Sibanye Stillwater Correlations
| SBYSF Stock | USD 1.20 0.12 9.09% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sibanye Stillwater moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sibanye Stillwater Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Sibanye Stillwater Limited and NYA is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sibanye Stillwater Limited and NYA in the same portfolio, assuming nothing else is changed.
Sibanye |
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 Limited to buy it.
Moving together with Sibanye Pink Sheet
| 0.74 | NEM | Newmont Goldcorp Corp Aggressive Push | PairCorr |
| 0.68 | ZIJMY | Zijin Mining Group | PairCorr |
| 0.72 | GOLD | Barrick Gold Corp Earnings Call This Week | PairCorr |
| 0.82 | WPM | Wheaton Precious Metals Financial Report 2nd of May 2024 | PairCorr |
| 0.75 | GFI | Gold Fields | PairCorr |
| 0.62 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
Moving against Sibanye Pink Sheet
| 0.72 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.71 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.68 | TLK | Telkom Indonesia Tbk Earnings Call This Week | PairCorr |
| 0.72 | MCD | McDonalds Financial Report 25th of July 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Sibanye Pink Sheet 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.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.Did you try this?
Run Analyst Advice Now
Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
| All Next | Launch Module |
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 | |
| ACMA BCom | CFO Director | Profile | |
| BSc BSc | CEO Director | Profile | |
| Lerato Legong | Chief Officer | Profile | |
| Dawid Mostert | Chief Officer | Profile | |
| Robert Niekerk | Chief Officer | Profile | |
| Mika MSc | Chief Europe | Profile |
Already Invested in Sibanye Stillwater Limited?
The danger of trading Sibanye Stillwater Limited is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sibanye Stillwater is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sibanye Stillwater. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sibanye Stillwater is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sibanye Stillwater Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Sibanye Pink Sheet analysis
When running Sibanye Stillwater's price analysis, check to measure Sibanye Stillwater's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sibanye Stillwater is operating at the current time. Most of Sibanye Stillwater's value examination focuses on studying past and present price action to predict the probability of Sibanye Stillwater's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sibanye Stillwater's price. Additionally, you may evaluate how the addition of Sibanye Stillwater to your portfolios can decrease your overall portfolio volatility.
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |