HF Sinclair Correlations

DINO Stock

USD 36.28 0.20 0.55%

The current 90-days correlation between HF Sinclair Corp and Delek Energy is 0.74 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HF Sinclair moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HF Sinclair Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

HF Sinclair Correlation With Market

Significant diversification

The correlation between HF Sinclair Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HF Sinclair Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in HF Sinclair Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with DINO Stock

0.87	BPT	BP Prudhoe Bay	Pair Corr
0.83	IEP	Icahn Enterprises	Pair Corr
0.82	MPC	Marathon Petroleum Corp	Pair Corr
0.82	PBF	PBF Energy	Pair Corr
0.89	PSX	Phillips 66	Pair Corr
0.81	UGP	Ultrapar Participacoes	Pair Corr
0.66	VLO	Valero Energy	Pair Corr
0.84	VVV	Valvoline Earnings Call This Week	Pair Corr
0.7	AMTX	Aemetis	Pair Corr
0.86	CSAN	Cosan SA ADR Buyout Trend	Pair Corr
0.73	E	Eni SpA ADR	Pair Corr
0.73	SM	SM Energy	Pair Corr
0.65	SU	Suncor Energy	Pair Corr

Moving against DINO Stock

0.78	CAPL	Crossamerica Partners	Pair Corr
0.67	BDCO	Blue Dolphin Energy	Pair Corr
0.63	DKL	Delek Logistics Partners	Pair Corr
0.54	PTLE	PTL LTD Ordinary	Pair Corr
0.51	AR	Antero Resources Corp	Pair Corr
0.45	AE	Adams Resources Energy	Pair Corr
0.7	DLNG	Dynagas LNG Partners	Pair Corr
0.65	EFXT	Enerflex	Pair Corr
0.64	EP	Empire Petroleum Corp	Pair Corr
0.57	ET	Energy Transfer LP	Pair Corr
0.57	VIST	Vista Oil Gas	Pair Corr
0.49	EPSN	Epsilon Energy	Pair Corr
0.47	EE	Excelerate Energy	Pair Corr
0.43	TS	Tenaris SA ADR	Pair Corr

Related Correlations Analysis

	DK	CVI	VLO	MPC	DKL	PBF	PARR	PSX	SUN
DK		0.34	0.57	0.51	0.56	0.47	0.83	0.34	0.61	DK
CVI	0.34		0.31	0.32	0.28	0.46	0.56	0.21	0.24	CVI
VLO	0.57	0.31		0.95	0.09	0.9	0.71	0.79	0.67	VLO
MPC	0.51	0.32	0.95		-0.12	0.94	0.64	0.9	0.55	MPC
DKL	0.56	0.28	0.09	-0.12		-0.15	0.51	-0.4	0.45	DKL
PBF	0.47	0.46	0.9	0.94	-0.15		0.6	0.9	0.56	PBF
PARR	0.83	0.56	0.71	0.64	0.51	0.6		0.4	0.54	PARR
PSX	0.34	0.21	0.79	0.9	-0.4	0.9	0.4		0.5	PSX
SUN	0.61	0.24	0.67	0.55	0.45	0.56	0.54	0.5		SUN
	DK	CVI	VLO	MPC	DKL	PBF	PARR	PSX	SUN

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

MPC	+ 0.95	VLO
PBF	+ 0.94	MPC
PBF	+ 0.9	VLO
PSX	+ 0.9	MPC
PSX	+ 0.9	PBF
PARR	+ 0.83	DK

High negative correlations

PSX	- 0.4	DKL
PBF	- 0.15	DKL
DKL	- 0.12	MPC

Risk-Adjusted Indicators

There is a big difference between DINO Stock performing well and HF Sinclair 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 HF Sinclair'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
DK	2.04	0.25	0.05	(0.67)	2.55	(2.09)	4.28	(4.20)	13.99
CVI	2.40	(0.24)	0.00	(0.58)	0.00	0.00	4.26	(4.73)	24.48
VLO	1.32	0.07	0.01	0.30	1.57	(1.34)	2.87	(2.71)	8.22
MPC	1.27	(0.05)	(0.05)	(0.02)	1.73	(1.35)	3.15	(3.27)	8.87
DKL	0.77	0.19	0.15	1.26	0.58	(0.88)	1.74	(1.24)	4.78
PBF	1.90	(0.08)	0.00	(0.11)	0.00	0.00	3.84	(4.74)	11.78
PARR	2.07	0.16	0.01	(0.22)	3.19	(1.84)	3.73	(4.49)	15.96
PSX	1.14	(0.10)	0.00	(0.15)	0.00	0.00	1.80	(3.43)	10.22
SUN	0.96	0.11	0.06	0.24	1.24	(0.91)	2.47	(2.07)	7.24

HF Sinclair Corporate Management

John Harrison	VP Treasurer	Profile
Leldon Echols	Independent Director	Profile
Vaishali Bhatia	Senior Vice President General Counsel, Secretary	Profile
Eric Nitcher	Executive Counsel	Profile
Thomas Creery	President of Renewables	Profile
Valeria Pompa	Executive Operations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC