Compania Correlations

BVN Stock

USD 24.59 0.34 1.36%

The current 90-days correlation between Compania de Minas and Triple Flag Precious is 0.45 (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

Average diversification

The correlation between Compania de Minas 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 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 housing.

Moving together with Compania Stock

0.83	AA	Alcoa Corp	Pair Corr
0.88	MT	ArcelorMittal SA ADR	Pair Corr
0.87	TX	Ternium SA ADR	Pair Corr
0.89	VALE	Vale SA ADR	Pair Corr
0.87	KTN	Kootenay Silver	Pair Corr
0.97	MKO	Mako Mining Corp	Pair Corr
0.79	JINDALSTEL	Jindal Steel Power	Pair Corr
0.63	IMR	iMetal Resources	Pair Corr
0.88	CLF	Cleveland Cliffs Aggressive Push	Pair Corr
0.69	CMC	Commercial Metals Earnings Call This Week	Pair Corr
0.94	ERO	Ero Copper Corp	Pair Corr
0.94	EXK	Endeavour Silver Corp	Pair Corr
0.82	GGB	Gerdau SA ADR	Pair Corr
0.94	NEM	Newmont Goldcorp Corp Sell-off Trend	Pair Corr
0.88	TGB	Taseko Mines	Pair Corr
0.92	THM	International Tower Hill	Pair Corr
0.94	TRX	Tanzanian Royalty	Pair Corr
0.91	VGZ	Vista Gold	Pair Corr
0.86	MMY	Monument Mining Earnings Call Tomorrow	Pair Corr
0.92	ITH	International Tower Hill	Pair Corr
0.97	LN	Loncor Resources	Pair Corr
0.79	VISASTEEL	Visa Steel Limited	Pair Corr

Moving against Compania Stock

0.83	PKX	POSCO Holdings	Pair Corr
0.75	WOR	Worthington Industries	Pair Corr
0.63	ZEUS	Olympic Steel	Pair Corr
0.58	RS	Reliance Steel Aluminum	Pair Corr
0.49	CRS	Carpenter Technology	Pair Corr
0.42	FCX	Freeport McMoran Copper Aggressive Push	Pair Corr
0.4	300337	Yinbang Clad Material	Pair Corr
0.76	TM	Trigon Metals	Pair Corr
0.72	RAMASTEEL	Rama Steel Tubes	Pair Corr
0.67	CAF	Canaf Investments	Pair Corr
0.65	ADVWW	Advantage Solutions	Pair Corr
0.54	300881	Shengtak New Material	Pair Corr
0.5	PCTTW	PureCycle Technologies	Pair Corr
0.34	KALU	Kaiser Aluminum	Pair Corr
0.33	TRU	Trius Investments	Pair Corr

Related Correlations Analysis

	TFPM	MUX	EXK	HL	GFI	AU	HMY	IAG	AEM
TFPM		0.84	0.81	0.96	0.96	0.96	0.71	0.94	0.96	TFPM
MUX	0.84		0.93	0.9	0.86	0.91	0.78	0.93	0.9	MUX
EXK	0.81	0.93		0.88	0.87	0.88	0.83	0.92	0.88	EXK
HL	0.96	0.9	0.88		0.97	0.97	0.74	0.98	0.97	HL
GFI	0.96	0.86	0.87	0.97		0.98	0.78	0.97	0.99	GFI
AU	0.96	0.91	0.88	0.97	0.98		0.81	0.97	0.98	AU
HMY	0.71	0.78	0.83	0.74	0.78	0.81		0.79	0.77	HMY
IAG	0.94	0.93	0.92	0.98	0.97	0.97	0.79		0.98	IAG
AEM	0.96	0.9	0.88	0.97	0.99	0.98	0.77	0.98		AEM
	TFPM	MUX	EXK	HL	GFI	AU	HMY	IAG	AEM

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	1.56	0.40	0.22	(6.38)	1.40	(1.77)	3.00	(2.57)	11.81
MUX	2.62	0.93	0.33	21.81	2.10	(3.10)	6.61	(4.58)	23.92
EXK	2.78	0.56	0.17	0.58	2.69	(3.35)	6.85	(4.81)	23.90
HL	2.81	1.21	0.54	4.48	1.56	(3.59)	7.76	(3.49)	22.34
GFI	2.19	0.86	0.33	2.99	1.98	(2.59)	5.06	(3.61)	18.44
AU	2.09	0.70	0.31	1.32	1.95	(2.60)	5.42	(2.89)	15.78
HMY	2.62	0.00	0.12	0.00	3.12	(3.21)	7.48	(4.13)	22.36
IAG	2.14	0.93	0.34	1.10	1.87	(2.51)	5.56	(3.51)	14.86
AEM	1.33	0.51	0.31	1.64	1.21	(1.61)	4.20	(2.45)	9.55

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

2025 Macroaxis LLC