Delek Correlations

DLKGF Stock

USD 259.08 6.91 2.60%

The current 90-days correlation between Delek Group and Worley Limited is 0.03 (i.e., Significant diversification). The correlation of Delek 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 Correlation With Market

Good diversification

The correlation between Delek Group and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delek Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Delek 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 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 - 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 Group to buy it.

Moving together with Delek Pink Sheet

0.7	ADC	Agree Realty	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr
0.73	APGE	Apogee Therapeutics,	Pair Corr
0.82	KYOCF	Kyocera	Pair Corr
0.69	RLMD	Relmada Therapeutics	Pair Corr
0.66	EOLS	Evolus Inc	Pair Corr
0.66	REGN	Regeneron Pharmaceuticals	Pair Corr

Moving against Delek Pink Sheet

0.7	OXY	Occidental Petroleum Sell-off Trend	Pair Corr
0.59	TATT	Tat Techno	Pair Corr
0.44	COP	ConocoPhillips	Pair Corr
0.42	EOG	EOG Resources Sell-off Trend	Pair Corr
0.42	26442TAG2	US26442TAG22	Pair Corr
0.31	RYSKF	Reysas Tasimacilik	Pair Corr

Related Correlations Analysis

	VSOGF	WYGPF	PREKF	SBFFY	PMOIF	SBFFF	YZCFF	SBOEY	HBRIY
VSOGF		-0.63	0.55	0.59	0.43	0.18	0.0	-0.25	0.18	VSOGF
WYGPF	-0.63		-0.79	-0.73	-0.27	-0.26	0.0	0.31	-0.2	WYGPF
PREKF	0.55	-0.79		0.73	-0.07	0.53	0.0	-0.51	-0.08	PREKF
SBFFY	0.59	-0.73	0.73		-0.02	0.62	0.0	-0.41	-0.16	SBFFY
PMOIF	0.43	-0.27	-0.07	-0.02		-0.55	0.0	0.23	0.55	PMOIF
SBFFF	0.18	-0.26	0.53	0.62	-0.55		0.0	-0.5	-0.58	SBFFF
YZCFF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	YZCFF
SBOEY	-0.25	0.31	-0.51	-0.41	0.23	-0.5	0.0		0.25	SBOEY
HBRIY	0.18	-0.2	-0.08	-0.16	0.55	-0.58	0.0	0.25		HBRIY
	VSOGF	WYGPF	PREKF	SBFFY	PMOIF	SBFFF	YZCFF	SBOEY	HBRIY

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

SBFFY	+ 0.73	PREKF
SBFFF	+ 0.62	SBFFY
SBFFY	+ 0.59	VSOGF
PREKF	+ 0.55	VSOGF
HBRIY	+ 0.55	PMOIF
SBFFF	+ 0.53	PREKF

High negative correlations

PREKF	- 0.79	WYGPF
SBFFY	- 0.73	WYGPF
WYGPF	- 0.63	VSOGF
HBRIY	- 0.58	SBFFF
SBFFF	- 0.55	PMOIF
SBOEY	- 0.51	PREKF

Risk-Adjusted Indicators

There is a big difference between Delek Pink Sheet performing well and Delek 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'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
VSOGF	1.42	0.65	0.00	0.76	0.00	0.00	0.00	0.00	47.59
WYGPF	0.42	(0.12)	0.00	(0.25)	0.00	0.00	0.00	(0.53)	16.01
PREKF	1.21	0.10	0.05	0.21	1.32	(1.26)	2.76	(2.40)	6.66
SBFFY	0.76	0.24	0.03	(0.25)	1.04	(3.76)	2.00	(0.46)	25.59
PMOIF	1.63	(0.09)	0.00	(1.39)	0.00	0.00	4.09	(6.33)	16.67
SBFFF	0.26	0.05	0.00	0.68	0.00	0.00	0.00	0.00	8.77
YZCFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBOEY	0.50	(0.17)	0.00	(1.37)	0.00	0.00	0.00	0.00	11.08
HBRIY	2.56	(0.05)	0.00	(0.07)	0.00	0.00	5.26	(4.73)	32.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in Delek 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 Corporate Management

Leora Levin	Chief General Counsel, Executive VP and Secretary	Profile
Lena Bernstein	Chief Accountant	Profile
Gilad Meirson	Chairman Limited	Profile
Yitzhak Oz	CoChief Ltd	Profile
Tamir Polikar	Deputy VP	Profile
Gali Gana	Internal Auditor	Profile
Yossi Abu	Chief Ltd	Profile

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