Delek (Israel) Market Value
| DLEKG Stock | ILS 44,620 410.00 0.91% |
| Symbol | Delek |
Delek 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Delek's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Delek.
| 05/11/2022 |
| 04/30/2024 |
If you would invest 0.00 in Delek on May 11, 2022 and sell it all today you would earn a total of 0.00 from holding Delek Group or generate 0.0% return on investment in Delek over 720 days. Delek is related to or competes with Fattal 1998, and Enlight Renewable. Delek Group Ltd., an energy company, explores for and produces natural gas in Israel and internationally More
Delek Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Delek's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Delek Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.65 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 4.49 |
Delek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delek's standard deviation. In reality, there are many statistical measures that can use Delek historical prices to predict the future Delek's volatility.| Risk Adjusted Performance | 0.0074 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delek's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Delek Group Backtested Returns
We consider Delek very steady. Delek Group secures Sharpe Ratio (or Efficiency) of 0.0224, which denotes the company had a 0.0224% return per unit of risk over the last 3 months. We have found thirty technical indicators for Delek Group, which you can use to evaluate the volatility of the firm. Please confirm Delek's Mean Deviation of 1.66, downside deviation of 1.89, and Coefficient Of Variation of 1424316.39 to check if the risk estimate we provide is consistent with the expected return of 0.053%. Delek has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.83, which means possible diversification benefits within a given portfolio. As returns on the market increase, Delek's returns are expected to increase less than the market. However, during the bear market, the loss of holding Delek is expected to be smaller as well. Delek Group right now shows a risk of 2.37%. Please confirm Delek Group jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Delek Group will be following its price patterns.
Auto-correlation | 0.23 |
Weak predictability
Delek Group has weak predictability. Overlapping area represents the amount of predictability between Delek time series from 11th of May 2022 to 6th of May 2023 and 6th of May 2023 to 30th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Delek Group price movement. The serial correlation of 0.23 indicates that over 23.0% of current Delek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 19.3 M |
Delek Group lagged returns against current returns
Autocorrelation, which is Delek stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Delek's stock expected returns. We can calculate the autocorrelation of Delek returns to help us make a trade decision. For example, suppose you find that Delek has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Delek regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Delek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delek stock over time.
Current vs Lagged Prices |
| Timeline |
Delek Lagged Returns
When evaluating Delek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delek stock have on its future price. Delek autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Delek autocorrelation shows the relationship between Delek stock current value and its past values and can show if there is a momentum factor associated with investing in Delek Group.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Delek in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Delek's short interest history, or implied volatility extrapolated from Delek options trading.
Pair Trading with Delek
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Delek position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Delek will appreciate offsetting losses from the drop in the long position's value.Moving together with Delek Stock
| 0.82 | MZTF | Mizrahi Tefahot | PairCorr |
The ability to find closely correlated positions to Delek 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 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 - 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.
The correlation of Delek 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delek Group 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.
Correlation analysis and pair trading evaluation for Delek can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Delek Correlation, Delek Volatility and Delek Alpha and Beta module to complement your research on Delek. Note that the Delek Group information on this page should be used as a complementary analysis to other Delek's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Delek Stock analysis
When running Delek's price analysis, check to measure Delek's 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 is operating at the current time. Most of Delek's value examination focuses on studying past and present price action to predict the probability of Delek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delek's price. Additionally, you may evaluate how the addition of Delek to your portfolios can decrease your overall portfolio volatility.
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Delek technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.