Sasol Correlations

SSL Stock

USD 4.33 0.21 5.10%

The current 90-days correlation between Sasol and SM Energy Co is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sasol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sasol moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sasol Correlation With Market

Significant diversification

The correlation between Sasol and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sasol and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sasol. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Sasol Stock please use our How to buy in Sasol Stock guide.

Moving together with Sasol Stock

0.68	ALB-PA	Albemarle	Pair Corr
0.63	ASH	Ashland Global Holdings	Pair Corr
0.69	PRM	Perimeter Solutions	Pair Corr

Moving against Sasol Stock

0.54	ECL	Ecolab Inc Sell-off Trend	Pair Corr
0.41	EMN	Eastman Chemical	Pair Corr
0.38	DD	Dupont De Nemours	Pair Corr
0.59	NEU	NewMarket	Pair Corr
0.54	LIN	Linde plc Ordinary	Pair Corr
0.42	SHW	Sherwin Williams Sell-off Trend	Pair Corr
0.6	BCPC	Balchem	Pair Corr
0.38	ALTM	Arcadium Lithium plc	Pair Corr

Related Correlations Analysis

	E	TS	IMO	PKX	SM
E		0.09	0.68	0.35	-0.29	E
TS	0.09		0.5	-0.48	0.74	TS
IMO	0.68	0.5		0.02	0.13	IMO
PKX	0.35	-0.48	0.02		-0.65	PKX
SM	-0.29	0.74	0.13	-0.65		SM
	E	TS	IMO	PKX	SM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SM	+ 0.74	TS
IMO	+ 0.68	E
IMO	+ 0.5	TS
PKX	+ 0.35	E
SM	+ 0.13	IMO
TS	+ 0.09	E

High negative correlations

SM	- 0.65	PKX
PKX	- 0.48	TS
SM	- 0.29	E

Risk-Adjusted Indicators

There is a big difference between Sasol Stock performing well and Sasol Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sasol's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
E	0.80	0.17	0.25	(2.44)	0.90	(0.82)	1.73	(1.45)	4.52
TS	1.20	0.12	0.09	0.04	1.43	(1.31)	2.71	(2.32)	8.71
IMO	1.38	0.10	0.08	0.24	1.97	(1.44)	2.89	(2.67)	11.00
PKX	1.81	0.28	0.13	0.26	2.05	(1.90)	4.76	(3.58)	11.46
SM	1.99	(0.32)	0.00	(0.52)	0.00	0.00	4.24	(4.43)	13.69

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