Compania Correlations

BVN Stock

USD 38.01 0.00 0.00%

The current 90-days correlation between Compania de Minas and Triple Flag Precious is 0.73 (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

Very poor diversification

The correlation between Compania de Minas and DJI is 0.86 (i.e., Very poor 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 manufacturing.

Moving together with Compania Stock

0.89	B	Barrick Mining Symbol Change	Pair Corr
0.88	BP60	ALMA METALS LTD	Pair Corr
0.89	AA	Alcoa Corp	Pair Corr
0.97	AG	First Majestic Silver Earnings Call This Week	Pair Corr
0.94	AP	Ampco Pittsburgh	Pair Corr
0.96	AU	AngloGold Ashanti plc Earnings Call This Week	Pair Corr
0.79	SRM	Seabridge Gold	Pair Corr
0.91	HL	Hecla Mining Earnings Call This Week	Pair Corr
0.92	MT	ArcelorMittal SA ADR Sell-off Trend	Pair Corr
0.61	NG	NovaGold Resources	Pair Corr
0.96	OR	Osisko Gold Ro	Pair Corr
0.96	RS	Reliance Steel Aluminum Earnings Call This Week	Pair Corr
0.69	WIA	WIA Gold	Pair Corr
0.81	SA	Seabridge Gold	Pair Corr
0.97	TX	Ternium SA ADR Earnings Call Next Week	Pair Corr
0.87	WS	Worthington Steel	Pair Corr
0.84	CUU	Copper Fox Metals	Pair Corr
0.96	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.68	ARI	Arika Resources	Pair Corr
0.81	SRK	Strike Resources	Pair Corr
0.69	GCN	Goldcliff Resource Corp	Pair Corr
0.83	LY1	Lion One Metals	Pair Corr
0.95	H6F	ARIZONA SONORAN PER	Pair Corr
0.89	DHR	Discovery Harbour Earnings Call Next Week	Pair Corr
0.69	DV	Dolly Varden Silver	Pair Corr
0.86	P4Q	Perseus Mining Earnings Call This Week	Pair Corr
0.93	ELY	Ely Gold Royalties	Pair Corr
0.98	WPM	Wheaton Precious Metals	Pair Corr
0.65	CVA	Cleveland Cliffs	Pair Corr

Moving against Compania Stock

0.84	R8R	REGENER8 Resources	Pair Corr
0.61	GML	Gateway Mining	Pair Corr
0.49	FHS	Freehill Mining	Pair Corr

Related Correlations Analysis

	TFPM	NGD	UFPI	EGO	AXTA	BTG	LPX	CLF	HBM	FSM
TFPM		0.93	0.66	0.92	0.78	0.85	0.77	0.69	0.84	0.95	TFPM
NGD	0.93		0.81	0.97	0.87	0.89	0.79	0.63	0.94	0.94	NGD
UFPI	0.66	0.81		0.79	0.8	0.75	0.9	0.39	0.88	0.71	UFPI
EGO	0.92	0.97	0.79		0.89	0.9	0.79	0.59	0.96	0.93	EGO
AXTA	0.78	0.87	0.8	0.89		0.77	0.77	0.63	0.9	0.84	AXTA
BTG	0.85	0.89	0.75	0.9	0.77		0.78	0.56	0.89	0.93	BTG
LPX	0.77	0.79	0.9	0.79	0.77	0.78		0.53	0.83	0.79	LPX
CLF	0.69	0.63	0.39	0.59	0.63	0.56	0.53		0.57	0.68	CLF
HBM	0.84	0.94	0.88	0.96	0.9	0.89	0.83	0.57		0.88	HBM
FSM	0.95	0.94	0.71	0.93	0.84	0.93	0.79	0.68	0.88		FSM
	TFPM	NGD	UFPI	EGO	AXTA	BTG	LPX	CLF	HBM	FSM

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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
TFPM	2.21	0.25	0.08	0.25	3.14	(2.30)	4.55	(5.36)	16.05
NGD	3.51	0.59	0.16	0.26	3.86	(4.02)	7.57	(5.50)	29.39
UFPI	1.28	0.29	0.24	0.34	0.94	(1.61)	3.85	(2.12)	7.57
EGO	2.51	0.77	0.21	0.70	3.07	(2.84)	5.90	(5.53)	17.36
AXTA	1.21	0.22	0.13	0.35	1.22	(1.29)	3.27	(2.53)	8.87
BTG	2.53	0.39	0.10	0.28	3.36	(2.80)	7.21	(5.42)	21.21
LPX	1.71	0.23	0.12	0.20	1.90	(1.92)	5.20	(3.12)	12.18
CLF	2.88	(0.03)	0.00	0.05	5.56	(2.36)	5.59	(7.09)	24.57
HBM	2.64	0.64	0.18	0.52	3.32	(2.98)	5.78	(5.81)	21.74
FSM	2.75	0.36	0.10	0.24	3.68	(2.97)	6.17	(5.17)	25.09

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