Compania General Correlations

CGE Stock

CLP 255.00 0.00 0.00%

The current 90-days correlation between Compania General and Salfacorp is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Compania General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compania General de moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Compania General Correlation With Market

Pay attention - limited upside

The correlation between Compania General de and DJI is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compania General de and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Compania General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compania General when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Compania General - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Compania General de to buy it.

Moving against Compania Stock

0.87	ENAEX	Enaex SA Earnings Call This Week	Pair Corr
0.83	EMBONOR-B	Coca Cola Embonor	Pair Corr
0.82	LTM	LATAM Airlines Group	Pair Corr
0.81	BLUMAR	Blumar	Pair Corr
0.79	MOLLER	Moller Y Perez	Pair Corr
0.77	INGEVEC	Ingevec	Pair Corr
0.74	IAM	Inversiones Aguas	Pair Corr
0.71	ANTARCHILE	Antar Chile	Pair Corr
0.71	SQM-A	Sociedad Qumica y Earnings Call This Week	Pair Corr
0.69	BSANTANDER	Banco Santander Chile	Pair Corr
0.68	VENTANAS	Puerto Ventana	Pair Corr
0.67	FALABELLA	Falabella Earnings Call Today	Pair Corr
0.61	AAISA	Administradora Americana	Pair Corr
0.61	CEMARGOSCL	Cementos Argos SA	Pair Corr
0.58	BESALCO	Besalco Sa	Pair Corr
0.49	ANDINA-A	Embotelladora Andina	Pair Corr
0.46	PROVIDA	AFP Provida	Pair Corr
0.38	ANDINAA	Embotelladora Andina	Pair Corr

Related Correlations Analysis

	ENLASA	AAISA	ANDINAA	SALFACORP	CONCHATORO	SMSAAM	NITRATOS	CUPRUM	MASISA	CFI-DROIAE
ENLASA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ENLASA
AAISA	0.0		0.36	0.64	-0.13	0.36	0.73	-0.17	0.68	-0.76	AAISA
ANDINAA	0.0	0.36		0.6	-0.42	0.08	0.51	-0.03	-0.14	-0.4	ANDINAA
SALFACORP	0.0	0.64	0.6		-0.68	0.16	0.91	-0.34	0.14	-0.61	SALFACORP
CONCHATORO	0.0	-0.13	-0.42	-0.68		-0.22	-0.64	0.35	0.37	0.34	CONCHATORO
SMSAAM	0.0	0.36	0.08	0.16	-0.22		0.19	0.02	0.23	-0.44	SMSAAM
NITRATOS	0.0	0.73	0.51	0.91	-0.64	0.19		-0.44	0.28	-0.65	NITRATOS
CUPRUM	0.0	-0.17	-0.03	-0.34	0.35	0.02	-0.44		-0.18	-0.01	CUPRUM
MASISA	0.0	0.68	-0.14	0.14	0.37	0.23	0.28	-0.18		-0.37	MASISA
CFI-DROIAE	0.0	-0.76	-0.4	-0.61	0.34	-0.44	-0.65	-0.01	-0.37		CFI-DROIAE
	ENLASA	AAISA	ANDINAA	SALFACORP	CONCHATORO	SMSAAM	NITRATOS	CUPRUM	MASISA	CFI-DROIAE

Please upgrade your account to get full access to Macroaxis premium features

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

NITRATOS	+ 0.91	SALFACORP
NITRATOS	+ 0.73	AAISA
MASISA	+ 0.68	AAISA
SALFACORP	+ 0.64	AAISA
SALFACORP	+ 0.6	ANDINAA
NITRATOS	+ 0.51	ANDINAA

High negative correlations

CFI-DROIAE	- 0.76	AAISA
CONCHATORO	- 0.68	SALFACORP
CFI-DROIAE	- 0.65	NITRATOS
NITRATOS	- 0.64	CONCHATORO
CFI-DROIAE	- 0.61	SALFACORP
CUPRUM	- 0.44	NITRATOS

Risk-Adjusted Indicators

There is a big difference between Compania Stock performing well and Compania General 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 General'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
ENLASA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AAISA	1.41	0.29	0.16	1.08	1.19	(1.83)	4.17	(2.38)	9.79
ANDINAA	0.73	0.00	(0.02)	0.05	1.29	(0.99)	2.61	(2.78)	8.08
SALFACORP	1.31	0.28	0.13	(1.37)	1.21	(1.59)	4.25	(2.29)	9.31
CONCHATORO	0.63	(0.11)	0.00	1.38	0.00	0.00	1.45	(1.37)	4.36
SMSAAM	0.62	0.09	0.01	5.31	0.78	(1.23)	2.03	(2.11)	6.27
NITRATOS	1.50	0.80	0.50	86.04	0.57	(2.06)	4.37	(2.06)	11.23
CUPRUM	2.57	0.07	(0.01)	(0.02)	3.92	(3.72)	6.53	(6.38)	26.34
MASISA	1.35	(0.01)	(0.01)	0.05	1.68	(1.98)	3.30	(3.16)	17.23
CFI-DROIAE	0.39	(0.20)	0.00	4.33	0.00	0.00	0.00	0.00	13.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in Compania General without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Risk-Return Analysis Now

Risk-Return Analysis

View associations between returns expected from investment and the risk you assume

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC