HF Sinclair Correlations

DINO Stock

USD 33.53 0.36 1.06%

The current 90-days correlation between HF Sinclair Corp and PBF Energy is 0.68 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HF Sinclair moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HF Sinclair Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

HF Sinclair Correlation With Market

Weak diversification

The correlation between HF Sinclair Corp and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HF Sinclair Corp 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 HF Sinclair Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with DINO Stock

0.76	DK	Delek Energy	Pair Corr
0.76	MPC	Marathon Petroleum Corp	Pair Corr
0.67	PBF	PBF Energy Downward Rally	Pair Corr
0.65	VLO	Valero Energy	Pair Corr
0.68	VVV	Valvoline	Pair Corr
0.79	PARR	Par Pacific Holdings	Pair Corr
0.78	CLNE	Clean Energy Fuels	Pair Corr
0.76	ET	Energy Transfer LP	Pair Corr
0.68	NE	Noble plc	Pair Corr
0.74	PR	Permian Resources	Pair Corr
0.68	SD	SandRidge Energy	Pair Corr
0.72	SM	SM Energy	Pair Corr
0.74	SU	Suncor Energy	Pair Corr
0.62	TK	Teekay	Pair Corr

Moving against DINO Stock

0.39

EPSN

Epsilon Energy Potential Growth

Pair Corr

Related Correlations Analysis

	DK	CVI	VLO	MPC	DKL	PBF	PARR	PSX	SUN
DK		0.41	0.48	0.53	0.46	0.84	0.92	-0.23	-0.31	DK
CVI	0.41		0.66	0.6	0.61	0.27	0.36	0.37	0.21	CVI
VLO	0.48	0.66		0.92	0.71	0.36	0.41	0.61	0.58	VLO
MPC	0.53	0.6	0.92		0.61	0.28	0.42	0.64	0.55	MPC
DKL	0.46	0.61	0.71	0.61		0.26	0.28	0.37	0.42	DKL
PBF	0.84	0.27	0.36	0.28	0.26		0.93	-0.45	-0.47	PBF
PARR	0.92	0.36	0.41	0.42	0.28	0.93		-0.36	-0.44	PARR
PSX	-0.23	0.37	0.61	0.64	0.37	-0.45	-0.36		0.91	PSX
SUN	-0.31	0.21	0.58	0.55	0.42	-0.47	-0.44	0.91		SUN
	DK	CVI	VLO	MPC	DKL	PBF	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

PARR	+ 0.93	PBF
PARR	+ 0.92	DK
MPC	+ 0.92	VLO
SUN	+ 0.91	PSX
PBF	+ 0.84	DK
DKL	+ 0.71	VLO

High negative correlations

SUN	- 0.47	PBF
PSX	- 0.45	PBF
SUN	- 0.44	PARR
PSX	- 0.36	PARR
SUN	- 0.31	DK
PSX	- 0.23	DK

Risk-Adjusted Indicators

There is a big difference between DINO Stock performing well and HF Sinclair 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 HF Sinclair'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	2.66	0.06	0.03	0.05	3.35	(2.70)	5.29	(5.12)	16.57
CVI	2.18	0.23	0.10	0.44	2.55	(2.15)	5.07	(3.86)	12.26
VLO	1.70	0.09	0.05	0.11	2.12	(1.62)	3.48	(3.19)	9.59
MPC	1.68	0.12	0.06	0.08	2.16	(1.71)	3.27	(3.42)	12.00
DKL	1.02	0.21	0.21	0.34	0.96	(1.17)	2.92	(1.98)	6.06
PBF	2.68	(0.38)	0.00	(0.50)	0.00	0.00	5.31	(5.39)	22.28
PARR	2.61	(0.09)	0.00	(0.15)	0.00	0.00	4.89	(6.50)	16.24
PSX	1.46	0.11	0.06	0.06	1.82	(1.52)	3.44	(3.43)	8.50
SUN	0.98	0.15	0.13	0.22	1.16	(0.95)	2.39	(2.13)	5.34

HF Sinclair Corporate Management

John Harrison	VP Treasurer	Profile
Leldon Echols	Independent Director	Profile
Vaishali Bhatia	Senior Vice President General Counsel, Secretary	Profile
Eric Nitcher	Executive Counsel	Profile
Thomas Creery	President of Renewables	Profile
Valeria Pompa	Executive Operations	Profile

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