Delek Energy Correlations

DK Stock

USD 18.39 0.35 1.94%

The current 90-days correlation between Delek Energy and Crossamerica Partners LP is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Delek Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delek Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Delek Energy Correlation With Market

Weak diversification

The correlation between Delek Energy and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delek Energy 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 Delek Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Delek Stock please use our How to buy in Delek Stock guide.

Moving together with Delek Stock

0.87	DINO	HF Sinclair Corp	Pair Corr
0.69	BPT	BP Prudhoe Bay	Pair Corr
0.92	MPC	Marathon Petroleum Corp Sell-off Trend	Pair Corr
0.7	PBF	PBF Energy	Pair Corr
0.67	PSX	Phillips 66	Pair Corr
0.61	UGP	Ultrapar Participacoes	Pair Corr
0.72	VLO	Valero Energy Fiscal Year End 23rd of January 2025	Pair Corr
0.81	PARR	Par Pacific Holdings	Pair Corr
0.7	CSAN	Cosan SA ADR Downward Rally	Pair Corr
0.69	BP	BP PLC ADR Sell-off Trend	Pair Corr
0.76	EC	Ecopetrol SA ADR	Pair Corr
0.86	NE	Noble plc	Pair Corr
0.67	NR	Newpark Resources	Pair Corr
0.83	SD	SandRidge Energy	Pair Corr

Moving against Delek Stock

0.68	REPYY	Repsol SA	Pair Corr
0.52	BDCO	Blue Dolphin Energy	Pair Corr
0.46	EE	Excelerate Energy	Pair Corr
0.45	CAPL	Crossamerica Partners	Pair Corr
0.44	MITSY	Mitsui Company	Pair Corr
0.64	DWSN	Dawson Geophysical	Pair Corr
0.59	VNOM	Viper Energy Ut	Pair Corr
0.55	IMPPP	Imperial Petroleum	Pair Corr
0.53	DMLP	Dorchester Minerals	Pair Corr
0.52	EPSN	Epsilon Energy	Pair Corr
0.48	ENLC	EnLink Midstream LLC	Pair Corr
0.42	TS	Tenaris SA ADR Sell-off Trend	Pair Corr
0.35	EFXT	Enerflex	Pair Corr
0.32	HP	Helmerich and Payne	Pair Corr

Related Correlations Analysis

	CAPL	SUN	CVI	PSX	PBF	DINO	DKL	VLO	MPC	CSAN
CAPL		-0.17	-0.04	-0.1	-0.2	-0.35	-0.03	-0.31	-0.46	-0.34	CAPL
SUN	-0.17		0.24	0.51	0.42	0.5	0.34	0.62	0.57	0.37	SUN
CVI	-0.04	0.24		0.75	0.85	0.85	0.29	0.42	0.73	0.65	CVI
PSX	-0.1	0.51	0.75		0.79	0.75	0.23	0.84	0.81	0.45	PSX
PBF	-0.2	0.42	0.85	0.79		0.86	0.16	0.7	0.81	0.54	PBF
DINO	-0.35	0.5	0.85	0.75	0.86		0.4	0.64	0.94	0.8	DINO
DKL	-0.03	0.34	0.29	0.23	0.16	0.4		0.06	0.43	0.45	DKL
VLO	-0.31	0.62	0.42	0.84	0.7	0.64	0.06		0.77	0.33	VLO
MPC	-0.46	0.57	0.73	0.81	0.81	0.94	0.43	0.77		0.77	MPC
CSAN	-0.34	0.37	0.65	0.45	0.54	0.8	0.45	0.33	0.77		CSAN
	CAPL	SUN	CVI	PSX	PBF	DINO	DKL	VLO	MPC	CSAN

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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

MPC	+ 0.94	DINO
DINO	+ 0.86	PBF
PBF	+ 0.85	CVI
DINO	+ 0.85	CVI
VLO	+ 0.84	PSX
MPC	+ 0.81	PSX

High negative correlations

MPC	- 0.46	CAPL
DINO	- 0.35	CAPL
CSAN	- 0.34	CAPL
VLO	- 0.31	CAPL
PBF	- 0.2	CAPL
SUN	- 0.17	CAPL

Risk-Adjusted Indicators

There is a big difference between Delek Stock performing well and Delek Energy 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 Delek Energy'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
CAPL	1.12	0.01	(0.03)	0.11	1.21	(1.29)	3.11	(2.23)	6.78
SUN	1.05	0.00	(0.03)	0.08	1.08	(1.25)	2.68	(1.93)	5.70
CVI	2.61	(0.47)	0.00	(0.17)	0.00	0.00	3.99	(5.81)	28.93
PSX	1.14	(0.08)	(0.05)	0.01	1.69	(1.16)	1.81	(2.97)	7.77
PBF	1.93	(0.19)	0.00	(0.06)	0.00	0.00	3.52	(3.76)	15.94
DINO	1.57	(0.25)	0.00	(0.10)	0.00	0.00	3.44	(4.35)	11.77
DKL	1.06	0.13	0.00	(0.24)	2.29	(1.02)	2.84	(1.44)	16.59
VLO	1.47	(0.06)	(0.03)	0.02	2.05	(1.42)	2.87	(3.31)	11.46
MPC	1.37	(0.15)	0.00	(0.11)	0.00	0.00	3.19	(3.01)	13.39
CSAN	1.83	(0.47)	0.00	(0.65)	0.00	0.00	3.68	(3.74)	9.84

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