Sasol Correlations

SSL Stock

USD 4.99 0.04 0.81%

The current 90-days correlation between Sasol and SM Energy Co is 0.18 (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

Good diversification

The correlation between Sasol and DJI is -0.09 (i.e., Good 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

0.69	DD	Dupont De Nemours	Pair Corr
0.85	ECVT	Ecovyst	Pair Corr
0.66	WTTR	Select Energy Services	Pair Corr
0.63	ALB-PA	Albemarle	Pair Corr
0.73	APD	Air Products	Pair Corr
0.87	CMT	Core Molding Technologies	Pair Corr
0.84	ECL	Ecolab Inc Sell-off Trend	Pair Corr
0.69	ESI	Element Solutions	Pair Corr
0.76	FSI	Flexible Solutions	Pair Corr
0.88	KOP	Koppers Holdings	Pair Corr
0.8	KWR	Quaker Chemical	Pair Corr
0.8	LIN	Linde plc Ordinary	Pair Corr
0.65	LYB	LyondellBasell Industries	Pair Corr
0.73	NEU	NewMarket	Pair Corr
0.89	ODC	Oil Dri	Pair Corr
0.64	PPG	PPG Industries	Pair Corr
0.82	PRM	Perimeter Solutions Sell-off Trend	Pair Corr
0.72	SCL	Stepan Company	Pair Corr
0.69	SXT	Sensient Technologies Earnings Call This Week	Pair Corr
0.7	GEVO	Gevo Inc	Pair Corr
0.7	HDSN	Hudson Technologies	Pair Corr

Moving against Sasol Stock

0.81	KRO	Kronos Worldwide	Pair Corr
0.7	FEAM	5E Advanced Materials	Pair Corr
0.54	OEC	Orion Engineered Carbons	Pair Corr
0.86	CRKN	Crown Electrokinetics	Pair Corr
0.74	AXTA	Axalta Coating Systems	Pair Corr
0.66	CNEY	CN Energy Group	Pair Corr
0.53	WLK	Westlake Chemical	Pair Corr
0.51	IOSP	Innospec	Pair Corr
0.49	SDST	Stardust Power	Pair Corr
0.36	SDSTW	Stardust Power	Pair Corr
0.31	TSE	Trinseo SA	Pair Corr

Related Correlations Analysis

	E	TS	IMO	PKX	SM
E		0.95	0.99	0.77	0.9	E
TS	0.95		0.92	0.85	0.84	TS
IMO	0.99	0.92		0.74	0.89	IMO
PKX	0.77	0.85	0.74		0.66	PKX
SM	0.9	0.84	0.89	0.66		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	0.96	0.34	0.26	2.50	0.54	(1.21)	2.70	(1.34)	4.83
TS	1.21	0.23	0.11	1.16	0.94	(1.46)	2.43	(1.99)	8.08
IMO	1.16	0.40	0.22	2.85	0.92	(1.35)	2.46	(2.01)	7.73
PKX	1.59	0.25	0.12	0.50	1.48	(1.83)	4.80	(3.04)	10.38
SM	2.50	0.42	0.08	(1.28)	2.74	(2.80)	5.52	(4.42)	14.86

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