026-05-20104.11100.41-1.38SO ahead
2026-05-1996.49100.97-2.18SO ahead
2026-05-1896.98100.50-2.11SO ahead
2026-05-1598.9099.26-1.82SO ahead
2026-05-14101.89100.47-1.66SO ahead
2026-05-13101.7599.89-1.63SO ahead
2026-05-12108.68100.25-1.02SO ahead
2026-05-11110.9399.85-0.77SO ahead
2026-05-08112.3998.46-0.50SO ahead
2026-05-07115.2299.13-0.32near the usual relationship
2026-05-06119.48100.29-0.07near the usual relationship
2026-05-05118.60102.85-0.37near the usual relationship
2026-05-04118.84102.95-0.35near the usual relationship
2026-05-01113.94103.72-0.78SO ahead
2026-04-30115.86103.71-0.61SO ahead
2026-04-29109.93100.29-0.76SO ahead
2026-04-28113.16101.25-0.57SO ahead
2026-04-27116.66100.57-0.23near the usual relationship
2026-04-24116.05100.27-0.23near the usual relationship
2026-04-23108.37100.72-0.80SO ahead
2026-04-22106.2998.53-0.75SO ahead
2026-04-21102.7998.58-0.99SO ahead
2026-04-20106.44100.29-0.82SO ahead
2026-04-17109.64101.36-0.66SO ahead
2026-04-16110.73101.78-0.60SO ahead
2026-04-15109.09101.50-0.67SO ahead
2026-04-14109.79102.92-0.70SO ahead
2026-04-13107.98102.89-0.80SO ahead
2026-04-10106.05104.19-0.99SO ahead
2026-04-09103.73104.67-1.14SO ahead
2026-04-08105.22104.21-0.98SO ahead
2026-04-07100.90103.84-1.20SO ahead
2026-04-06101.85103.97-1.13SO ahead
2026-04-02100.98104.52-1.20SO ahead
2026-04-01103.44103.97-1.00SO ahead
2026-03-31103.36103.52-0.96SO ahead
2026-03-30110.53103.96-0.56SO ahead
2026-03-27111.60102.48-0.40near the usual relationship
2026-03-26109.26102.34-0.51SO ahead
2026-03-25112.27101.47-0.29near the usual relationship
2026-03-24109.14100.79-0.41near the usual relationship
2026-03-23107.25100.55-0.49near the usual relationship
2026-03-20104.38100.16-0.62SO ahead
2026-03-19117.14103.21-0.11near the usual relationship
2026-03-18117.42103.54-0.11near the usual relationship
2026-03-17113.89105.39-0.38near the usual relationship
2026-03-16113.11106.30-0.46near the usual relationship
2026-03-13111.70105.12-0.46near the usual relationship
2026-03-12111.62104.93-0.44near the usual relationship
2026-03-11111.30103.24-0.35near the usual relationship
2026-03-10117.37103.25-0.05near the usual relationship
2026-03-09119.56104.30+0.00near the usual relationship
2026-03-06118.10104.55-0.07near the usual relationship
2026-03-05122.92104.25+0.17near the usual relationship
2026-03-04119.50104.71+0.00near the usual relationship
2026-03-03120.25103.81+0.08near the usual relationship
2026-03-02121.10104.28+0.10near the usual relationship
2026-02-27122.11104.44+0.14near the usual relationship
2026-02-26119.77103.34+0.09near the usual relationship
2026-02-25120.61102.87+0.16near the usual relationship
2026-02-24115.72102.76-0.06near the usual relationship
2026-02-23108.75102.08-0.36near the usual relationship
2026-02-20109.14101.14-0.30near the usual relationship
2026-02-19107.96101.94-0.40near the usual relationship
2026-02-18108.8497.64-0.13near the usual relationship
2026-02-17112.1698.67-0.02near the usual relationship
2026-02-13106.76101.83-0.47near the usual relationship
2026-02-12102.2199.27-0.57SO ahead
2026-02-11102.4897.45-0.46near the usual relationship
2026-02-10100.3697.30-0.57SO ahead
2026-02-09100.7495.86-0.47near the usual relationship
2026-02-0696.7696.61-0.73SO ahead
2026-02-0591.4597.68-1.11SO ahead
2026-02-0492.7196.84-0.99SO ahead
2026-02-0399.3796.66-0.61SO ahead
2026-02-02100.2794.58-0.45near the usual relationship
2026-01-30103.8995.79-0.33near the usual relationship
2026-01-29106.4095.60-0.19near the usual relationship
2026-01-28106.5894.73-0.13near the usual relationship
2026-01-27106.8895.28-0.15near the usual relationship
2026-01-26105.5994.55-0.18near the usual relationship
2026-01-23107.0093.89-0.08near the usual relationship
2026-01-22106.3693.85-0.11near the usual relationship
2026-01-21108.9695.61-0.08near the usual relationship
2026-01-20109.3495.26-0.05near the usual relationship
2026-01-16113.9095.35+0.17near the usual relationship
2026-01-15126.3095.22+0.73CEG ahead
2026-01-14122.2994.83+0.58CEG ahead
2026-01-13123.4693.90+0.69CEG ahead
2026-01-12124.3293.03+0.78CEG ahead
2026-01-09126.7893.32+0.88CEG ahead
2026-01-08119.3993.54+0.54CEG ahead
2026-01-07125.3492.52+0.87CEG ahead
2026-01-06131.2593.87+1.05CEG ahead
2026-01-05131.3893.17+1.10CEG ahead
2026-01-02135.5793.50+1.26CEG ahead
2025-12-31130.7693.52+1.08CEG ahead
2025-12-30132.1993.92+1.12CEG ahead
2025-12-29132.6493.89+1.15CEG ahead
2025-12-26133.4293.49+1.21CEG ahead
2025-12-24134.7293.49+1.28CEG ahead
2025-12-23133.7592.65+1.30CEG ahead
2025-12-22132.4491.93+1.30CEG ahead
2025-12-19131.5591.46+1.30CEG ahead
2025-12-18133.6493.54+1.27CEG ahead
2025-12-17126.2193.34+0.98CEG ahead
2025-12-16135.3491.92+1.46CEG ahead
2025-12-15132.2092.24+1.32CEG ahead
2025-12-12130.2990.56+1.35CEG ahead
2025-12-11140.1490.87+1.76CEG ahead
2025-12-10134.0290.18+1.57CEG ahead
2025-12-09132.9491.69+1.44CEG ahead
2025-12-08132.3991.76+1.43CEG ahead
2025-12-05133.1992.54+1.43CEG ahead
2025-12-04136.4593.66+1.51CEG ahead
2025-12-03133.7294.36+1.36CEG ahead
2025-12-02134.6195.50+1.35CEG ahead
2025-12-01132.9095.46+1.29CEG ahead
2025-11-28134.8797.73+1.25CEG ahead
2025-11-26132.9296.78+1.23CEG ahead
2025-11-25130.1495.76+1.18CEG ahead
2025-11-24131.0795.60+1.24CEG ahead
2025-11-21125.1595.74+0.97CEG ahead
2025-11-20127.9994.99+1.16CEG ahead
2025-11-19132.3295.51+1.33CEG ahead
2025-11-18125.6197.27+0.93CEG ahead
2025-11-17125.3697.15+0.93CEG ahead
2025-11-14125.3097.27+0.93CEG ahead
2025-11-13124.2797.78+0.86CEG ahead
2025-11-12131.0498.55+1.13CEG ahead
2025-11-11130.1797.75+1.15CEG ahead
2025-11-10133.6097.34+1.33CEG ahead
2025-11-07132.6698.07+1.26CEG ahead
2025-11-06130.0397.49+1.19CEG ahead
2025-11-05134.4698.04+1.36CEG ahead
2025-11-04134.3099.45+1.28CEG ahead
2025-11-03139.8199.90+1.50CEG ahead
2025-10-31139.55100.86+1.44CEG ahead
2025-10-30141.58101.96+1.48CEG ahead
2025-10-29148.59100.29+1.88CEG ahead
2025-10-28142.49100.72+1.62CEG ahead
2025-10-27144.78102.32+1.64CEG ahead
2025-10-24144.06102.83+1.60CEG ahead
2025-10-23135.40103.12+1.22CEG ahead
2025-10-22129.58104.55+0.88CEG ahead
2025-10-21132.81104.03+1.07CEG ahead
2025-10-20136.96104.77+1.22CEG ahead
2025-10-17143.06104.89+1.49CEG ahead
2025-10-16146.78105.57+1.62CEG ahead
2025-10-15149.52106.95+1.67CEG ahead
2025-10-14144.20106.91+1.46CEG ahead
2025-10-13140.99105.19+1.43CEG ahead
2025-10-10136.40105.42+1.23CEG ahead
2025-10-09141.85103.10+1.62CEG ahead
2025-10-08137.33103.15+1.43CEG ahead
2025-10-07132.57103.41+1.20CEG ahead
2025-10-06134.77102.41+1.37CEG ahead
2025-10-03133.25101.39+1.38CEG ahead
2025-10-02132.31100.70+1.39CEG ahead
2025-10-01129.89101.67+1.22CEG ahead
2025-09-30121.81101.64+0.82CEG ahead
2025-09-29123.73100.72+0.98CEG ahead
2025-09-26122.62101.38+0.89CEG ahead
2025-09-25120.79100.48+0.86CEG ahead
2025-09-24125.53101.25+1.06CEG ahead
2025-09-23124.61100.51+1.07CEG ahead
2025-09-22128.4999.02+1.37CEG ahead
2025-09-19122.4898.46+1.11CEG ahead
2025-09-18119.4598.08+0.98CEG ahead
2025-09-17118.9298.27+0.95CEG ahead
2025-09-16119.5397.98+1.00CEG ahead
2025-09-15122.3198.97+1.09CEG ahead
2025-09-12119.7498.96+0.96CEG ahead
2025-09-11117.7198.81+0.87CEG ahead
2025-09-10118.4598.20+0.95CEG ahead
2025-09-09111.3597.82+0.61CEG ahead
2025-09-08110.6197.42+0.60CEG ahead
2025-09-05111.6398.43+0.60CEG ahead
2025-09-04114.4098.53+0.74CEG ahead
2025-09-03114.1898.31+0.75CEG ahead
2025-09-02113.7198.77+0.71CEG ahead
2025-08-29114.0098.99+0.71CEG ahead
2025-08-28118.2898.93+0.93CEG ahead
2025-08-27116.95100.04+0.81CEG ahead
2025-08-26117.1899.84+0.84CEG ahead
2025-08-25115.0099.88+0.74CEG ahead
2025-08-22114.81101.33+0.66CEG ahead
2025-08-21115.68101.48+0.70CEG ahead
2025-08-20116.31101.81+0.71CEG ahead
2025-08-19117.42101.01+0.82CEG ahead
2025-08-18119.4799.58+1.00CEG ahead
2025-08-15119.27100.89+0.93CEG ahead
2025-08-14120.75101.02+0.99CEG ahead
2025-08-13121.27101.66+0.99CEG ahead
2025-08-12125.32100.77+1.22CEG ahead
2025-08-11122.70101.43+1.08CEG ahead
2025-08-08124.28101.56+1.15CEG ahead
2025-08-07124.52102.26+1.13CEG ahead
2025-08-06125.28101.54+1.21CEG ahead
2025-08-05127.17101.23+1.31CEG ahead
2025-08-04131.36102.96+1.41CEG ahead
2025-08-01126.14101.88+1.25CEG ahead
2025-07-31128.75101.33+1.40CEG ahead
2025-07-30127.80101.78+1.35CEG ahead
2025-07-29122.34102.10+1.11CEG ahead
2025-07-28121.65101.14+1.14CEG ahead
2025-07-25121.17102.26+1.07CEG ahead
2025-07-24119.07101.89+1.00CEG ahead
2025-07-23119.82102.03+1.04CEG ahead
2025-07-22117.63102.80+0.91CEG ahead
2025-07-21117.66101.66+0.97CEG ahead
2025-07-18118.97100.92+1.08CEG ahead
2025-07-17114.04100.10+0.90CEG ahead
2025-07-16114.08100.06+0.91CEG ahead
2025-07-15117.7099.17+1.13CEG ahead
2025-07-14120.6799.40+1.26CEG ahead
2025-07-11119.0299.38+1.20CEG ahead
2025-07-10116.09100.02+1.04CEG ahead
2025-07-09117.3898.63+1.18CEG ahead
2025-07-08115.8097.88+1.16CEG ahead
2025-07-07117.8098.31+1.23CEG ahead
2025-07-03115.4498.14+1.14CEG ahead
2025-07-02113.5097.76+1.08CEG ahead
2025-07-01113.9898.99+1.04CEG ahead
2025-06-30119.4798.49+1.34CEG ahead
2025-06-27118.5197.49+1.36CEG ahead
2025-06-26119.3896.90+1.44CEG ahead
2025-06-25116.6596.95+1.32CEG ahead
2025-06-24118.6997.48+1.40CEG ahead
2025-06-23116.6897.24+1.32CEG ahead
2025-06-20112.8795.77+1.23CEG ahead
2025-06-18113.4395.06+1.31CEG ahead
2025-06-17113.1694.83+1.32CEG ahead
2025-06-16114.0195.39+1.34CEG ahead
2025-06-13109.8996.90+1.05CEG ahead
2025-06-12111.1996.91+1.12CEG ahead
2025-06-11108.1596.04+1.03CEG ahead
2025-06-10107.7295.77+1.03CEG ahead
2025-06-09110.9294.92+1.25CEG ahead
2025-06-06110.6094.66+1.26CEG ahead
2025-06-05107.3094.79+1.09CEG ahead
2025-06-04110.8894.69+1.29CEG ahead
2025-06-03115.8796.09+1.47CEG ahead
2025-06-02116.0296.46+1.47CEG ahead
2025-05-30113.3296.53+1.33CEG ahead
2025-05-29112.2995.18+1.37CEG ahead
2025-05-28114.0394.62+1.50CEG ahead
2025-05-27114.4096.44+1.42CEG ahead
2025-05-23110.1296.14+1.22CEG ahead
2025-05-22107.8995.28+1.16CEG ahead
2025-05-21106.2796.16+1.03CEG ahead
2025-05-20108.2397.42+1.06CEG ahead
2025-05-19108.8395.97+1.19CEG ahead
2025-05-16107.7695.14+1.19CEG ahead
2025-05-15105.2793.72+1.15CEG ahead
2025-05-14106.6691.07+1.41CEG ahead
2025-05-13107.9191.77+1.44CEG ahead
2025-05-12105.6094.14+1.17CEG ahead
2025-05-09100.4596.90+0.70CEG ahead
2025-05-08100.1696.86+0.69CEG ahead
2025-05-0799.2498.79+0.51CEG ahead
2025-05-06101.3597.83+0.71CEG ahead
2025-05-0591.9097.65+0.13near the usual relationship
2025-05-0291.5297.65+0.10near the usual relationship
2025-05-0189.0698.09-0.09near the usual relationship
2025-04-3082.7198.55-0.57SO ahead
2025-04-2983.8298.08-0.46near the usual relationship
2025-04-2883.2297.33-0.46near the usual relationship
2025-04-2582.5496.99-0.48near the usual relationship
2025-04-2480.7297.65-0.66SO ahead
2025-04-2377.6697.74-0.91SO ahead
2025-04-2274.3698.52-1.23SO ahead
2025-04-2171.2996.77-1.38SO ahead
2025-04-1776.5098.47-1.07SO ahead
2025-04-1675.5897.03-1.06SO ahead
2025-04-1577.1597.62-0.97SO ahead
2025-04-1476.5197.77-1.04SO ahead
2025-04-1177.0896.37-0.91SO ahead
2025-04-1075.6995.33-0.96SO ahead
2025-04-0979.7594.17-0.57SO ahead
2025-04-0868.4693.16-1.46SO ahead
2025-04-0766.5593.54-1.67SO ahead
2025-04-0463.2895.39-2.14SO ahead
2025-04-0370.4299.27-1.73SO ahead
2025-04-0279.3897.92-0.89SO ahead
2025-04-0176.6098.48-1.16SO ahead
2025-03-3174.6398.62-1.34SO ahead
2025-03-2876.0397.74-1.17SO ahead
2025-03-2777.4496.56-0.98SO ahead
2025-03-2680.3195.52-0.68SO ahead
2025-03-2583.9894.09-0.30near the usual relationship
2025-03-2484.6295.32-0.33near the usual relationship
2025-03-2182.3595.84-0.54SO ahead
2025-03-2081.2396.49-0.67SO ahead
2025-03-1980.7196.10-0.69SO ahead
2025-03-1878.0596.77-0.95SO ahead
2025-03-1780.8997.10-0.74SO ahead
2025-03-1480.1296.93-0.79SO ahead
2025-03-1377.6896.13-0.94SO ahead
2025-03-1279.7195.11-0.70SO ahead
2025-03-1177.2196.63-1.01SO ahead
2025-03-1074.8599.70-1.43SO ahead
2025-03-0778.6798.03-1.00SO ahead
2025-03-0676.8895.15-0.96SO ahead
2025-03-0584.8895.08-0.31near the usual relationship
2025-03-0485.7596.41-0.34near the usual relationship
2025-03-0385.9897.44-0.39near the usual relationship
2025-02-2892.7496.30+0.18near the usual relationship
2025-02-2792.4494.69+0.28near the usual relationship
2025-02-2699.9995.18+0.76CEG ahead
2025-02-2597.8396.36+0.54CEG ahead
2025-02-2499.1095.33+0.70CEG ahead
2025-02-21105.2994.81+1.12CEG ahead
2025-02-20114.5394.19+1.70CEG ahead
2025-02-19119.0692.75+2.05CEG ahead
2025-02-18120.5292.12+2.19CEG ahead
2025-02-14117.4591.78+2.07CEG ahead
2025-02-13115.3093.07+1.88CEG ahead
2025-02-12116.1593.10+1.94CEG ahead
2025-02-11116.0792.72+1.98CEG ahead
2025-02-10119.1391.71+2.23CEG ahead
2025-02-07114.6790.71+2.08CEG ahead
2025-02-06115.4189.86+2.20CEG ahead
2025-02-05116.1689.95+2.25CEG ahead
2025-02-04113.3989.23+2.16CEG ahead
2025-02-03113.3890.06+2.12CEG ahead
2025-01-31111.0490.04+2.00CEG ahead
2025-01-30114.2191.09+2.11CEG ahead
2025-01-29108.0488.84+1.93CEG ahead
2025-01-28103.2089.60+1.60CEG ahead
2025-01-27101.7992.77+1.31CEG ahead
2025-01-24128.6189.53+2.99CEG ahead
2025-01-23128.1588.22+3.10CEG ahead
2025-01-22123.0688.50+2.86CEG ahead
2025-01-21119.8090.87+2.54CEG ahead
2025-01-17117.1089.98+2.47CEG ahead
2025-01-16116.6989.97+2.46CEG ahead
2025-01-15111.3388.31+2.30CEG ahead
2025-01-14106.9388.00+2.08CEG ahead
2025-01-13103.3687.81+1.89CEG ahead
2025-01-10112.9787.22+2.49CEG ahead
2025-01-0890.2689.04+1.02CEG ahead
2025-01-0794.6286.97+1.44CEG ahead
2025-01-0697.8286.83+1.65CEG ahead
2025-01-0393.4388.29+1.29CEG ahead
2025-01-0289.8088.02+1.08CEG ahead
2024-12-3182.8188.29+0.60CEG ahead
2024-12-3083.7788.35+0.67CEG ahead
2024-12-2783.8589.17+0.63CEG ahead
2024-12-2684.6388.85+0.71CEG ahead
2024-12-2485.0689.19+0.72CEG ahead
2024-12-2384.5089.06+0.70CEG ahead
2024-12-2084.0388.87+0.69CEG ahead
2024-12-1983.3587.71+0.72CEG ahead
2024-12-1883.5787.41+0.76CEG ahead
2024-12-1786.7089.32+0.84CEG ahead
2024-12-1688.5887.82+1.06CEG ahead
2024-12-1388.4989.23+0.97CEG ahead
2024-12-1288.4789.41+0.96CEG ahead
2024-12-1187.5889.29+0.92CEG ahead
2024-12-1086.0090.51+0.76CEG ahead
2024-12-0988.7890.42+0.94CEG ahead
2024-12-0693.8890.96+1.20CEG ahead
2024-12-0594.7992.44+1.17CEG ahead
2024-12-0494.0992.07+1.16CEG ahead
2024-12-0391.6292.51+1.01CEG ahead
2024-12-0292.3894.13+0.97CEG ahead
2024-11-2994.9795.59+1.04CEG ahead
2024-11-2793.7996.25+0.95CEG ahead
2024-11-2698.7395.81+1.24CEG ahead
2024-11-2592.1494.83+0.96CEG ahead
2024-11-2292.5093.95+1.03CEG ahead
2024-11-2193.2294.53+1.05CEG ahead
2024-11-2087.1494.35+0.73CEG ahead
2024-11-1986.8394.69+0.70CEG ahead
2024-11-1885.2494.42+0.63CEG ahead
2024-11-1583.0294.31+0.51CEG ahead
2024-11-1483.4293.07+0.60CEG ahead
2024-11-1383.6493.87+0.58CEG ahead
2024-11-1284.6594.07+0.63CEG ahead
2024-11-1187.8394.73+0.79CEG ahead
2024-11-0888.6095.07+0.82CEG ahead
2024-11-0789.4293.23+0.97CEG ahead
2024-11-0686.9893.76+0.81CEG ahead
2024-11-0586.5295.13+0.72CEG ahead
2024-11-0483.6494.51+0.59CEG ahead
2024-11-0195.5494.96+1.22CEG ahead
2024-10-3197.3397.63+1.19CEG ahead
2024-10-3096.9095.84+1.26CEG ahead
2024-10-2998.0996.33+1.31CEG ahead
2024-10-2898.8298.44+1.25CEG ahead
2024-10-2597.8798.54+1.21CEG ahead
2024-10-2497.90100.40+1.13CEG ahead
2024-10-2398.48100.98+1.14CEG ahead
2024-10-2298.4699.83+1.20CEG ahead
2024-10-21101.3299.45+1.37CEG ahead
2024-10-18100.00100.00+1.29CEG ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jan 10, 2025 (CEG +25.2%, SO -2.0%); Jan 27, 2025 (CEG -20.9%, SO +3.6%). Upcoming earnings: SO Nov 5, 2026 (pre-market).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

CEG and SO at a glance

CEG Constellation Energy Corporation

Listing
Nasdaq · SEC CIK 1868275
Industry
Electric Utilities: Central · SIC 4911 Electric Services
Market value
$93.3B
Price history
1,195 daily closes, Jan 19, 2022 to Oct 22, 2026

SO The Southern Company

Listing
NYSE · SEC CIK 92122
Industry
Electric Utilities: Central · SIC 4911 Electric Services
Market value
$102.7B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
NEE / SOWatchlistSO by 2.05 sdElectric Utilities: Central
NEE / CEGWatchlistNEE by 0.68 sdElectric Utilities: Central

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.