Delek Group Correlations

DELKY Stock

USD 17.14 0.49 2.94%

The current 90-days correlation between Delek Group and Spartan Delta Corp is 0.25 (i.e., Modest diversification). The correlation of Delek Group 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Delek Group Correlation With Market

Good diversification

The correlation between Delek Group and DJI is -0.04 (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 Group 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 Group 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 Group - 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

0.63	HES	Hess	Pair Corr
0.78	MSB	Mesabi Trust	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.91	CSCO	Cisco Systems	Pair Corr
0.82	GE	GE Aerospace	Pair Corr
0.73	IBM	International Business	Pair Corr
0.83	MMM	3M Company	Pair Corr

Moving against Delek Pink Sheet

0.78	MRK	Merck Company Aggressive Push	Pair Corr
0.72	MSFT	Microsoft	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr
0.57	CNQ	Canadian Natural Res	Pair Corr
0.55	CAT	Caterpillar	Pair Corr
0.49	DIS	Walt Disney	Pair Corr
0.48	GTOR	Ggtoor Inc	Pair Corr
0.35	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	VLERF	GUKYF	IPXHY	DALXF	OILSF	PRPRF	SEUSF	PSHIF	JPTXF
VLERF		0.6	-0.43	0.45	-0.01	0.61	-0.65	0.69	0.0	VLERF
GUKYF	0.6		-0.4	0.09	-0.49	0.43	-0.77	0.56	0.0	GUKYF
IPXHY	-0.43	-0.4		-0.29	0.31	-0.36	0.63	-0.23	0.0	IPXHY
DALXF	0.45	0.09	-0.29		0.59	0.45	-0.53	0.38	0.0	DALXF
OILSF	-0.01	-0.49	0.31	0.59		-0.01	0.22	-0.01	0.0	OILSF
PRPRF	0.61	0.43	-0.36	0.45	-0.01		-0.58	0.44	0.0	PRPRF
SEUSF	-0.65	-0.77	0.63	-0.53	0.22	-0.58		-0.53	0.0	SEUSF
PSHIF	0.69	0.56	-0.23	0.38	-0.01	0.44	-0.53		0.0	PSHIF
JPTXF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		JPTXF
	VLERF	GUKYF	IPXHY	DALXF	OILSF	PRPRF	SEUSF	PSHIF	JPTXF

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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

PSHIF	+ 0.69	VLERF
SEUSF	+ 0.63	IPXHY
PRPRF	+ 0.61	VLERF
GUKYF	+ 0.6	VLERF
OILSF	+ 0.59	DALXF
PSHIF	+ 0.56	GUKYF

High negative correlations

SEUSF	- 0.77	GUKYF
SEUSF	- 0.65	VLERF
SEUSF	- 0.58	PRPRF
PSHIF	- 0.53	SEUSF
SEUSF	- 0.53	DALXF
OILSF	- 0.49	GUKYF

Risk-Adjusted Indicators

There is a big difference between Delek Pink Sheet performing well and Delek Group 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 Group'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
VLERF	2.64	0.37	0.16	8.13	2.53	(3.09)	5.67	(4.58)	18.87
GUKYF	3.16	0.66	0.17	2.58	2.85	(5.18)	11.05	(6.64)	30.48
IPXHY	1.23	(0.06)	0.00	0.41	0.00	0.00	2.52	(2.08)	9.31
DALXF	2.15	(0.20)	0.00	(0.35)	0.00	0.00	4.14	(4.67)	14.59
OILSF	2.01	(0.28)	0.00	(0.47)	0.00	0.00	4.05	(4.08)	14.67
PRPRF	13.65	4.48	0.20	0.74	12.07	(23.92)	26.43	(20.43)	278.92
SEUSF	3.72	(0.37)	0.00	(1.24)	0.00	0.00	7.89	(6.17)	32.71
PSHIF	1.40	0.09	0.03	0.53	1.95	(4.29)	3.70	(3.45)	16.52
JPTXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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

Leora Levin	Exec Counsel	Profile
Lena Bernstein	Chief Accountant	Profile
Gilad Meirson	Chairman Limited	Profile
Tamir Polikar	Deputy VP	Profile
Yitzhak Oz	CoChief Ltd	Profile
Yossi Abu	Chief Ltd	Profile
Gali Gana	Chief Auditor	Profile

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