Delek US Holdings, Inc. (DK) Correlation Distribution
Across 6,809 rolling correlation observations between Delek US Holdings, Inc. (DK) and other NASDAQ-listed stocks, 35% are positive and 65% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.118, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.2% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- -0.118
- Most common range
- -0.5 to -0.4
- Positive pairs
- 35%
- Strong positive (≥0.7)
- 1.2%
- Sector
- Petroleum Refining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 49 | 0.7% | |
| -0.7 to -0.6 | 397 | 5.8% | |
| -0.6 to -0.5 | 396 | 5.8% | |
| -0.5 to -0.4 | 768 | 11.3% | |
| -0.4 to -0.3 | 768 | 11.3% | |
| -0.3 to -0.2 | 713 | 10.5% | |
| -0.2 to -0.1 | 713 | 10.5% | |
| -0.1 to 0.0 | 573 | 8.4% | |
| 0.0 to 0.1 | 572 | 8.4% | |
| 0.1 to 0.2 | 417 | 6.1% | |
| 0.2 to 0.3 | 417 | 6.1% | |
| 0.3 to 0.4 | 291 | 4.3% | |
| 0.4 to 0.5 | 291 | 4.3% | |
| 0.5 to 0.6 | 156 | 2.3% | |
| 0.6 to 0.7 | 156 | 2.3% | |
| 0.7 to 0.8 | 41 | 0.6% | |
| 0.8 to 0.9 | 41 | 0.6% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of DK?
Delek US Holdings, Inc. (DK) has an average correlation of about -0.118 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DK positively correlated with other stocks?
Not predominantly — 35% of pairs are positive and 65% are negative. Strong positive correlations (≥0.7) make up 1.2%.
What is the most common correlation range for DK?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 50% of all pairs.
Explore the full interactive correlation distribution for DK.
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