Southern Copper Correlations

SCCO Stock

USD 136.79 1.73 1.25%

The current 90-days correlation between Southern Copper and Rio Tinto ADR is 0.7 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern Copper moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Southern Copper Correlation With Market

Weak diversification

The correlation between Southern Copper and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southern Copper and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Southern Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Copper. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

To learn how to invest in Southern Stock, please use our How to Invest in Southern Copper guide.

Moving together with Southern Stock

0.9	AA	Alcoa Corp	Pair Corr
0.88	ATCOL	Atlas Corp	Pair Corr
0.8	SHG	Shinhan Financial	Pair Corr
0.82	AVAL	Grupo Aval Earnings Call Today	Pair Corr
0.85	BCH	Banco De Chile	Pair Corr
0.7	BAC-PL	Bank of America	Pair Corr
0.75	BK	Bank of New York	Pair Corr
0.88	PATH	Uipath Inc	Pair Corr
0.66	GS	Goldman Sachs Group	Pair Corr
0.85	UEC	Uranium Energy Corp	Pair Corr
0.78	PLG	Platinum Group Metals Buyout Trend	Pair Corr
0.65	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.97	INTC	Intel	Pair Corr
0.62	CSCO	Cisco Systems Earnings Call Today	Pair Corr
0.68	DD	Dupont De Nemours	Pair Corr
0.72	BAC	Bank of America	Pair Corr
0.95	CAT	Caterpillar	Pair Corr

Moving against Southern Stock

0.88	GCMGW	GCM Grosvenor	Pair Corr
0.75	ADVWW	Advantage Solutions	Pair Corr
0.6	MAPSW	WM Technology	Pair Corr
0.52	PCTTW	PureCycle Technologies	Pair Corr
0.9	T	ATT Inc	Pair Corr
0.85	PG	Procter Gamble	Pair Corr
0.83	DIS	Walt Disney Earnings Call Today	Pair Corr
0.66	HD	Home Depot Earnings Call This Week	Pair Corr
0.56	MCD	McDonalds	Pair Corr
0.36	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	RIO	FCX	NEM	SHW	AEM	CRH	BHP	ECL	HBM	B
RIO		-0.4	0.7	-0.73	0.71	0.77	0.86	-0.47	0.86	0.73	RIO
FCX	-0.4		-0.33	0.54	-0.32	-0.33	-0.33	0.12	-0.34	-0.4	FCX
NEM	0.7	-0.33		-0.85	0.98	0.66	0.63	-0.3	0.9	0.92	NEM
SHW	-0.73	0.54	-0.85		-0.82	-0.65	-0.54	0.33	-0.83	-0.81	SHW
AEM	0.71	-0.32	0.98	-0.82		0.69	0.65	-0.36	0.92	0.94	AEM
CRH	0.77	-0.33	0.66	-0.65	0.69		0.76	-0.1	0.78	0.66	CRH
BHP	0.86	-0.33	0.63	-0.54	0.65	0.76		-0.25	0.76	0.62	BHP
ECL	-0.47	0.12	-0.3	0.33	-0.36	-0.1	-0.25		-0.43	-0.48	ECL
HBM	0.86	-0.34	0.9	-0.83	0.92	0.78	0.76	-0.43		0.91	HBM
B	0.73	-0.4	0.92	-0.81	0.94	0.66	0.62	-0.48	0.91		B
	RIO	FCX	NEM	SHW	AEM	CRH	BHP	ECL	HBM	B

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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

AEM	+ 0.98	NEM
B	+ 0.94	AEM
B	+ 0.92	NEM
HBM	+ 0.92	AEM
B	+ 0.91	HBM
HBM	+ 0.9	NEM

High negative correlations

SHW	- 0.85	NEM
HBM	- 0.83	SHW
AEM	- 0.82	SHW
B	- 0.81	SHW
SHW	- 0.73	RIO
CRH	- 0.65	SHW

Risk-Adjusted Indicators

There is a big difference between Southern Stock performing well and Southern Copper 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 Southern Copper'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
RIO	1.05	0.13	0.08	0.31	1.10	(1.15)	2.27	(1.91)	7.68
FCX	1.94	(0.20)	(0.02)	0.02	3.95	(1.77)	3.85	(5.63)	20.70
NEM	1.84	0.44	0.10	53.28	2.87	(1.90)	4.54	(5.69)	14.04
SHW	1.06	(0.16)	0.00	(0.04)	0.00	0.00	2.53	(2.33)	7.93
AEM	1.68	0.35	0.08	(36.71)	2.50	(1.76)	4.03	(4.62)	13.27
CRH	1.11	(0.06)	(0.04)	0.07	0.97	(1.45)	2.70	(1.52)	6.18
BHP	1.13	(0.03)	(0.01)	0.10	1.28	(1.31)	2.66	(1.86)	8.41
ECL	0.95	(0.17)	0.00	(0.07)	0.00	0.00	1.59	(2.27)	6.35
HBM	2.47	0.69	0.28	0.55	2.14	(2.96)	6.04	(4.87)	22.41
B	2.02	0.62	0.19	0.88	2.29	(2.25)	4.33	(3.89)	19.01

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