Delek Drilling Correlations

OTC Stocks . USA . 
Stock . Delek Drilling
DKDRF Stock  USD 3.60  0.01  0.28%   
The current 90-days correlation between Delek Drilling and Pioneer Natural Resources is -0.22 (i.e., Very good diversification). The correlation of Delek Drilling 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.

Delek Drilling Correlation With Market

Significant diversification

The correlation between Delek Drilling and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delek Drilling and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Delek Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delek Drilling 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 Delek Drilling - 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 Delek Drilling to buy it.

Moving together with Delek OTC Stock

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  0.76MNPR Monopar TherapeuticsPairCorr

Moving against Delek OTC Stock

  0.83PBCRY Bank Central AsiaPairCorr
  0.72BKRKY Bank Rakyat Earnings Call This WeekPairCorr
  0.71CNQ Canadian Natural ResPairCorr
  0.69PPERY Bank Mandiri PerseroPairCorr
  0.68PBCRF PT Bank CentralPairCorr
  0.68SHG Shinhan Financial Earnings Call This WeekPairCorr
  0.66PPERF Bank Mandiri PerseroPairCorr
  0.64BKRKF PT Bank Rakyat Earnings Call This WeekPairCorr
  0.63PTBRY Bank Negara Indonesia Downward RallyPairCorr
  0.63WF Woori Financial Group Earnings Call This WeekPairCorr
  0.54KB KB Financial Group Earnings Call This WeekPairCorr
  0.4COP ConocoPhillips Earnings Call This WeekPairCorr
  0.37ORCL OraclePairCorr

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   
FANG
+ 0.96
DVN
EOG
+ 0.9
PR
COP
+ 0.87
DVN
COP
+ 0.85
FANG
CTRA
+ 0.81
PR
CTRA
+ 0.77
EOG
  
High negative correlations   
PR
- 0.18
PXD
EOG
- 0.03
PXD
CTRA
- 0.02
PXD

Risk-Adjusted Indicators

There is a big difference between Delek OTC Stock performing well and Delek Drilling OTC Stock 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 Drilling'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 Delek Drilling 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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Delek Drilling Corporate Management

Elected by the shareholders, the Delek Drilling's board of directors comprises two types of representatives: Delek Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Delek. The board's role is to monitor Delek Drilling's management team and ensure that shareholders' interests are well served. Delek Drilling'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, Delek Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
Varda YasharPrincipal MangProfile
Aviv KirshenbaumMD LtdProfile
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Guil BashanPrincipal LtdProfile
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