Sasol Correlations

SSL Stock

USD 7.36 0.48 6.98%

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

Modest diversification

The correlation between Sasol and DJI is 0.23 (i.e., Modest 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 against Sasol Stock

0.43	NDEKY	Nitto Denko Corp	Pair Corr
0.36	ADVWW	Advantage Solutions	Pair Corr
0.34	MAPSW	WM Technology	Pair Corr
0.41	NVNIW	Nvni Group Limited	Pair Corr
0.37	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.35	JUPGF	Jupiter Gold	Pair Corr

Related Correlations Analysis

	CBT	SXT	CE	PRM	FUL	BCPC	AVNT	HWKN	WDFC	AXTA
CBT		0.45	0.91	0.49	0.83	0.73	0.9	0.63	0.66	0.87	CBT
SXT	0.45		0.51	0.47	0.51	0.42	0.42	0.47	0.24	0.58	SXT
CE	0.91	0.51		0.41	0.81	0.8	0.91	0.5	0.74	0.84	CE
PRM	0.49	0.47	0.41		0.44	0.05	0.23	0.73	-0.11	0.47	PRM
FUL	0.83	0.51	0.81	0.44		0.55	0.7	0.51	0.5	0.73	FUL
BCPC	0.73	0.42	0.8	0.05	0.55		0.88	0.26	0.87	0.77	BCPC
AVNT	0.9	0.42	0.91	0.23	0.7	0.88		0.48	0.78	0.83	AVNT
HWKN	0.63	0.47	0.5	0.73	0.51	0.26	0.48		0.0	0.69	HWKN
WDFC	0.66	0.24	0.74	-0.11	0.5	0.87	0.78	0.0		0.62	WDFC
AXTA	0.87	0.58	0.84	0.47	0.73	0.77	0.83	0.69	0.62		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

CE	+ 0.91	CBT
AVNT	+ 0.91	CE
AVNT	+ 0.9	CBT
AVNT	+ 0.88	BCPC
AXTA	+ 0.87	CBT
WDFC	+ 0.87	BCPC

High negative correlations

WDFC	- 0.11	PRM
WDFC	- 0.0	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	1.61	0.13	0.07	0.19	1.85	(1.82)	4.36	(3.15)	13.59
SXT	1.26	0.03	0.02	0.12	1.56	(1.34)	2.90	(2.32)	9.53
CE	2.49	0.49	0.22	0.32	2.04	(2.92)	7.61	(4.78)	20.15
PRM	1.50	0.12	0.06	0.19	1.89	(1.47)	3.10	(2.58)	10.14
FUL	1.36	0.14	0.09	0.20	1.37	(1.68)	3.51	(2.11)	8.23
BCPC	1.02	0.20	0.12	(10.96)	0.80	(1.40)	3.26	(1.53)	7.13
AVNT	1.50	0.21	0.13	0.25	1.38	(1.71)	3.71	(2.45)	8.89
HWKN	1.62	(0.03)	(0.01)	0.06	2.58	(1.60)	3.39	(4.03)	14.80
WDFC	1.34	0.34	0.11	(1.58)	1.74	(1.40)	3.03	(1.91)	10.75
AXTA	1.25	0.22	0.13	0.37	1.18	(1.38)	3.27	(2.53)	8.87

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