Southern Copper Correlations

SCCO Stock

USD 189.46 6.51 3.32%

The current 90-days correlation between Southern Copper and Rio Tinto ADR is 0.62 (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

Very poor diversification

The correlation between Southern Copper and DJI is 0.83 (i.e., Very poor 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 private.

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

Moving together with Southern Stock

0.81	B	Barrick Mining Symbol Change	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.88	AP	Ampco Pittsburgh	Pair Corr
0.85	AU	AngloGold Ashanti plc	Pair Corr
0.87	HL	Hecla Mining	Pair Corr
0.92	MT	ArcelorMittal SA ADR	Pair Corr
0.9	OR	Osisko Gold Ro	Pair Corr
0.96	RS	Reliance Steel Aluminum	Pair Corr
0.69	SA	Seabridge Gold	Pair Corr
0.94	TX	Ternium SA ADR	Pair Corr
0.89	WS	Worthington Steel	Pair Corr
0.97	VALE	Vale SA ADR Earnings Call This Week	Pair Corr
0.73	MARI	Marimaca Copper Corp	Pair Corr
0.82	LY1	Lion One Metals	Pair Corr
0.81	P4Q	Perseus Mining	Pair Corr
0.96	MKO	Mako Mining Corp	Pair Corr
0.87	CTM	Centaurus Metals	Pair Corr
0.61	REC	Recharge Metals	Pair Corr
0.91	RMS	Ramelius Resources	Pair Corr
0.83	QTWO	Q2 Metals Corp	Pair Corr
0.7	TWO	T2 Metals Corp	Pair Corr
0.86	WRR	Walker River Resources	Pair Corr
0.81	SBM	ST Barbara	Pair Corr
0.86	ROS	Roscan Gold Corp	Pair Corr
0.71	TXG	Torex Gold Resources	Pair Corr
0.9	RND	Rand Mining	Pair Corr
0.79	POL	Polymetals Resources	Pair Corr
0.86	RUP	Rupert Resources	Pair Corr
0.94	III	Imperial Metals	Pair Corr
0.72	AGI	Alamos Gold	Pair Corr
0.8	BTG	B2Gold Corp	Pair Corr
0.94	BVN	Compania de Minas	Pair Corr
0.88	CMC	Commercial Metals	Pair Corr
0.79	DRD	DRDGOLD Limited ADR Downward Rally	Pair Corr

Moving against Southern Stock

0.55

GML

Gateway Mining

Pair Corr

Related Correlations Analysis

	RIO	FCX	NEM	SHW	AEM	CRH	BHP	ECL	HBM	B
RIO		0.98	0.95	0.56	0.88	0.6	0.98	0.83	0.98	0.88	RIO
FCX	0.98		0.97	0.57	0.91	0.66	0.96	0.81	0.97	0.92	FCX
NEM	0.95	0.97		0.51	0.95	0.61	0.92	0.8	0.95	0.95	NEM
SHW	0.56	0.57	0.51		0.64	0.04	0.57	0.76	0.6	0.38	SHW
AEM	0.88	0.91	0.95	0.64		0.42	0.86	0.85	0.9	0.87	AEM
CRH	0.6	0.66	0.61	0.04	0.42		0.61	0.31	0.59	0.7	CRH
BHP	0.98	0.96	0.92	0.57	0.86	0.61		0.78	0.97	0.84	BHP
ECL	0.83	0.81	0.8	0.76	0.85	0.31	0.78		0.83	0.76	ECL
HBM	0.98	0.97	0.95	0.6	0.9	0.59	0.97	0.83		0.87	HBM
B	0.88	0.92	0.95	0.38	0.87	0.7	0.84	0.76	0.87		B
	RIO	FCX	NEM	SHW	AEM	CRH	BHP	ECL	HBM	B

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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
RIO	1.34	0.34	0.16	0.45	1.62	(1.38)	2.74	(3.52)	8.00
FCX	2.06	0.51	0.17	0.40	2.48	(2.09)	3.85	(4.27)	12.29
NEM	2.19	0.43	0.13	0.32	3.11	(2.32)	5.32	(5.64)	17.32
SHW	1.06	0.03	0.03	0.06	1.19	(1.11)	2.69	(2.10)	6.63
AEM	1.96	0.24	0.07	0.24	3.16	(1.85)	4.03	(4.58)	17.48
CRH	1.47	0.09	0.03	(0.39)	1.73	(1.62)	3.22	(3.04)	10.55
BHP	1.50	0.27	0.15	0.33	1.58	(1.67)	3.17	(2.42)	8.78
ECL	0.83	0.15	0.12	0.23	0.82	(0.85)	2.03	(1.50)	4.70
HBM	2.47	0.75	0.21	1.56	3.04	(2.82)	5.78	(5.81)	21.74
B	2.04	0.44	0.12	0.38	3.12	(2.08)	4.37	(4.58)	20.22

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