Sasol Correlations

SSL Stock

USD 6.42 0.01 0.16%

The current 90-days correlation between Sasol and Cabot is 0.15 (i.e., Average 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

Average diversification

The correlation between Sasol and DJI is 0.12 (i.e., Average 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.

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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 real.

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

Moving together with Sasol Stock

0.63

PNGM

Er Therapeutics

Pair Corr

Moving against Sasol Stock

0.55	PCTTW	PureCycle Technologies	Pair Corr
0.5	GCMGW	GCM Grosvenor	Pair Corr
0.41	CC	Chemours	Pair Corr
0.35	AJX	Alexium International	Pair Corr
0.33	MAPSW	WM Technology	Pair Corr
0.32	AAGH	America Great Health	Pair Corr
0.43	VHAI	VHAI	Pair Corr
0.34	URBN	Urban Outfitters	Pair Corr

Related Correlations Analysis

	CBT	SXT	CE	PRM	FUL	BCPC	AVNT	HWKN	WDFC	AXTA
CBT		0.02	0.64	-0.58	0.45	-0.43	0.85	0.92	-0.04	-0.18	CBT
SXT	0.02		0.26	0.21	0.45	0.46	0.13	-0.06	0.52	0.5	SXT
CE	0.64	0.26		-0.04	0.75	-0.09	0.62	0.56	0.22	0.32	CE
PRM	-0.58	0.21	-0.04		0.09	0.53	-0.49	-0.73	0.3	0.68	PRM
FUL	0.45	0.45	0.75	0.09		0.29	0.58	0.35	0.54	0.58	FUL
BCPC	-0.43	0.46	-0.09	0.53	0.29		-0.21	-0.6	0.76	0.76	BCPC
AVNT	0.85	0.13	0.62	-0.49	0.58	-0.21		0.77	0.09	-0.02	AVNT
HWKN	0.92	-0.06	0.56	-0.73	0.35	-0.6	0.77		-0.2	-0.35	HWKN
WDFC	-0.04	0.52	0.22	0.3	0.54	0.76	0.09	-0.2		0.72	WDFC
AXTA	-0.18	0.5	0.32	0.68	0.58	0.76	-0.02	-0.35	0.72		AXTA
	CBT	SXT	CE	PRM	FUL	BCPC	AVNT	HWKN	WDFC	AXTA

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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

HWKN	+ 0.92	CBT
AVNT	+ 0.85	CBT
HWKN	+ 0.77	AVNT
WDFC	+ 0.76	BCPC
AXTA	+ 0.76	BCPC
FUL	+ 0.75	CE

High negative correlations

HWKN	- 0.73	PRM
HWKN	- 0.6	BCPC
PRM	- 0.58	CBT
AVNT	- 0.49	PRM
BCPC	- 0.43	CBT
AXTA	- 0.35	HWKN

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
CBT	1.30	(0.27)	0.00	(0.16)	0.00	0.00	3.63	(2.77)	9.36
SXT	1.40	(0.10)	0.00	(0.04)	0.00	0.00	2.93	(2.57)	9.55
CE	2.50	(0.08)	0.00	0.03	3.15	(2.50)	6.75	(5.51)	19.88
PRM	2.11	0.34	0.12	0.44	2.40	(2.23)	4.23	(3.40)	30.19
FUL	1.12	(0.04)	(0.02)	0.04	1.38	(1.25)	3.01	(2.28)	6.81
BCPC	0.98	0.03	(0.02)	0.13	0.94	(1.22)	2.35	(1.53)	6.14
AVNT	1.36	(0.18)	0.00	(0.05)	0.00	0.00	2.87	(3.47)	8.87
HWKN	1.82	(0.30)	0.00	(0.12)	0.00	0.00	3.28	(4.45)	12.35
WDFC	1.18	0.00	(0.03)	0.07	1.59	(1.22)	2.77	(1.95)	8.81
AXTA	1.33	0.13	0.07	0.20	1.52	(1.29)	2.69	(2.76)	7.97

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