DELEK LOGISTICS PARTNERS, LP (DKL) — Stock Correlations & Overview
Over the past year, DKL has moved most closely with MLPR, AMUB, MLPA. Explore the stocks most correlated and inversely correlated with DKL below, along with its price, financials, and company profile.
Stocks correlated with DKL
Correlation of daily returns. Higher positive values move with DKL; negative values move opposite it. Informational only, not investment advice.
Most correlated with DKL
| Symbol | Company | Correlation |
|---|---|---|
| MLPR | ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN | 0.51 |
| AMUB | ETRACS Alerian MLP Index ETN Series B due July 18, 2042 | 0.48 |
| MLPA | Global X MLP ETF | 0.48 |
| MLPB | ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 | 0.46 |
| AMLP | Alerian MLP ETF | 0.45 |
Most inversely correlated with DKL
| Symbol | Company | Correlation |
|---|---|---|
| ERY | Direxion Daily Energy Bear 2X ETF | -0.39 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.39 |
| DUG | ProShares UltraShort Energy | -0.38 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.35 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.34 |
Frequently asked questions about DKL correlations
- Which stocks are most correlated with DKL?
- Based on one year of daily returns, the stocks most correlated with DELEK LOGISTICS PARTNERS, LP (DKL) are MLPR (0.51), AMUB (0.48) and MLPA (0.48). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with DKL?
- Over the past year, the stocks most inversely correlated with DELEK LOGISTICS PARTNERS, LP (DKL) are ERY (-0.39), OILD (-0.39) and DUG (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these DKL correlations calculated?
- We compute the correlation of daily returns between DKL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.