HF Sinclair Correlations

DINO Stock

USD 40.93 0.05 0.12%

The current 90-days correlation between HF Sinclair Corp and Delek Energy is 0.73 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HF Sinclair moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HF Sinclair Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

HF Sinclair Correlation With Market

Very weak diversification

The correlation between HF Sinclair Corp and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HF Sinclair Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in HF Sinclair Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with DINO Stock

0.77	DK	Delek Energy	Pair Corr
0.68	BPT	BP Prudhoe Bay	Pair Corr
0.85	CVI	CVR Energy	Pair Corr
0.92	MPC	Marathon Petroleum Corp	Pair Corr
0.81	PBF	PBF Energy	Pair Corr
0.62	PSX	Phillips 66	Pair Corr
0.67	UGP	Ultrapar Participacoes	Pair Corr
0.88	PARR	Par Pacific Holdings	Pair Corr
0.75	CSAN	Cosan SA ADR	Pair Corr
0.64	E	Eni SpA ADR	Pair Corr
0.88	BP	BP PLC ADR	Pair Corr
0.88	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.72	NE	Noble plc	Pair Corr
0.78	SD	SandRidge Energy	Pair Corr

Moving against DINO Stock

0.64	EE	Excelerate Energy	Pair Corr
0.63	BDCO	Blue Dolphin Energy	Pair Corr
0.54	AMTX	Aemetis	Pair Corr
0.51	AE	Adams Resources Energy	Pair Corr
0.51	REPYY	Repsol SA	Pair Corr
0.5	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.39	EP	Empire Petroleum Corp	Pair Corr
0.73	LB	LandBridge Company	Pair Corr
0.71	NC	NACCO Industries	Pair Corr
0.69	DMLP	Dorchester Minerals	Pair Corr
0.65	VNOM	Viper Energy Ut	Pair Corr
0.64	TS	Tenaris SA ADR	Pair Corr
0.64	ENLC	EnLink Midstream LLC	Pair Corr
0.55	EFXT	Enerflex	Pair Corr
0.46	EPSN	Epsilon Energy	Pair Corr
0.43	HP	Helmerich and Payne	Pair Corr

Related Correlations Analysis

	DK	CAPL	VVV	SGU	DKL	CVI	PBF	SUN
DK		-0.37	-0.15	0.08	0.69	0.48	0.65	0.53	DK
CAPL	-0.37		0.0	0.0	-0.16	0.06	-0.07	-0.08	CAPL
VVV	-0.15	0.0		-0.24	-0.21	0.1	-0.08	-0.23	VVV
SGU	0.08	0.0	-0.24		0.0	-0.4	0.03	0.58	SGU
DKL	0.69	-0.16	-0.21	0.0		0.38	0.31	0.35	DKL
CVI	0.48	0.06	0.1	-0.4	0.38		0.79	-0.03	CVI
PBF	0.65	-0.07	-0.08	0.03	0.31	0.79		0.32	PBF
SUN	0.53	-0.08	-0.23	0.58	0.35	-0.03	0.32		SUN
	DK	CAPL	VVV	SGU	DKL	CVI	PBF	SUN

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PBF	+ 0.79	CVI
DKL	+ 0.69	DK
PBF	+ 0.65	DK
SUN	+ 0.58	SGU
SUN	+ 0.53	DK
CVI	+ 0.48	DK

High negative correlations

CVI	- 0.4	SGU
CAPL	- 0.37	DK
SGU	- 0.24	VVV
SUN	- 0.23	VVV
DKL	- 0.21	VVV
DKL	- 0.16	CAPL

Risk-Adjusted Indicators

There is a big difference between DINO Stock performing well and HF Sinclair Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze HF Sinclair's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DK	2.00	(0.16)	(0.05)	0.00	2.64	(2.07)	3.44	(3.90)	16.10
CAPL	1.07	0.06	(0.02)	0.31	1.14	(1.18)	2.88	(2.23)	6.12
VVV	1.19	(0.22)	0.00	(0.07)	0.00	0.00	2.34	(2.45)	13.07
SGU	1.40	0.12	0.05	0.34	1.33	(1.80)	3.36	(2.59)	9.70
DKL	1.09	0.15	(0.01)	(0.28)	2.22	(1.08)	2.84	(1.44)	16.59
CVI	2.57	(0.50)	0.00	(0.15)	0.00	0.00	3.99	(5.81)	28.93
PBF	1.84	(0.17)	0.00	(0.02)	0.00	0.00	3.52	(3.76)	15.94
SUN	1.06	0.05	(0.01)	0.21	1.01	(1.25)	3.30	(1.93)	5.70

HF Sinclair Corporate Management

John Harrison	VP Treasurer	Profile
Leldon Echols	Independent Director	Profile
Vaishali Bhatia	Senior Vice President General Counsel, Secretary	Profile
Eric Nitcher	Executive Counsel	Profile
Thomas Creery	President of Renewables	Profile
Valeria Pompa	Executive Operations	Profile

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