Cementos Pacasmayo Correlations

CPAC Stock

USD 5.77 0.02 0.35%

The current 90-days correlation between Cementos Pacasmayo SAA and Summit Materials is -0.02 (i.e., Good diversification). The correlation of Cementos Pacasmayo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Cementos Pacasmayo Correlation With Market

Average diversification

The correlation between Cementos Pacasmayo SAA and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cementos Pacasmayo SAA 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 Cementos Pacasmayo SAA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Cementos Stock

0.38	USLM	United States Lime	Pair Corr
0.35	SMID	Smith Midland Corp	Pair Corr
0.32	RETO	ReTo Eco Solutions Downward Rally	Pair Corr
0.56	IE	Ivanhoe Electric	Pair Corr
0.32	EU	enCore Energy Corp	Pair Corr
0.59	FEAM	5E Advanced Materials	Pair Corr
0.31	ELBM	Electra Battery Materials	Pair Corr

Related Correlations Analysis

	SUM	EXP	USLM	JHX	CRH	MLM	VMC	MCEM	LOMA
SUM		-0.72	-0.85	-0.24	0.23	-0.65	-0.6	0.59	-0.72	SUM
EXP	-0.72		0.76	0.56	0.13	0.98	0.94	-0.37	0.68	EXP
USLM	-0.85	0.76		0.22	-0.41	0.74	0.63	-0.78	0.73	USLM
JHX	-0.24	0.56	0.22		0.34	0.58	0.59	0.1	0.13	JHX
CRH	0.23	0.13	-0.41	0.34		0.14	0.28	0.72	-0.15	CRH
MLM	-0.65	0.98	0.74	0.58	0.14		0.92	-0.39	0.65	MLM
VMC	-0.6	0.94	0.63	0.59	0.28	0.92		-0.18	0.63	VMC
MCEM	0.59	-0.37	-0.78	0.1	0.72	-0.39	-0.18		-0.49	MCEM
LOMA	-0.72	0.68	0.73	0.13	-0.15	0.65	0.63	-0.49		LOMA
	SUM	EXP	USLM	JHX	CRH	MLM	VMC	MCEM	LOMA

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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

MLM	+ 0.98	EXP
VMC	+ 0.94	EXP
VMC	+ 0.92	MLM
USLM	+ 0.76	EXP
MLM	+ 0.74	USLM
LOMA	+ 0.73	USLM

High negative correlations

USLM	- 0.85	SUM
MCEM	- 0.78	USLM
LOMA	- 0.72	SUM
EXP	- 0.72	SUM
MLM	- 0.65	SUM
VMC	- 0.6	SUM

Risk-Adjusted Indicators

There is a big difference between Cementos Stock performing well and Cementos Pacasmayo 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 Cementos Pacasmayo'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
SUM	0.58	0.17	0.26	(0.99)	0.34	(0.65)	1.54	(0.79)	9.88
EXP	1.40	(0.20)	0.00	(0.22)	0.00	0.00	2.71	(3.43)	7.34
USLM	1.92	(0.53)	0.00	(0.42)	0.00	0.00	3.40	(5.51)	9.59
JHX	1.75	(0.45)	0.00	(1.66)	0.00	0.00	3.40	(3.44)	12.30
CRH	1.63	0.06	0.02	0.01	2.14	(1.56)	3.68	(3.84)	10.53
MLM	1.18	(0.13)	0.00	(0.18)	0.00	0.00	2.66	(2.60)	6.66
VMC	1.30	(0.24)	0.00	(44.71)	0.00	0.00	2.09	(2.85)	9.19
MCEM	0.81	0.06	0.09	0.50	0.92	(0.89)	2.51	(1.44)	5.74
LOMA	2.62	(0.16)	0.00	(0.20)	0.00	0.00	5.19	(6.37)	13.80

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