Sasol Correlations

SSL Stock

USD 4.76 0.16 3.48%

The current 90-days correlation between Sasol and SM Energy Co is 0.67 (i.e., Poor 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

Poor diversification

The correlation between Sasol and DJI is 0.61 (i.e., Poor 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 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

0.74	ECVT	Ecovyst	Pair Corr
0.66	WDFC	WD 40 Company	Pair Corr
0.82	ECL	Ecolab Inc	Pair Corr
0.64	FSI	Flexible Solutions	Pair Corr
0.88	KOP	Koppers Holdings	Pair Corr
0.81	LIN	Linde plc Ordinary Sell-off Trend	Pair Corr
0.75	PPG	PPG Industries	Pair Corr
0.76	RPM	RPM International	Pair Corr
0.72	SCL	Stepan Company	Pair Corr

Related Correlations Analysis

	E	TS	IMO	PKX	SM
E		0.75	0.88	0.39	0.64	E
TS	0.75		0.48	0.8	0.95	TS
IMO	0.88	0.48		0.16	0.37	IMO
PKX	0.39	0.8	0.16		0.84	PKX
SM	0.64	0.95	0.37	0.84		SM
	E	TS	IMO	PKX	SM

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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	1.38	0.16	0.07	0.21	2.34	(1.38)	2.88	(4.77)	11.79
TS	1.68	(0.02)	(0.01)	(0.01)	2.74	(1.64)	4.11	(4.87)	12.60
IMO	1.72	0.24	0.08	(16.02)	2.57	(1.69)	3.83	(4.03)	14.01
PKX	1.92	(0.02)	0.00	0.06	0.00	0.00	4.76	(3.94)	14.43
SM	3.26	0.02	0.01	0.02	5.28	(3.21)	6.23	(7.98)	34.46

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Sasol Correlations

Sasol Correlation With Market

Poor diversification

Moving together with Sasol Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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