Delek Drilling Correlations

OTC Stocks . USA . 
Stock . Delek Drilling
DKDRF Stock  USD 3.18  0.09  2.91%   
The current 90-days correlation between Delek Drilling and Permian Resources is -0.14 (i.e., 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

Good diversification

The correlation between Delek Drilling and DJI is -0.11 (i.e., Good 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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Moving against Delek OTC Stock

  0.79PPERY Bank Mandiri PerseroPairCorr
  0.76BKRKY Bank RakyatPairCorr
  0.7PBCRY Bank Central AsiaPairCorr
  0.67PPERF Bank Mandiri PerseroPairCorr
  0.65PTBRY Bank Negara Indonesia Downward RallyPairCorr
  0.6BKRKF PT Bank RakyatPairCorr
  0.54OXY Occidental PetroleumPairCorr
  0.54PTAIY Astra International TbkPairCorr
  0.5WOPEF Woodside PetroleumPairCorr
  0.36CNQ Canadian Natural ResPairCorr

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   
EOG
+ 0.93
PR
CTRA
+ 0.93
PR
CTRA
+ 0.89
EOG
FANG
+ 0.82
DVN
COP
+ 0.81
EOG
COP
+ 0.78
PR
  
High negative correlations   
CTRA
- 0.11
DVN
DVN
- 0.01
PR

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
Sherry KaufmanVP LtdProfile
Guil BashanPrincipal LtdProfile
Yehuda BrukerChief LtdProfile
Yossi AbuChief LtdProfile
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