Sibanye Stillwater Correlations

SSW Stock

1,788 5.00 0.28%

The current 90-days correlation between Sibanye Stillwater and Kumba Iron Ore is 0.41 (i.e., Very weak diversification). The correlation of Sibanye Stillwater is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Sibanye Stillwater Correlation With Market

Good diversification

The correlation between Sibanye Stillwater and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sibanye Stillwater and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sibanye Stillwater could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sibanye Stillwater when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sibanye Stillwater - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sibanye Stillwater to buy it.

Moving together with Sibanye Stock

0.69	GFI	Gold Fields	Pair Corr
0.61	HAR	Harmony Gold Mining Earnings Call This Week	Pair Corr
0.79	DRD	DRDGOLD Limited	Pair Corr
0.67	PAN	Pan African Resources	Pair Corr
0.62	HMN	Hammerson PLC Split	Pair Corr
0.64	S32	South32	Pair Corr

Moving against Sibanye Stock

0.72	OAO	Oando PLC	Pair Corr
0.55	FSR	Firstrand	Pair Corr

Related Correlations Analysis

	KIO	BRT	HCI	HIL	ABSP	SBPP	ASC	AEL
KIO		0.14	-0.43	0.4	-0.13	-0.04	-0.14	-0.17	KIO
BRT	0.14		-0.26	0.43	-0.41	-0.26	-0.26	-0.42	BRT
HCI	-0.43	-0.26		0.06	0.47	0.52	-0.16	0.55	HCI
HIL	0.4	0.43	0.06		0.05	0.37	-0.35	0.06	HIL
ABSP	-0.13	-0.41	0.47	0.05		0.86	0.15	0.88	ABSP
SBPP	-0.04	-0.26	0.52	0.37	0.86		0.02	0.83	SBPP
ASC	-0.14	-0.26	-0.16	-0.35	0.15	0.02		0.16	ASC
AEL	-0.17	-0.42	0.55	0.06	0.88	0.83	0.16		AEL
	KIO	BRT	HCI	HIL	ABSP	SBPP	ASC	AEL

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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

AEL	+ 0.88	ABSP
SBPP	+ 0.86	ABSP
AEL	+ 0.83	SBPP
AEL	+ 0.55	HCI
SBPP	+ 0.52	HCI
ABSP	+ 0.47	HCI

High negative correlations

HCI	- 0.43	KIO
AEL	- 0.42	BRT
ABSP	- 0.41	BRT
ASC	- 0.35	HIL
ASC	- 0.26	BRT
SBPP	- 0.26	BRT

Risk-Adjusted Indicators

There is a big difference between Sibanye Stock performing well and Sibanye Stillwater 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 Sibanye Stillwater'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
KIO	1.92	(0.18)	0.00	(0.26)	0.00	0.00	3.42	(4.18)	15.22
BRT	1.79	0.16	0.00	(0.19)	3.10	(6.01)	3.70	(6.72)	29.28
HCI	1.13	(0.12)	0.00	2.99	0.00	0.00	2.16	(2.59)	8.46
HIL	1.45	(0.07)	0.00	(0.38)	0.00	0.00	5.60	(5.33)	24.87
ABSP	0.73	0.10	(0.03)	(1.17)	0.94	(0.81)	1.66	(1.63)	6.71
SBPP	0.78	0.16	0.00	(0.43)	0.98	(0.89)	1.78	(1.33)	8.37
ASC	1.66	0.07	(0.01)	0.63	2.00	(2.97)	5.71	(4.11)	11.38
AEL	1.61	0.23	0.05	1.60	1.95	(1.60)	3.20	(2.64)	11.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sibanye Stillwater without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Sibanye Stillwater Corporate Management

Elected by the shareholders, the Sibanye Stillwater's board of directors comprises two types of representatives: Sibanye Stillwater inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sibanye. The board's role is to monitor Sibanye Stillwater's management team and ensure that shareholders' interests are well served. Sibanye Stillwater's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sibanye Stillwater's outside directors are responsible for providing unbiased perspectives on the board's policies.

James Wellsted	Exec Affairs	Profile
Lerato Legong	Chief Officer	Profile
Dawid Mostert	Chief Officer	Profile
Robert Niekerk	Chief Officer	Profile
Mika MSc	Chief Europe	Profile

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