Compania Correlations

BVN Stock

USD 23.51 0.13 0.56%

The current 90-days correlation between Compania de Minas and Triple Flag Precious is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Compania moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compania de Minas moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Compania Correlation With Market

Significant diversification

The correlation between Compania de Minas and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compania de Minas and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Compania Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Compania de Minas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Compania Stock

0.88	B	Barrick Mining Symbol Change	Pair Corr
0.62	AA	Alcoa Corp Buyout Trend	Pair Corr
0.91	AU	AngloGold Ashanti plc Buyout Trend	Pair Corr
0.86	HL	Hecla Mining Aggressive Push	Pair Corr
0.83	MT	ArcelorMittal SA ADR	Pair Corr
0.76	OR	Osisko Gold Ro	Pair Corr
0.75	TX	Ternium SA ADR	Pair Corr
0.69	GML	Gateway Mining	Pair Corr
0.96	MKO	Mako Mining Corp	Pair Corr
0.78	CTM	Centaurus Metals	Pair Corr
0.82	REC	Recharge Metals	Pair Corr
0.69	QTWO	Q2 Metals Corp	Pair Corr
0.91	TWO	T2 Metals Corp	Pair Corr
0.69	TXG	Torex Gold Resources	Pair Corr
0.8	RND	Rand Mining	Pair Corr
0.86	POL	Polymetals Resources	Pair Corr
0.77	603969	Tianjin Silvery Dragon	Pair Corr
0.94	WDO	Wesdome Gold Mines	Pair Corr
0.94	AEM	Agnico Eagle Mines	Pair Corr
0.82	AGI	Alamos Gold	Pair Corr
0.86	BTG	B2Gold Corp Aggressive Push	Pair Corr
0.7	002295	Guangdong Jingyi Metal	Pair Corr
0.92	CDE	Coeur Mining Aggressive Push	Pair Corr
0.72	VSSL	Vardhman Special Steels	Pair Corr
0.94	DRD	DRDGOLD Limited ADR	Pair Corr
0.83	EGO	Eldorado Gold Corp	Pair Corr

Moving against Compania Stock

0.76	300337	Yinbang Clad Material	Pair Corr
0.74	RS	Reliance Steel Aluminum	Pair Corr
0.42	AML	Argus Metals Corp Earnings Call This Week	Pair Corr
0.47	FCX	Freeport McMoran Copper Aggressive Push	Pair Corr

Related Correlations Analysis

	TFPM	NGD	UFPI	EGO	AXTA	BTG	LPX	CLF	HBM	FSM
TFPM		0.62	-0.68	0.64	-0.57	0.67	-0.27	0.47	0.66	0.74	TFPM
NGD	0.62		-0.66	0.84	-0.66	0.66	-0.67	0.54	0.89	0.88	NGD
UFPI	-0.68	-0.66		-0.56	0.88	-0.61	0.67	-0.58	-0.79	-0.64	UFPI
EGO	0.64	0.84	-0.56		-0.59	0.75	-0.46	0.58	0.74	0.87	EGO
AXTA	-0.57	-0.66	0.88	-0.59		-0.66	0.62	-0.62	-0.78	-0.73	AXTA
BTG	0.67	0.66	-0.61	0.75	-0.66		-0.18	0.86	0.72	0.84	BTG
LPX	-0.27	-0.67	0.67	-0.46	0.62	-0.18		-0.11	-0.64	-0.45	LPX
CLF	0.47	0.54	-0.58	0.58	-0.62	0.86	-0.11		0.69	0.65	CLF
HBM	0.66	0.89	-0.79	0.74	-0.78	0.72	-0.64	0.69		0.85	HBM
FSM	0.74	0.88	-0.64	0.87	-0.73	0.84	-0.45	0.65	0.85		FSM
	TFPM	NGD	UFPI	EGO	AXTA	BTG	LPX	CLF	HBM	FSM

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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

HBM	+ 0.89	NGD
FSM	+ 0.88	NGD
AXTA	+ 0.88	UFPI
FSM	+ 0.87	EGO
CLF	+ 0.86	BTG
FSM	+ 0.85	HBM

High negative correlations

HBM	- 0.79	UFPI
HBM	- 0.78	AXTA
FSM	- 0.73	AXTA
UFPI	- 0.68	TFPM
LPX	- 0.67	NGD
BTG	- 0.66	AXTA

Risk-Adjusted Indicators

There is a big difference between Compania Stock performing well and Compania 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 Compania'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
TFPM	1.90	0.28	0.08	0.69	2.74	(1.94)	3.43	(3.84)	13.87
NGD	2.15	0.65	0.14	2.04	3.17	(2.34)	3.87	(5.93)	19.38
UFPI	1.17	(0.32)	0.00	(0.15)	0.00	0.00	2.18	(2.12)	11.12
EGO	1.99	0.31	0.08	0.66	3.05	(2.01)	4.20	(3.88)	16.16
AXTA	1.37	(0.17)	(0.07)	0.00	1.69	(1.34)	2.69	(2.76)	7.47
BTG	2.45	0.12	0.02	0.29	3.86	(2.29)	4.76	(5.88)	16.04
LPX	1.73	(0.49)	0.00	(0.17)	0.00	0.00	4.01	(3.59)	16.01
CLF	3.13	0.15	0.01	0.66	5.01	(3.06)	7.27	(7.18)	38.71
HBM	2.45	0.69	0.27	0.55	2.17	(2.94)	6.04	(4.87)	22.41
FSM	2.04	0.25	0.07	0.41	3.02	(2.06)	4.29	(4.58)	16.98

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