Sasol Correlations

SSL Stock

USD 5.48 0.39 6.64%

The current 90-days correlation between Sasol and SM Energy Co is 0.39 (i.e., Weak 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 0.19 (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.

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

0.83	CC	Chemours	Pair Corr
0.63	DD	Dupont De Nemours	Pair Corr
0.68	ATCOL	Atlas Corp	Pair Corr
0.67	TLK	Telkom Indonesia Tbk	Pair Corr
0.8	EC	Ecopetrol SA ADR	Pair Corr
0.68	PTAIY	Astra International Tbk	Pair Corr
0.82	FNMA	Federal National Mortgage	Pair Corr
0.62	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.74	AMCX	AMC Networks	Pair Corr
0.84	SGLA	Sino Green Land	Pair Corr
0.66	SOFI	SoFi Technologies	Pair Corr

Moving against Sasol Stock

0.47	BASF	BASF India Limited	Pair Corr
0.33	600281	Shanxi Huayang New	Pair Corr
0.32	ADVWW	Advantage Solutions	Pair Corr
0.49	PIFMY	Indofood Sukses Makmur	Pair Corr
0.42	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	E	TS	IMO	PKX	SM
E		-0.25	0.68	-0.6	-0.05	E
TS	-0.25		-0.27	0.7	0.49	TS
IMO	0.68	-0.27		-0.67	0.07	IMO
PKX	-0.6	0.7	-0.67		0.43	PKX
SM	-0.05	0.49	0.07	0.43		SM
	E	TS	IMO	PKX	SM

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

PKX	+ 0.7	TS
IMO	+ 0.68	E
SM	+ 0.49	TS
SM	+ 0.43	PKX
SM	+ 0.07	IMO

High negative correlations

PKX	- 0.67	IMO
PKX	- 0.6	E
IMO	- 0.27	TS
TS	- 0.25	E
SM	- 0.05	E

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	0.83	0.07	0.05	0.16	0.98	(0.85)	1.55	(1.62)	5.52
TS	1.20	(0.18)	0.00	(0.07)	0.00	0.00	2.52	(2.68)	8.81
IMO	0.98	0.03	0.01	0.09	1.08	(1.02)	2.31	(1.72)	5.76
PKX	1.63	(0.16)	0.00	(0.04)	0.00	0.00	3.08	(2.59)	12.83
SM	2.25	(0.37)	0.00	(0.16)	0.00	0.00	4.72	(4.58)	14.34

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