Delek Logistics Correlations

DKL Stock

USD 41.64 1.62 4.05%

The current 90-days correlation between Delek Logistics Partners and CVR Energy is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Delek Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delek Logistics Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Delek Logistics Correlation With Market

Modest diversification

The correlation between Delek Logistics Partners and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delek Logistics Partners 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 Logistics Partners. 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.

Moving together with Delek Stock

0.69	CAPL	Crossamerica Partners	Pair Corr
0.67	AM	Antero Midstream Partners	Pair Corr
0.87	AR	Antero Resources Corp	Pair Corr
0.85	ET	Energy Transfer LP Sell-off Trend	Pair Corr
0.67	SD	SandRidge Energy Earnings Call This Week	Pair Corr
0.76	TK	Teekay	Pair Corr

Moving against Delek Stock

0.69	BPT	BP Prudhoe Bay	Pair Corr
0.66	AMTX	Aemetis Earnings Call This Week	Pair Corr
0.65	CSAN	Cosan SA ADR	Pair Corr
0.54	IEP	Icahn Enterprises Earnings Call Today	Pair Corr
0.5	VVV	Valvoline	Pair Corr
0.44	DINO	HF Sinclair Corp	Pair Corr
0.41	UGP	Ultrapar Participacoes Earnings Call Today	Pair Corr
0.39	PTLE	PTL LTD Ordinary	Pair Corr
0.32	PSX	Phillips 66	Pair Corr
0.71	VIVK	Vivakor	Pair Corr
0.66	WFRD	Weatherford International	Pair Corr
0.63	ENLC	EnLink Midstream LLC	Pair Corr
0.47	VNOM	Viper Energy Ut	Pair Corr
0.4	DWSN	Dawson Geophysical	Pair Corr
0.31	DMLP	Dorchester Minerals	Pair Corr

Related Correlations Analysis

	CVI	PBF	DINO	PARR	SGU	DK	SUN	PSX	VLO	CAPL
CVI		0.24	0.1	0.49	0.07	0.39	0.33	0.22	0.57	0.29	CVI
PBF	0.24		0.63	0.75	-0.18	0.68	-0.07	0.39	0.52	-0.55	PBF
DINO	0.1	0.63		0.39	0.48	0.43	0.29	0.89	0.7	-0.54	DINO
PARR	0.49	0.75	0.39		-0.15	0.86	0.06	0.22	0.59	-0.16	PARR
SGU	0.07	-0.18	0.48	-0.15		0.01	0.82	0.74	0.56	0.26	SGU
DK	0.39	0.68	0.43	0.86	0.01		0.16	0.32	0.56	-0.07	DK
SUN	0.33	-0.07	0.29	0.06	0.82	0.16		0.59	0.71	0.55	SUN
PSX	0.22	0.39	0.89	0.22	0.74	0.32	0.59		0.76	-0.24	PSX
VLO	0.57	0.52	0.7	0.59	0.56	0.56	0.71	0.76		0.05	VLO
CAPL	0.29	-0.55	-0.54	-0.16	0.26	-0.07	0.55	-0.24	0.05		CAPL
	CVI	PBF	DINO	PARR	SGU	DK	SUN	PSX	VLO	CAPL

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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

PSX	+ 0.89	DINO
DK	+ 0.86	PARR
SUN	+ 0.82	SGU
VLO	+ 0.76	PSX
PARR	+ 0.75	PBF
PSX	+ 0.74	SGU

High negative correlations

CAPL	- 0.55	PBF
CAPL	- 0.54	DINO
CAPL	- 0.24	PSX
SGU	- 0.18	PBF
CAPL	- 0.16	PARR
SGU	- 0.15	PARR

Risk-Adjusted Indicators

There is a big difference between Delek Stock performing well and Delek Logistics 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 Logistics' 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
CVI	1.95	0.13	0.05	0.77	2.46	(1.99)	4.26	(3.86)	12.26
PBF	2.26	(0.44)	0.00	(0.76)	0.00	0.00	3.84	(5.26)	22.26
DINO	1.60	(0.22)	0.00	(0.37)	0.00	0.00	3.19	(3.02)	11.51
PARR	2.20	(0.19)	0.00	(0.52)	0.00	0.00	3.96	(5.36)	14.67
SGU	1.14	0.11	0.08	0.85	1.14	(1.33)	2.46	(1.89)	7.92
DK	2.19	(0.16)	0.00	4.87	0.00	0.00	4.70	(4.58)	16.63
SUN	1.00	0.12	0.07	0.16	1.36	(0.89)	2.42	(2.25)	7.01
PSX	1.28	(0.04)	0.00	(0.05)	0.00	0.00	2.83	(3.43)	8.36
VLO	1.51	(0.08)	0.00	(0.17)	0.00	0.00	3.30	(3.16)	9.45
CAPL	0.87	0.23	0.20	2.29	0.80	(0.92)	2.02	(1.52)	5.88

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