Compania Correlations

BVN Stock

USD 16.58 0.35 2.07%

The current 90-days correlation between Compania de Minas and Triple Flag Precious is 0.66 (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 good diversification

The correlation between Compania de Minas and DJI is -0.24 (i.e., Very good 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 real.

Moving together with Compania Stock

0.69	HL	Hecla Mining	Pair Corr
0.89	ASM	Avino Silver Gold Downward Rally	Pair Corr
0.9	MTA	Metalla Royalty Streaming Downward Rally	Pair Corr
0.87	MUX	McEwen Mining	Pair Corr
0.88	PLG	Platinum Group Metals	Pair Corr
0.87	LODE	Comstock Mining	Pair Corr
0.88	SBSW	Sibanye Gold	Pair Corr
0.68	SLSR	Solaris Resources	Pair Corr
0.92	TFPM	Triple Flag Precious	Pair Corr
0.83	B	Barrick Mining Earnings Call This Week	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr
0.94	AG	First Majestic Silver	Pair Corr
0.89	AU	AngloGold Ashanti plc	Pair Corr
0.73	CE	Celanese	Pair Corr
0.79	CF	CF Industries Holdings	Pair Corr
0.61	CX	Cemex SAB de Earnings Call This Week	Pair Corr
0.94	DC	Dakota Gold Corp	Pair Corr
0.8	IE	Ivanhoe Electric	Pair Corr
0.62	MP	MP Materials Corp Trending	Pair Corr
0.88	OR	Osisko Gold Ro	Pair Corr
0.79	RS	Reliance Steel Aluminum Earnings Call This Week	Pair Corr
0.92	SA	Seabridge Gold	Pair Corr
0.74	TX	Ternium SA ADR	Pair Corr

Moving against Compania Stock

0.35	ITRG	Integra Resources Corp	Pair Corr
0.69	FEAM	5E Advanced Materials	Pair Corr
0.67	WLKP	Westlake Chemical	Pair Corr
0.37	HYMCL	Hycroft Mining Holding	Pair Corr

Related Correlations Analysis

	TFPM	MUX	EXK	HL	GFI	AU	HMY	IAG	AEM
TFPM		0.78	0.81	0.73	0.9	0.93	-0.32	0.67	0.77	TFPM
MUX	0.78		0.95	0.7	0.69	0.78	-0.47	0.39	0.52	MUX
EXK	0.81	0.95		0.76	0.7	0.8	-0.47	0.41	0.54	EXK
HL	0.73	0.7	0.76		0.77	0.64	-0.07	0.73	0.74	HL
GFI	0.9	0.69	0.7	0.77		0.88	0.04	0.83	0.9	GFI
AU	0.93	0.78	0.8	0.64	0.88		-0.3	0.58	0.73	AU
HMY	-0.32	-0.47	-0.47	-0.07	0.04	-0.3		0.37	0.19	HMY
IAG	0.67	0.39	0.41	0.73	0.83	0.58	0.37		0.89	IAG
AEM	0.77	0.52	0.54	0.74	0.9	0.73	0.19	0.89		AEM
	TFPM	MUX	EXK	HL	GFI	AU	HMY	IAG	AEM

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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

EXK	+ 0.95	MUX
AU	+ 0.93	TFPM
GFI	+ 0.9	TFPM
AEM	+ 0.9	GFI
AEM	+ 0.89	IAG
AU	+ 0.88	GFI

High negative correlations

HMY	- 0.47	EXK
HMY	- 0.47	MUX
HMY	- 0.32	TFPM
HMY	- 0.3	AU
HMY	- 0.07	HL

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	1.70	0.26	0.00	(0.12)	2.55	(1.65)	3.04	(3.23)	12.21
MUX	2.25	0.53	0.13	(1.38)	2.32	(2.40)	5.88	(4.33)	20.09
EXK	2.96	0.56	0.10	(0.77)	2.91	(3.63)	7.57	(5.21)	18.77
HL	2.46	0.17	(0.02)	(0.05)	3.99	(2.52)	5.56	(4.37)	19.83
GFI	2.19	0.25	(0.02)	(0.05)	3.43	(1.93)	3.79	(5.09)	18.39
AU	2.53	0.41	0.03	(0.16)	3.20	(2.67)	4.87	(5.52)	17.34
HMY	2.50	(0.06)	0.00	0.17	0.00	0.00	4.34	(5.76)	16.37
IAG	2.45	0.10	0.00	0.03	0.00	0.00	5.24	(5.50)	19.01
AEM	1.75	0.17	(0.04)	(0.01)	2.63	(1.72)	2.86	(4.27)	13.49

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