Compania Correlations

BVN Stock

USD 15.46 0.07 0.45%

The current 90-days correlation between Compania de Minas and SilverCrest Metals is -0.04 (i.e., Good 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 0.12 (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.

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

0.68	GROY	Gold Royalty Corp Earnings Call This Week	Pair Corr
0.9	TFPM	Triple Flag Precious	Pair Corr
0.61	TX	Ternium SA ADR	Pair Corr

Moving against Compania Stock

0.48	LODE	Comstock Mining Buyout Trend	Pair Corr
0.41	ATLX	Atlas Lithium	Pair Corr
0.34	CF	CF Industries Holdings	Pair Corr
0.72	AMR	Alpha Metallurgical	Pair Corr
0.51	ELBM	Electra Battery Materials Buyout Trend	Pair Corr
0.42	FF	FutureFuel Corp	Pair Corr
0.42	ECVT	Ecovyst	Pair Corr
0.41	FEAM	5E Advanced Materials Trending	Pair Corr
0.4	ALB-PA	Albemarle	Pair Corr

Related Correlations Analysis

	GROY	SILV	MUX	HL	ASM	MTA	EXK	NEWP	GATO
GROY		-0.54	-0.4	0.6	0.78	0.81	0.72	0.05	0.0	GROY
SILV	-0.54		0.27	-0.45	-0.33	-0.65	-0.12	0.29	0.0	SILV
MUX	-0.4	0.27		0.22	-0.23	-0.1	-0.06	0.67	0.0	MUX
HL	0.6	-0.45	0.22		0.68	0.75	0.61	0.3	0.0	HL
ASM	0.78	-0.33	-0.23	0.68		0.59	0.85	0.15	0.0	ASM
MTA	0.81	-0.65	-0.1	0.75	0.59		0.54	0.19	0.0	MTA
EXK	0.72	-0.12	-0.06	0.61	0.85	0.54		0.45	0.0	EXK
NEWP	0.05	0.29	0.67	0.3	0.15	0.19	0.45		0.0	NEWP
GATO	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GATO
	GROY	SILV	MUX	HL	ASM	MTA	EXK	NEWP	GATO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	+ 0.85	ASM
MTA	+ 0.81	GROY
ASM	+ 0.78	GROY
MTA	+ 0.75	HL
EXK	+ 0.72	GROY
ASM	+ 0.68	HL

High negative correlations

MTA	- 0.65	SILV
SILV	- 0.54	GROY
HL	- 0.45	SILV
MUX	- 0.4	GROY
ASM	- 0.33	SILV
ASM	- 0.23	MUX

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
GROY	2.33	0.32	0.10	1.15	3.16	(2.57)	4.26	(3.38)	22.79
SILV	2.45	0.65	0.26	(3.30)	2.19	(2.81)	7.36	(4.07)	12.33
MUX	2.43	0.06	0.00	(0.01)	0.00	0.00	4.47	(4.58)	20.85
HL	2.31	0.20	0.05	0.20	3.89	(2.16)	5.44	(5.16)	21.73
ASM	4.15	0.98	0.22	0.97	4.00	(5.07)	8.65	(7.43)	24.89
MTA	2.57	0.38	0.16	0.47	2.34	(3.31)	6.69	(3.44)	14.48
EXK	3.42	0.38	0.10	2.47	3.95	(3.79)	8.31	(7.73)	25.80
NEWP	3.07	0.12	0.04	0.08	3.21	(3.91)	6.78	(5.45)	14.84
GATO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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

2024 Macroaxis LLC