Delek Energy Correlations

DK Stock

USD 17.13 0.86 5.29%

The current 90-days correlation between Delek Energy and Crossamerica Partners LP is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Delek Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delek Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Delek Energy Correlation With Market

Average diversification

The correlation between Delek 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 Delek Energy 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 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 industry.

For more information on how to buy Delek Stock please use our How to buy in Delek Stock guide.

Moving together with Delek Stock

0.75	DINO	HF Sinclair Corp	Pair Corr
0.85	PBF	PBF Energy	Pair Corr
0.93	PARR	Par Pacific Holdings	Pair Corr
0.8	CLNE	Clean Energy Fuels	Pair Corr
0.73	EE	Excelerate Energy	Pair Corr
0.74	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.74	EU	enCore Energy Corp	Pair Corr
0.71	HP	Helmerich and Payne	Pair Corr
0.89	NE	Noble plc	Pair Corr
0.89	PR	Permian Resources	Pair Corr
0.67	SD	SandRidge Energy	Pair Corr
0.89	SM	SM Energy	Pair Corr
0.77	TK	Teekay	Pair Corr
0.74	TS	Tenaris SA ADR	Pair Corr
0.69	DLNG	Dynagas LNG Partners	Pair Corr
0.71	DMLP	Dorchester Minerals	Pair Corr
0.74	VIST	Vista Oil Gas	Pair Corr

Moving against Delek Stock

0.5	SGU	Star Gas Partners	Pair Corr
0.45	CAPL	Crossamerica Partners	Pair Corr
0.32	SUN	Sunoco LP	Pair Corr

Related Correlations Analysis

	CAPL	SUN	CVI	PSX	PBF	DINO	DKL	VLO	MPC	CSAN
CAPL		0.89	0.02	0.74	-0.65	-0.33	0.4	0.33	0.26	-0.63	CAPL
SUN	0.89		0.13	0.87	-0.47	-0.05	0.42	0.56	0.51	-0.56	SUN
CVI	0.02	0.13		0.29	0.42	0.47	0.46	0.69	0.6	0.17	CVI
PSX	0.74	0.87	0.29		-0.37	0.18	0.21	0.6	0.63	-0.29	PSX
PBF	-0.65	-0.47	0.42	-0.37		0.69	0.17	0.39	0.34	0.6	PBF
DINO	-0.33	-0.05	0.47	0.18	0.69		0.06	0.64	0.77	0.51	DINO
DKL	0.4	0.42	0.46	0.21	0.17	0.06		0.61	0.47	-0.39	DKL
VLO	0.33	0.56	0.69	0.6	0.39	0.64	0.61		0.92	-0.03	VLO
MPC	0.26	0.51	0.6	0.63	0.34	0.77	0.47	0.92		0.03	MPC
CSAN	-0.63	-0.56	0.17	-0.29	0.6	0.51	-0.39	-0.03	0.03		CSAN
	CAPL	SUN	CVI	PSX	PBF	DINO	DKL	VLO	MPC	CSAN

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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	+ 0.92	VLO
SUN	+ 0.89	CAPL
PSX	+ 0.87	SUN
MPC	+ 0.77	DINO
PSX	+ 0.74	CAPL
VLO	+ 0.69	CVI

High negative correlations

PBF	- 0.65	CAPL
CSAN	- 0.63	CAPL
CSAN	- 0.56	SUN
PBF	- 0.47	SUN
CSAN	- 0.39	DKL
PBF	- 0.37	PSX

Risk-Adjusted Indicators

There is a big difference between Delek Stock performing well and Delek 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 Delek 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
CAPL	0.78	0.17	0.25	(2.50)	0.81	(0.80)	1.69	(1.63)	4.73
SUN	0.95	0.21	0.19	0.29	1.09	(0.93)	2.39	(2.13)	5.34
CVI	2.20	0.21	0.09	0.39	2.67	(2.14)	5.07	(4.18)	12.26
PSX	1.45	0.14	0.08	0.06	1.76	(1.55)	3.44	(3.43)	8.50
PBF	2.66	(0.35)	0.00	(0.50)	0.00	0.00	5.31	(5.39)	22.28
DINO	1.90	(0.09)	0.00	(0.19)	0.00	0.00	3.90	(4.79)	12.94
DKL	1.03	0.24	0.24	0.35	0.97	(1.15)	2.92	(1.98)	6.06
VLO	1.69	0.07	0.05	0.05	2.21	(1.62)	3.48	(3.19)	9.59
MPC	1.68	0.05	0.00	(0.04)	0.00	0.00	3.27	(3.75)	12.00
CSAN	2.89	(0.10)	0.00	(0.25)	0.00	0.00	6.31	(6.28)	15.34

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