Sibanye Stillwater Correlations
| SBYSF Stock | USD 0.86 0.00 0.00% |
The current 90-days correlation between Sibanye Stillwater and Newcrest Mining is -0.03 (i.e., Good diversification). The correlation of Sibanye Stillwater is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Sibanye Stillwater Correlation With Market
Good diversification
The correlation between Sibanye Stillwater Limited and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sibanye Stillwater Limited and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sibanye Stillwater could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sibanye Stillwater when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sibanye Stillwater - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sibanye Stillwater Limited to buy it.
Moving together with Sibanye Pink Sheet
| 0.72 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.7 | ZIJMY | Zijin Mining Group | PairCorr |
| 0.71 | ZIJMF | Zijin Mining Group | PairCorr |
| 0.88 | GOLD | Barrick Gold Corp Aggressive Push | PairCorr |
| 0.84 | WPM | Wheaton Precious Metals | PairCorr |
| 0.66 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.63 | AA | Alcoa Corp | PairCorr |
| 0.81 | JNJ | Johnson Johnson | PairCorr |
Moving against Sibanye Pink Sheet
| 0.88 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
| 0.8 | LGCY | Legacy Education | PairCorr |
| 0.78 | GOOG | Alphabet Class C Earnings Call This Week | PairCorr |
| 0.78 | AMZN | Amazon Inc Earnings Call This Week | PairCorr |
| 0.76 | V | Visa Class A | PairCorr |
| 0.63 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.4 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.38 | CHKP | Check Point Software Earnings Call This Week | PairCorr |
| 0.83 | GILT | Gilat Satellite Networks | PairCorr |
| 0.8 | AXP | American Express | PairCorr |
| 0.79 | BA | Boeing | PairCorr |
| 0.59 | MMM | 3M Company | PairCorr |
| 0.54 | IBM | International Business Tech Boost | PairCorr |
| 0.46 | GILD | Gilead Sciences Earnings Call This Week | PairCorr |
| 0.46 | BAC | Bank of America | PairCorr |
| 0.31 | BAMXF | Bayerische Motoren Werke | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sibanye Pink Sheet performing well and Sibanye Stillwater 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 Sibanye Stillwater'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VIORF | 4.52 | 0.20 | 0.01 | (0.69) | 5.14 | 16.67 | 36.76 | |||
| PMCCF | 4.97 | 0.64 | 0.04 | 1.05 | 6.01 | 25.53 | 74.93 | |||
| BTUMF | 0.77 | 0.10 | 0.00 | 20.35 | 0.00 | 0.00 | 23.75 | |||
| PLMNF | 4.67 | (1.40) | 0.00 | (0.90) | 0.00 | 8.72 | 41.54 | |||
| OSIIF | 0.70 | 0.07 | 0.01 | 0.26 | 0.83 | 1.60 | 6.84 | |||
| FRERF | 8.35 | 1.02 | 0.05 | 1.89 | 10.14 | 29.29 | 72.02 | |||
| NRRSF | 4.05 | (0.74) | 0.00 | (5.11) | 0.00 | 8.33 | 32.47 | |||
| HUMRF | 7.20 | 0.04 | 0.00 | 0.05 | 0.00 | 25.00 | 69.34 | |||
| TDRRF | 3.44 | (0.71) | 0.00 | (1.36) | 0.00 | 6.56 | 19.84 | |||
| CGOLF | 5.11 | 0.23 | (0.01) | (0.01) | 6.72 | 11.54 | 65.19 |
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Sibanye Stillwater Corporate Management
| James Wellsted | Exec Affairs | Profile | |
| ACMA BCom | CFO Director | Profile | |
| BSc BSc | CEO Director | Profile | |
| Lerato Legong | Chief Officer | Profile | |
| Dawid Mostert | Chief Officer | Profile | |
| Robert Niekerk | Chief Officer | Profile | |
| Mika MSc | Chief Europe | Profile |