PBF Energy Correlations

PBF Stock

USD 30.13 0.32 1.05%

The current 90-days correlation between PBF Energy and Delek Energy is 0.03 (i.e., Significant diversification). The correlation of PBF Energy 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.

PBF Energy Correlation With Market

Average diversification

The correlation between PBF Energy and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PBF Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PBF 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 bureau of labor statistics.

For more detail on how to invest in PBF Stock please use our How to Invest in PBF Energy guide.

Moving together with PBF Stock

0.82	DINO	HF Sinclair Corp	Pair Corr
0.96	MPC	Marathon Petroleum Corp	Pair Corr
0.9	PSX	Phillips 66	Pair Corr
0.76	SGU	Star Gas Partners Earnings Call This Week	Pair Corr
0.66	SUN	Sunoco LP	Pair Corr
0.95	VLO	Valero Energy	Pair Corr
0.68	WKC	World Kinect	Pair Corr
0.62	PARR	Par Pacific Holdings	Pair Corr
0.65	E	Eni SpA ADR	Pair Corr
0.77	HP	Helmerich and Payne	Pair Corr
0.75	NE	Noble plc	Pair Corr
0.61	PR	Permian Resources Sell-off Trend	Pair Corr
0.8	SM	SM Energy	Pair Corr
0.87	SU	Suncor Energy	Pair Corr

Moving against PBF Stock

0.55	PTLE	PTL LTD Ordinary	Pair Corr
0.35	CAPL	Crossamerica Partners	Pair Corr
0.47	EP	Empire Petroleum Corp	Pair Corr
0.38	DLNG	Dynagas LNG Partners	Pair Corr

Related Correlations Analysis

	DK	CVI	VLO	MPC	DKL	DINO	PARR	PSX	SUN
DK		0.68	0.45	0.45	0.18	0.25	0.63	0.4	0.15	DK
CVI	0.68		0.47	0.34	0.7	-0.09	0.75	0.12	0.54	CVI
VLO	0.45	0.47		0.96	0.05	0.74	0.71	0.81	0.66	VLO
MPC	0.45	0.34	0.96		-0.14	0.86	0.64	0.9	0.57	MPC
DKL	0.18	0.7	0.05	-0.14		-0.59	0.5	-0.4	0.37	DKL
DINO	0.25	-0.09	0.74	0.86	-0.59		0.29	0.92	0.25	DINO
PARR	0.63	0.75	0.71	0.64	0.5	0.29		0.41	0.51	PARR
PSX	0.4	0.12	0.81	0.9	-0.4	0.92	0.41		0.55	PSX
SUN	0.15	0.54	0.66	0.57	0.37	0.25	0.51	0.55		SUN
	DK	CVI	VLO	MPC	DKL	DINO	PARR	PSX	SUN

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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	+ 0.96	VLO
PSX	+ 0.92	DINO
PSX	+ 0.9	MPC
DINO	+ 0.86	MPC
PSX	+ 0.81	VLO
PARR	+ 0.75	CVI

High negative correlations

DINO	- 0.59	DKL
PSX	- 0.4	DKL
DKL	- 0.14	MPC
DINO	- 0.09	CVI

Risk-Adjusted Indicators

There is a big difference between PBF Stock performing well and PBF 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 PBF 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
DK	2.04	0.17	0.05	0.39	2.55	(2.09)	4.28	(4.20)	13.99
CVI	1.97	0.31	0.09	1.42	2.26	(2.06)	4.26	(3.86)	16.15
VLO	1.36	0.09	0.01	0.42	1.58	(1.39)	2.87	(2.71)	8.22
MPC	1.28	0.05	0.00	0.21	1.64	(1.38)	3.15	(2.52)	8.87
DKL	0.78	0.24	0.20	1.54	0.54	(0.94)	1.86	(1.24)	4.78
DINO	1.43	(0.10)	0.00	(0.29)	0.00	0.00	2.85	(2.77)	10.71
PARR	2.06	0.24	0.03	(0.37)	2.75	(1.86)	3.73	(4.30)	15.96
PSX	1.13	(0.01)	(0.04)	0.07	1.62	(1.09)	1.80	(2.89)	10.22
SUN	1.01	0.19	0.09	0.37	1.22	(0.96)	2.47	(2.07)	7.24

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