Delek Logistics Partners Stock Market Value
DKL Stock | USD 38.90 0.48 1.25% |
Symbol | Delek |
Delek Logistics Partners Price To Book Ratio
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.
Delek Logistics '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 Logistics' 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 Logistics.
03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Delek Logistics on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Delek Logistics Partners or generate 0.0% return on investment in Delek Logistics over 30 days. Delek Logistics is related to or competes with CVR Energy, PBF Energy, HF Sinclair, Par Pacific, Star Gas, Delek Energy, and Phillips. Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refine... More
Delek Logistics 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 Logistics' 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 Logistics Partners upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.11) | |||
Maximum Drawdown | 15.58 | |||
Value At Risk | (2.39) | |||
Potential Upside | 1.93 |
Delek Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delek Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delek Logistics' standard deviation. In reality, there are many statistical measures that can use Delek Logistics historical prices to predict the future Delek Logistics' volatility.Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.22) | |||
Total Risk Alpha | (0.39) | |||
Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Delek Logistics' 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 Logistics Partners Backtested Returns
Delek Logistics Partners secures Sharpe Ratio (or Efficiency) of -0.0729, which denotes the company had a -0.0729% return per unit of risk over the last 3 months. Delek Logistics Partners exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delek Logistics' Variance of 3.98, mean deviation of 1.22, and Standard Deviation of 1.99 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.0, which means possible diversification benefits within a given portfolio. Delek Logistics returns are very sensitive to returns on the market. As the market goes up or down, Delek Logistics is expected to follow. Delek Logistics Partners has an expected return of -0.15%. Please make sure to confirm Delek Logistics Partners treynor ratio, as well as the relationship between the kurtosis and day median price , to decide if Delek Logistics Partners performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Delek Logistics Partners has below average predictability. Overlapping area represents the amount of predictability between Delek Logistics time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Logistics Partners price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Delek Logistics price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.31 | |
Spearman Rank Test | 0.25 | |
Residual Average | 0.0 | |
Price Variance | 0.28 |
Delek Logistics Partners lagged returns against current returns
Autocorrelation, which is Delek Logistics 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 Logistics' stock expected returns. We can calculate the autocorrelation of Delek Logistics returns to help us make a trade decision. For example, suppose you find that Delek Logistics 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 Logistics 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 Logistics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delek Logistics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delek Logistics stock over time.
Current vs Lagged Prices |
Timeline |
Delek Logistics Lagged Returns
When evaluating Delek Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delek Logistics stock have on its future price. Delek Logistics 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 Logistics autocorrelation shows the relationship between Delek Logistics stock current value and its past values and can show if there is a momentum factor associated with investing in Delek Logistics Partners.
Regressed Prices |
Timeline |
Pair Trading with Delek Logistics
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 Logistics 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 Logistics will appreciate offsetting losses from the drop in the long position's value.Moving together with Delek Stock
0.69 | VTNR | Vertex Energy Financial Report 14th of May 2024 | PairCorr |
Moving against Delek Stock
0.79 | MPC | Marathon Petroleum Corp Earnings Call This Week | PairCorr |
0.78 | VLO | Valero Energy Earnings Call This Week | PairCorr |
0.7 | REPYY | Repsol SA Earnings Call This Week | PairCorr |
0.69 | PBF | PBF Energy Financial Report 3rd of May 2024 | PairCorr |
0.67 | PSX | Phillips 66 Earnings Call This Week | PairCorr |
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.
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.
Correlation analysis and pair trading evaluation for Delek Logistics 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 Logistics Correlation, Delek Logistics Volatility and Delek Logistics Alpha and Beta module to complement your research on Delek Logistics. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Delek Stock analysis
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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Delek Logistics 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.