Delek Energy Stock Market Value
| DK Stock | USD 29.45 0.65 2.16% |
| Symbol | Delek |
Delek Energy Price To Book Ratio
Is Delek Energy's 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 Energy. 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 Energy 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 18.7 | Dividend Share 0.925 | Earnings Share 0.3 | Revenue Per Share 258.652 | Quarterly Revenue Growth (0.1) |
The market value of Delek Energy 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 Energy's value that differs from its market value or its book value, called intrinsic value, which is Delek Energy's 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 Energy's market value can be influenced by many factors that don't directly affect Delek Energy's 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 Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delek Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delek Energy's 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.
Delek Energy '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 Energy'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 Energy.
| 09/26/2022 |
| 04/18/2024 |
If you would invest 0.00 in Delek Energy on September 26, 2022 and sell it all today you would earn a total of 0.00 from holding Delek Energy or generate 0.0% return on investment in Delek Energy over 570 days. Delek Energy is related to or competes with Clean Energy, Icahn Enterprises, Delek Logistics, and Adams Resources. Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States More
Delek Energy 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 Energy'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 Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.77 | |||
| Information Ratio | 0.1028 | |||
| Maximum Drawdown | 12.36 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.26 |
Delek Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delek Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delek Energy's standard deviation. In reality, there are many statistical measures that can use Delek Energy historical prices to predict the future Delek Energy's volatility.| Risk Adjusted Performance | 0.0867 | |||
| Jensen Alpha | 0.2566 | |||
| Total Risk Alpha | 0.1196 | |||
| Sortino Ratio | 0.0897 | |||
| Treynor Ratio | 0.3566 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delek Energy'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 Energy Backtested Returns
Delek Energy appears to be very steady, given 3 months investment horizon. Delek Energy secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Delek Energy, which you can use to evaluate the volatility of the firm. Please utilize Delek Energy's Coefficient Of Variation of 795.24, mean deviation of 1.76, and Downside Deviation of 2.77 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Delek Energy holds a performance score of 11. The firm shows a Beta (market volatility) of 0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, Delek Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Delek Energy is expected to be smaller as well. Please check Delek Energy's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Delek Energy's price patterns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Delek Energy has insignificant reverse predictability. Overlapping area represents the amount of predictability between Delek Energy time series from 26th of September 2022 to 8th of July 2023 and 8th of July 2023 to 18th 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 Energy price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Delek Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 4.42 |
Delek Energy lagged returns against current returns
Autocorrelation, which is Delek Energy 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 Energy's stock expected returns. We can calculate the autocorrelation of Delek Energy returns to help us make a trade decision. For example, suppose you find that Delek Energy 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 Energy 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 Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delek Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delek Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Delek Energy Lagged Returns
When evaluating Delek Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delek Energy stock have on its future price. Delek Energy 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 Energy autocorrelation shows the relationship between Delek Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Delek Energy.
Regressed Prices |
| Timeline |
Pair Trading with Delek Energy
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 Energy 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 Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Delek Stock
| 0.91 | DINO | HF Sinclair Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.9 | CVI | CVR Energy Financial Report 6th of May 2024 | PairCorr |
Moving against Delek Stock
| 0.79 | SGU | Star Gas Partners | PairCorr |
| 0.76 | CLNE | Clean Energy Fuels Financial Report 14th of May 2024 | PairCorr |
| 0.71 | CSAN | Cosan SA ADR Financial Report 20th of May 2024 | PairCorr |
| 0.61 | DKL | Delek Logistics Partners Financial Report 13th of May 2024 | PairCorr |
| 0.58 | VTNR | Vertex Energy Buyout Trend | PairCorr |
The ability to find closely correlated positions to Delek Energy 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 Energy 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 Energy - 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 Energy to buy it.
The correlation of Delek Energy 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 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. 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 Energy 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 Energy Correlation, Delek Energy Volatility and Delek Energy Alpha and Beta module to complement your research on Delek Energy. For more information on how to buy Delek Stock please use our How to buy in Delek Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Delek Stock analysis
When running Delek Energy's price analysis, check to measure Delek Energy'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 Energy is operating at the current time. Most of Delek Energy's value examination focuses on studying past and present price action to predict the probability of Delek Energy'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 Energy's price. Additionally, you may evaluate how the addition of Delek Energy to your portfolios can decrease your overall portfolio volatility.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |
Delek Energy 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.