Delek Logistics Correlations

DKL Stock

USD 39.76 0.13 0.33%

The current 90-days correlation between Delek Logistics Partners and CVR Energy is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Delek Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delek Logistics Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Delek Logistics Correlation With Market

Good diversification

The correlation between Delek Logistics Partners and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delek Logistics Partners 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 Logistics Partners. 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.

Moving together with Delek Stock

0.7

Teekay

Pair Corr

Moving against Delek Stock

0.46	REPYY	Repsol SA	Pair Corr
0.36	AMTX	Aemetis	Pair Corr
0.49	HP	Helmerich and Payne	Pair Corr
0.43	NC	NACCO Industries	Pair Corr
0.36	BDCO	Blue Dolphin Energy	Pair Corr
0.33	EP	Empire Petroleum Corp	Pair Corr
0.56	VNOM	Viper Energy Ut	Pair Corr
0.5	DMLP	Dorchester Minerals	Pair Corr
0.49	VIST	Vista Oil Gas	Pair Corr
0.36	SU	Suncor Energy	Pair Corr
0.36	DWSN	Dawson Geophysical	Pair Corr
0.35	SM	SM Energy	Pair Corr

Related Correlations Analysis

	CVI	PBF	DINO	PARR	SGU	DK	SUN	PSX	VLO	CAPL
CVI		0.85	0.85	0.67	-0.3	0.59	0.24	0.75	0.42	-0.04	CVI
PBF	0.85		0.86	0.77	-0.03	0.7	0.42	0.79	0.7	-0.2	PBF
DINO	0.85	0.86		0.89	-0.19	0.87	0.5	0.75	0.64	-0.35	DINO
PARR	0.67	0.77	0.89		-0.21	0.81	0.41	0.61	0.63	-0.6	PARR
SGU	-0.3	-0.03	-0.19	-0.21		-0.04	0.25	-0.2	0.03	0.02	SGU
DK	0.59	0.7	0.87	0.81	-0.04		0.6	0.67	0.72	-0.45	DK
SUN	0.24	0.42	0.5	0.41	0.25	0.6		0.51	0.62	-0.17	SUN
PSX	0.75	0.79	0.75	0.61	-0.2	0.67	0.51		0.84	-0.1	PSX
VLO	0.42	0.7	0.64	0.63	0.03	0.72	0.62	0.84		-0.31	VLO
CAPL	-0.04	-0.2	-0.35	-0.6	0.02	-0.45	-0.17	-0.1	-0.31		CAPL
	CVI	PBF	DINO	PARR	SGU	DK	SUN	PSX	VLO	CAPL

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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

PARR	+ 0.89	DINO
DK	+ 0.87	DINO
DINO	+ 0.86	PBF
PBF	+ 0.85	CVI
DINO	+ 0.85	CVI
VLO	+ 0.84	PSX

High negative correlations

CAPL	- 0.6	PARR
CAPL	- 0.45	DK
CAPL	- 0.35	DINO
CAPL	- 0.31	VLO
SGU	- 0.3	CVI
SGU	- 0.21	PARR

Risk-Adjusted Indicators

There is a big difference between Delek Stock performing well and Delek Logistics 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 Logistics' 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
CVI	2.61	(0.47)	0.00	(0.17)	0.00	0.00	3.99	(5.81)	28.93
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
PARR	2.42	(0.47)	0.00	(0.19)	0.00	0.00	3.34	(5.60)	14.28
SGU	1.40	0.04	0.00	0.17	1.37	(1.95)	3.36	(2.59)	9.70
DK	2.02	(0.25)	0.00	(0.11)	0.00	0.00	3.53	(3.90)	16.10
SUN	1.05	0.00	(0.03)	0.08	1.08	(1.25)	2.68	(1.93)	5.70
PSX	1.14	(0.08)	(0.05)	0.01	1.69	(1.16)	1.81	(2.97)	7.77
VLO	1.47	(0.06)	(0.03)	0.02	2.05	(1.42)	2.87	(3.31)	11.46
CAPL	1.12	0.01	(0.03)	0.11	1.21	(1.29)	3.11	(2.23)	6.78

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