Delek Logistics Correlations
| DKL Stock | USD 40.17 0.85 2.16% |
The correlation of Delek Logistics 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 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Delek Logistics Partners and NYA is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delek Logistics Partners and NYA in the same portfolio, assuming nothing else is changed.
Delek |
The ability to find closely correlated positions to Delek Logistics 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 Logistics 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 Logistics - 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 Logistics Partners to buy it.
Moving together with Delek Stock
| 0.72 | VTNR | Vertex Energy Financial Report 14th of May 2024 | PairCorr |
| 0.67 | SGU | Star Gas Partners Earnings Call This Week | PairCorr |
| 0.67 | UGP | Ultrapar Participacoes Financial Report 1st of May 2024 | PairCorr |
Moving against Delek Stock
| 0.86 | BP | BP PLC ADR Financial Report 7th of May 2024 | PairCorr |
| 0.85 | MPC | Marathon Petroleum Corp Earnings Call This Week | PairCorr |
| 0.84 | VLO | Valero Energy Financial Report 25th of July 2024 | PairCorr |
| 0.82 | REPYY | Repsol SA | PairCorr |
| 0.79 | PBF | PBF Energy Earnings Call This Week | PairCorr |
| 0.77 | PSX | Phillips 66 Financial Report 1st of May 2024 | PairCorr |
| 0.75 | E | Eni SpA ADR | PairCorr |
| 0.75 | AR | Antero Resources Corp | PairCorr |
| 0.74 | DO | Diamond Offshore Drilling Financial Report 13th of May 2024 | PairCorr |
| 0.73 | AM | Antero Midstream Partners Sell-off Trend | PairCorr |
| 0.67 | DK | Delek Energy Financial Report 13th of May 2024 | PairCorr |
| 0.66 | AE | Adams Resources Energy Financial Report 14th of May 2024 | PairCorr |
| 0.58 | MITSY | Mitsui Company Earnings Call This Week | PairCorr |
| 0.54 | WKC | World Kinect Symbol Change | PairCorr |
| 0.53 | VVV | Valvoline Financial Report 8th of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DK | 1.70 | 0.22 | 0.07 | 0.45 | 2.23 | 3.26 | 12.36 | |||
| CVI | 1.70 | 0.08 | 0.04 | 0.17 | 1.69 | 4.30 | 10.44 | |||
| PSX | 1.14 | 0.15 | 0.08 | 0.33 | 1.22 | 2.76 | 6.27 | |||
| VLO | 1.28 | 0.32 | 0.20 | 0.46 | 1.17 | 2.70 | 8.10 | |||
| MPC | 1.22 | 0.34 | 0.19 | 0.68 | 1.18 | 2.88 | 9.77 | |||
| DINO | 1.30 | 0.05 | 0.03 | 0.13 | 1.71 | 2.90 | 9.76 | |||
| PBF | 1.84 | 0.34 | 0.16 | 0.43 | 1.77 | 5.21 | 12.07 | |||
| SGU | 1.73 | (0.05) | (0.04) | (0.01) | 2.27 | 4.89 | 15.11 |
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Our tools can tell you how much better you can do entering a position in Delek Logistics 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.Did you try this?
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Delek Logistics Corporate Directors
Delek Logistics corporate directors refer to members of a Delek Logistics board of directors. The board of directors generally takes responsibility for the Delek Logistics' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Delek Logistics' board members must vote for the resolution. The Delek Logistics board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Mark Cox | Director | Profile | |
| Sherri Brillon | Independent Director of the General Partner | Profile | |
| Gennifer Kelly | Independent Director of the General Partner | Profile | |
| Assaf Ginzburg | CFO of Delek Logistics GP LLC, Executive VP of Delek Logistics GP LLC and Director of Delek Logistics GP LLC | Profile |
Already Invested in Delek Logistics Partners?
The danger of trading Delek Logistics Partners is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Delek Logistics is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Delek Logistics. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Delek Logistics Partners is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Delek Logistics Partners is a strong investment it is important to analyze Delek Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Delek Logistics' future performance. For an informed investment choice regarding Delek Stock, refer to the following important reports: 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 tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Delek Logistics' price analysis, check to measure Delek Logistics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Delek Logistics is operating at the current time. Most of Delek Logistics' value examination focuses on studying past and present price action to predict the probability of Delek Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delek Logistics' price. Additionally, you may evaluate how the addition of Delek Logistics to your portfolios can decrease your overall portfolio volatility.
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Is Delek Logistics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Delek Logistics. If investors know Delek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Delek Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.49) | Dividend Share 4.16 | Earnings Share 2.89 | Revenue Per Share 23.413 | Quarterly Revenue Growth (0.06) |
The market value of Delek Logistics Partners is measured differently than its book value, which is the value of Delek that is recorded on the company's balance sheet. Investors also form their own opinion of Delek Logistics' value that differs from its market value or its book value, called intrinsic value, which is Delek Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Delek Logistics' market value can be influenced by many factors that don't directly affect Delek Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Delek Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Delek Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delek Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.