DK vs MAMO: Correlation
Delek US Holdings, Inc. (DK) and Massimo Group (MAMO) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DK and MAMO?
Across a 3-year window, the weekly returns of DK and MAMO correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.26). Stretching to 5 years gives n/a, with an annualized covariance of -1285.8 %².
Among the 14 assets we track against DK, MAMO sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with DK ahead by 232.0 points (+165.9% versus -66.1%). Risk is not evenly split, since MAMO carries 1.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DK vs MAMO: side by side
| DK (Delek US Holdings, Inc.) | MAMO (Massimo Group) | |
|---|---|---|
| 1-year return | +165.9% | -66.1% |
| 5-year return | +392.8% | n/a |
| Volatility (ann.) | 54.6% | 87.3% |
| Beta vs S&P 500 | 0.53 | 0.53 |
| Max drawdown (3Y) | -63.6% | -83.6% |
| Market cap | $4.3B | – |
| P/E (trailing) | 19.3 | 10.0 |
| Dividend yield | 1.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DK | MAMO |
|---|---|---|
| 2022 | +84.0% | – |
| 2023 | -0.8% | – |
| 2024 | -25.0% | – |
| 2025 | +68.7% | +54.9% |
| 2026 | +140.7% | -74.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DK and MAMO good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DK and MAMO?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.43 over the last year and n/a over 5 years.
Is MAMO a good diversifier for DK?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DK correlations · MAMO correlations
