Sasol Correlations

SSL Stock

USD 8.56 0.12 1.38%

The current 90-days correlation between Sasol and Cabot is 0.2 (i.e., Modest 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

Very weak diversification

The correlation between Sasol and DJI is 0.55 (i.e., Very weak 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.

Build AI portfolio with Sasol Stock

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 main economic indicators.

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

Moving together with Sasol Stock

0.79	CC	Chemours	Pair Corr
0.9	DD	Dupont De Nemours	Pair Corr
0.8	EMN	Eastman Chemical	Pair Corr
0.72	HUN	Huntsman	Pair Corr
0.8	LXU	Lsb Industries	Pair Corr
0.68	AKE	Arkema SA	Pair Corr
0.73	ATCOL	Atlas Corp	Pair Corr
0.67	AMKBY	AP Moeller Maersk	Pair Corr
0.77	RBGPF	Reckitt Benckiser Earnings Call Tomorrow	Pair Corr
0.84	VKQ	Invesco Municipal Trust	Pair Corr
0.87	TDY	Teledyne Technologies	Pair Corr
0.82	PALAF	Paladin Energy Downward Rally	Pair Corr
0.85	LNN	Lindsay	Pair Corr
0.88	EDVMF	Endeavour Mining Corp Earnings Call Tomorrow	Pair Corr
0.91	TRP	TC Energy Corp	Pair Corr
0.66	ADEA	ADEIA P	Pair Corr
0.68	NAMM	Namib Minerals Ordinary	Pair Corr
0.62	ACGL	Arch Capital Group	Pair Corr
0.85	SBKO	Summit Bank Group	Pair Corr
0.8	ALFVF	Alfa Laval AB	Pair Corr
0.82	WSO	Watsco Inc	Pair Corr

Moving against Sasol Stock

0.8	ADVWW	Advantage Solutions	Pair Corr
0.78	GCMGW	GCM Grosvenor	Pair Corr
0.62	PCTTW	PureCycle Technologies	Pair Corr
0.62	MAPSW	WM Technology	Pair Corr
0.4	VLCN	Volcon Inc Symbol Change	Pair Corr
0.34	GOEVW	Canoo Holdings	Pair Corr
0.82	BKNG	Booking Holdings	Pair Corr
0.52	LFLYW	Leafly Holdings	Pair Corr
0.52	GIPRW	Generation Income	Pair Corr

Related Correlations Analysis

	CBT	SXT	CE	PRM	FUL	BCPC	AVNT	HWKN	WDFC	AXTA
CBT		0.2	0.84	-0.52	0.85	0.89	0.91	0.3	0.83	0.79	CBT
SXT	0.2		0.26	-0.27	0.25	0.32	0.19	0.22	0.16	0.16	SXT
CE	0.84	0.26		-0.5	0.82	0.86	0.93	0.2	0.85	0.74	CE
PRM	-0.52	-0.27	-0.5		-0.46	-0.73	-0.62	0.13	-0.74	-0.35	PRM
FUL	0.85	0.25	0.82	-0.46		0.77	0.81	0.22	0.73	0.67	FUL
BCPC	0.89	0.32	0.86	-0.73	0.77		0.95	0.15	0.94	0.75	BCPC
AVNT	0.91	0.19	0.93	-0.62	0.81	0.95		0.22	0.91	0.78	AVNT
HWKN	0.3	0.22	0.2	0.13	0.22	0.15	0.22		-0.07	0.4	HWKN
WDFC	0.83	0.16	0.85	-0.74	0.73	0.94	0.91	-0.07		0.69	WDFC
AXTA	0.79	0.16	0.74	-0.35	0.67	0.75	0.78	0.4	0.69		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

AVNT	+ 0.95	BCPC
WDFC	+ 0.94	BCPC
AVNT	+ 0.93	CE
AVNT	+ 0.91	CBT
WDFC	+ 0.91	AVNT
BCPC	+ 0.89	CBT

High negative correlations

WDFC	- 0.74	PRM
BCPC	- 0.73	PRM
AVNT	- 0.62	PRM
PRM	- 0.52	CBT
PRM	- 0.5	CE
FUL	- 0.46	PRM

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	1.31	0.22	0.14	0.29	1.29	(1.48)	3.69	(2.28)	13.57
SXT	1.39	0.07	0.02	0.28	1.75	(1.53)	2.93	(2.57)	8.59
CE	2.29	0.43	0.14	(1.11)	2.26	(2.48)	5.98	(4.78)	15.70
PRM	1.53	(0.19)	0.00	(0.19)	0.00	0.00	2.70	(2.84)	14.27
FUL	1.29	0.12	0.08	0.15	1.39	(1.53)	3.51	(2.39)	8.23
BCPC	1.12	0.21	0.19	0.37	0.88	(1.51)	3.26	(1.86)	7.13
AVNT	1.29	0.41	0.31	0.47	0.91	(1.49)	3.26	(2.03)	7.19
HWKN	1.63	0.21	0.08	0.27	2.49	(1.70)	3.39	(4.03)	12.97
WDFC	1.34	0.37	0.15	(0.79)	1.77	(1.44)	3.03	(1.67)	10.75
AXTA	1.16	0.07	0.04	0.11	1.45	(1.19)	2.40	(2.67)	8.87

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