Compania Correlations

BVN Stock

USD 12.06 0.22 1.79%

The current 90-days correlation between Compania de Minas and SilverCrest Metals is 0.58 (i.e., Very weak 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

Good diversification

The correlation between Compania de Minas and DJI is -0.05 (i.e., Good 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.

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 real.

Moving together with Compania Stock

0.85	HL	Hecla Mining	Pair Corr
0.73	VOXR	Vox Royalty Corp	Pair Corr
0.71	MUX	McEwen Mining	Pair Corr
0.66	CE	Celanese	Pair Corr
0.69	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.72	TX	Ternium SA ADR	Pair Corr

Moving against Compania Stock

0.43	ATLX	Atlas Lithium	Pair Corr
0.41	WS	Worthington Steel	Pair Corr

Related Correlations Analysis

	GROY	SILV	MUX	HL	ASM	MTA	NEWP	GATO
GROY		0.79	0.83	0.73	0.89	0.83	0.87	0.81	GROY
SILV	0.79		0.63	0.56	0.88	0.81	0.8	0.94	SILV
MUX	0.83	0.63		0.9	0.79	0.79	0.68	0.63	MUX
HL	0.73	0.56	0.9		0.66	0.72	0.51	0.6	HL
ASM	0.89	0.88	0.79	0.66		0.92	0.93	0.92	ASM
MTA	0.83	0.81	0.79	0.72	0.92		0.8	0.88	MTA
NEWP	0.87	0.8	0.68	0.51	0.93	0.8		0.85	NEWP
GATO	0.81	0.94	0.63	0.6	0.92	0.88	0.85		GATO
	GROY	SILV	MUX	HL	ASM	MTA	NEWP	GATO

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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
GROY	1.98	(0.08)	0.00	(0.94)	0.00	0.00	3.94	(4.49)	17.73
SILV	2.89	0.23	0.07	0.41	2.88	(3.52)	8.37	(4.82)	16.03
MUX	2.33	(0.23)	0.00	(0.21)	0.00	0.00	5.60	(5.30)	15.30
HL	2.43	(0.19)	0.00	(0.08)	0.00	0.00	5.92	(4.83)	14.22
ASM	3.17	0.19	0.04	0.35	3.77	(3.57)	9.09	(6.03)	21.90
MTA	2.64	0.19	0.03	0.60	3.29	(2.82)	6.98	(5.43)	20.05
NEWP	3.03	0.05	0.04	0.15	3.07	(4.25)	6.77	(4.49)	24.14
GATO	3.05	0.39	0.09	3.48	2.81	(3.43)	7.11	(5.14)	20.65

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