Sasol Correlations

Stocks . USA . 
Stock . Sasol
SSL Stock  USD 5.98  0.26  4.55%   
The current 90-days correlation between Sasol and SM Energy Co is 0.47 (i.e., Very 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

Modest diversification

The correlation between Sasol and DJI is 0.24 (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.
  
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

  0.73CMT Core Molding TechnologiesPairCorr
  0.81FUL H B Fuller Fiscal Year End 15th of January 2025 PairCorr
  0.75KOP Koppers HoldingsPairCorr
  0.87LYB LyondellBasell IndustriesPairCorr
  0.76OEC Orion Engineered CarbonsPairCorr

Moving against Sasol Stock

  0.7APD Air ProductsPairCorr
  0.53WDFC WD 40 CompanyPairCorr
  0.44CBT CabotPairCorr
  0.41ALB-PA AlbemarlePairCorr
  0.41ALB Albemarle CorpPairCorr
  0.37ECL Ecolab Inc Sell-off TrendPairCorr
  0.66RPM RPM InternationalPairCorr
  0.62PRM Perimeter SolutionsPairCorr
  0.5FSI Flexible SolutionsPairCorr
  0.37ESI Element SolutionsPairCorr
  0.36EMN Eastman ChemicalPairCorr
  0.34ODC Oil DriPairCorr
  0.74GEVO Gevo Inc Buyout TrendPairCorr
  0.53LWLG Lightwave LogicPairCorr
  0.32SXT Sensient TechnologiesPairCorr
  0.31SQM Sociedad Quimica yPairCorr

Related Correlations Analysis

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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   
SM
+ 0.83
IMO
SM
+ 0.8
E
IMO
+ 0.52
E
IMO
+ 0.45
TS
PKX
+ 0.28
TS
PKX
+ 0.24
E
  
High negative correlations   
TS
- 0.12
E
SM
- 0.11
PKX
PKX
- 0.11
IMO

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.

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