Delek Cash And Cash Equivalents Changes vs Net Income Analysis
DK Stock | USD 26.91 0.20 0.75% |
Delek Energy financial indicator trend analysis is much more than just examining Delek Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Delek Energy is a good investment. Please check the relationship between Delek Energy Cash And Cash Equivalents Changes and its Net Income accounts. 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 tightly coupled 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.
Cash And Cash Equivalents Changes vs Net Income
Cash And Cash Equivalents Changes vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Delek Energy Cash And Cash Equivalents Changes account and Net Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Delek Energy's Cash And Cash Equivalents Changes and Net Income is 0.18. Overlapping area represents the amount of variation of Cash And Cash Equivalents Changes that can explain the historical movement of Net Income in the same time period over historical financial statements of Delek Energy, assuming nothing else is changed. The correlation between historical values of Delek Energy's Cash And Cash Equivalents Changes and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Cash Equivalents Changes of Delek Energy are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Cash And Cash Equivalents Changes i.e., Delek Energy's Cash And Cash Equivalents Changes and Net Income go up and down completely randomly.
Correlation Coefficient | 0.18 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Cash And Cash Equivalents Changes
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Delek Energy financial statement analysis. It represents the amount of money remaining after all of Delek Energy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Delek Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Delek Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 tightly coupled 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.At this time, Delek Energy's Issuance Of Capital Stock is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 5.19 this year, although the value of Tax Provision will most likely fall to (105 K).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 137.2M | 195.3M | 323.7M | 339.9M | Depreciation And Amortization | 59.6M | 52.2M | 351.6M | 369.2M |
Delek Energy fundamental ratios Correlations
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Delek Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Delek Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.0B | 6.1B | 6.7B | 8.2B | 7.2B | 3.7B | |
Other Current Liab | 332.5M | 129.2M | 1.2B | 1.2B | 755.6M | 793.4M | |
Total Current Liabilities | 2.4B | 1.9B | 3.1B | 3.1B | 2.7B | 2.8B | |
Total Stockholder Equity | 1.7B | 1.0B | 827.7M | 943.6M | 845.5M | 882.5M | |
Property Plant And Equipment Net | 2.6B | 2.5B | 2.5B | 3.0B | 3.0B | 1.5B | |
Net Debt | 1.3B | 1.7B | 1.6B | 2.4B | 1.9B | 2.0B | |
Cash | 955.3M | 787.5M | 856.5M | 841.3M | 822.2M | 490.9M | |
Non Current Assets Total | 4.1B | 3.8B | 3.8B | 4.5B | 4.5B | 4.7B | |
Non Currrent Assets Other | 67.8M | 84.3M | 95.4M | 96.3M | 126.1M | 79.9M | |
Cash And Short Term Investments | 955.3M | 787.5M | 856.5M | 841.3M | 822.2M | 498.5M | |
Common Stock Shares Outstanding | 76.6M | 73.6M | 74.0M | 71.5M | 66.0M | 65.1M | |
Liabilities And Stockholders Equity | 7.0B | 6.1B | 6.7B | 8.2B | 7.2B | 3.7B | |
Non Current Liabilities Total | 2.8B | 3.1B | 2.7B | 4.0B | 3.5B | 3.7B | |
Other Current Assets | 268.7M | 256.4M | 126M | 122.7M | 62.7M | 95.7M | |
Other Stockholder Equity | 459.7M | 491M | 512.4M | 440M | 419.5M | 416.7M | |
Total Liab | 5.2B | 5.0B | 5.8B | 7.1B | 6.2B | 6.5B | |
Property Plant And Equipment Gross | 2.6B | 2.5B | 3.6B | 4.3B | 4.8B | 5.1B | |
Total Current Assets | 3.0B | 2.3B | 2.9B | 3.7B | 2.7B | 1.5B | |
Short Long Term Debt Total | 2.3B | 2.5B | 2.4B | 3.2B | 2.8B | 2.9B | |
Other Liab | 650.1M | 659M | 376M | 935.3M | 1.1B | 1.1B | |
Current Deferred Revenue | 126M | 346.8M | 546.4M | 44.6M | 16M | 15.2M | |
Retained Earnings | 1.2B | 522M | 318.2M | 507.9M | 430M | 511.4M | |
Accounts Payable | 1.6B | 1.1B | 1.7B | 1.7B | 1.8B | 1.9B | |
Other Assets | 67.8M | 84.3M | 100.5M | 100.4M | 115.5M | 62.6M | |
Long Term Debt | 2.0B | 2.3B | 2.1B | 3.0B | 2.6B | 2.7B | |
Net Receivables | 792.6M | 527.9M | 776.6M | 1.2B | 799.2M | 839.2M | |
Good Will | 857.8M | 855.7M | 729.7M | 744.3M | 729.4M | 765.9M | |
Inventory | 946.7M | 727.7M | 1.2B | 1.5B | 981.9M | 571.6M | |
Accumulated Other Comprehensive Income | 100K | (7.2M) | (3.8M) | (5.2M) | (4.8M) | (5.0M) | |
Short Term Debt | 76.9M | 83.6M | 146.1M | 124.1M | 99.2M | 98.2M | |
Intangible Assets | 110.3M | 107.8M | 102.7M | 315.6M | 296.2M | 311.0M | |
Property Plant Equipment | 2.6B | 2.4B | 2.5B | 2.8B | 3.2B | 3.4B | |
Short Term Investments | 15.6M | 12.1M | 1.1M | 45M | 40.5M | 20.5M | |
Treasury Stock | (25M) | (514.1M) | (692.2M) | (694.1M) | (624.7M) | (593.5M) | |
Net Tangible Assets | 700.3M | 169.2M | (4.7M) | (116.3M) | (104.7M) | (99.4M) | |
Deferred Long Term Liab | 8.5M | 255.5M | 196.4M | 266.5M | 306.5M | 321.8M | |
Long Term Investments | 416.2M | 363.6M | 344.1M | 359.7M | 360.7M | 294.6M | |
Short Long Term Debt | 36.4M | 33.4M | 92.2M | 74.5M | 44.5M | 42.3M |
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
0.81 | DINO | HF Sinclair Corp Earnings Call This Week | PairCorr |
0.74 | CVI | CVR Energy Financial Report 6th of May 2024 | PairCorr |
Moving against Delek Stock
0.64 | SGU | Star Gas Partners | PairCorr |
0.63 | DKL | Delek Logistics Partners Earnings Call This Week | PairCorr |
0.55 | IEP | Icahn Enterprises Earnings Call This Week | PairCorr |
0.55 | CLNE | Clean Energy Fuels Earnings Call This Week | PairCorr |
0.51 | CSAN | Cosan SA ADR Financial Report 20th of May 2024 | 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 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 tightly coupled 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.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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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.
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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.