DELEK LOGISTICS PARTNERS, LP (DKL) Correlation Distribution
Across 6,809 rolling correlation observations between DELEK LOGISTICS PARTNERS, LP (DKL) and other NASDAQ-listed stocks, 46.7% are positive and 53.3% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.027, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.2% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,809
- Mean correlation
- -0.027
- Most common range
- -0.1 to 0.0
- Positive pairs
- 46.7%
- Strong positive (≥0.7)
- 2.2%
- Sector
- Pipe Lines (No Natural Gas)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 44 | 0.6% | |
| -0.8 to -0.7 | 43 | 0.6% | |
| -0.7 to -0.6 | 331 | 4.9% | |
| -0.6 to -0.5 | 330 | 4.8% | |
| -0.5 to -0.4 | 577 | 8.5% | |
| -0.4 to -0.3 | 576 | 8.5% | |
| -0.3 to -0.2 | 555 | 8.2% | |
| -0.2 to -0.1 | 554 | 8.1% | |
| -0.1 to 0.0 | 621 | 9.1% | |
| 0.0 to 0.1 | 621 | 9.1% | |
| 0.1 to 0.2 | 550 | 8.1% | |
| 0.2 to 0.3 | 549 | 8.1% | |
| 0.3 to 0.4 | 402 | 5.9% | |
| 0.4 to 0.5 | 401 | 5.9% | |
| 0.5 to 0.6 | 252 | 3.7% | |
| 0.6 to 0.7 | 251 | 3.7% | |
| 0.7 to 0.8 | 76 | 1.1% | |
| 0.8 to 0.9 | 76 | 1.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of DKL?
DELEK LOGISTICS PARTNERS, LP (DKL) has an average correlation of about -0.027 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DKL positively correlated with other stocks?
Not predominantly — 46.7% of pairs are positive and 53.3% are negative. Strong positive correlations (≥0.7) make up 2.2%.
What is the most common correlation range for DKL?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 50.7% of all pairs.
Explore the full interactive correlation distribution for DKL.
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