Southern Copper Correlations
SCCO Stock | USD 92.91 4.91 5.02% |
The current 90-days correlation between Southern Copper and First Quantum Minerals is 0.67 (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
Average diversification
The correlation between Southern Copper and DJI is 0.17 (i.e., Average 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.
Southern |
Moving together with Southern Stock
0.74 | AA | Alcoa Corp | PairCorr |
0.72 | AG | First Majestic Silver | PairCorr |
0.64 | IE | Ivanhoe Electric | PairCorr |
0.68 | NG | NovaGold Resources | PairCorr |
0.62 | OR | Osisko Gold Ro | PairCorr |
0.76 | RS | Reliance Steel Aluminum | PairCorr |
0.75 | SA | Seabridge Gold | PairCorr |
0.74 | TX | Ternium SA ADR | PairCorr |
0.74 | WS | Worthington Steel | PairCorr |
0.63 | BAK | Braskem SA Class | PairCorr |
0.71 | BTG | B2Gold Corp Aggressive Push | PairCorr |
0.77 | CLF | Cleveland Cliffs Downward Rally | PairCorr |
0.84 | CMC | Commercial Metals | PairCorr |
0.67 | DOW | Dow Inc Sell-off Trend | PairCorr |
0.76 | ERO | Ero Copper Corp | PairCorr |
0.89 | FCX | Freeport McMoran Copper Downward Rally | PairCorr |
0.66 | GAU | Galiano Gold | PairCorr |
0.76 | GGB | Gerdau SA ADR | PairCorr |
0.74 | HUN | Huntsman | PairCorr |
Moving against Southern Stock
Related Correlations Analysis
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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
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ERO | 2.09 | (0.25) | 0.00 | (0.36) | 0.00 | 3.66 | 13.08 | |||
HBM | 2.35 | (0.23) | 0.00 | (0.37) | 0.00 | 4.17 | 18.98 | |||
TGB | 2.30 | 0.08 | 0.03 | 0.16 | 2.74 | 4.50 | 11.66 | |||
ARREF | 1.39 | 0.03 | 0.02 | 0.13 | 1.66 | 2.68 | 8.58 | |||
CPPMF | 4.17 | (0.37) | 0.00 | (0.49) | 0.00 | 6.67 | 30.98 | |||
CSCCF | 2.18 | (0.24) | 0.00 | (0.51) | 0.00 | 4.72 | 12.31 | |||
LUNMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
NEVDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
CPPKF | 2.08 | (0.25) | 0.00 | (0.41) | 0.00 | 4.00 | 13.76 |