Loma Negra Correlations

LOMA Stock

USD 11.16 0.11 0.98%

The current 90-days correlation between Loma Negra Compania and United States Lime is -0.09 (i.e., Good diversification). The correlation of Loma Negra 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.

Loma Negra Correlation With Market

Good diversification

The correlation between Loma Negra Compania and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loma Negra Compania and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loma Negra Compania. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Loma Stock

0.77	ZJK	ZJK Industrial Co,	Pair Corr
0.71	SMID	Smith Midland Corp	Pair Corr
0.61	CE	Celanese	Pair Corr
0.76	EU	enCore Energy Corp	Pair Corr
0.63	FF	FutureFuel Corp	Pair Corr

Moving against Loma Stock

0.46	CPAC	Cementos Pacasmayo SAA	Pair Corr
0.43	X	United States Steel	Pair Corr
0.64	MT	ArcelorMittal SA ADR	Pair Corr
0.49	DC	Dakota Gold Corp	Pair Corr
0.48	MP	MP Materials Corp	Pair Corr
0.47	NC	NACCO Industries	Pair Corr
0.42	AU	AngloGold Ashanti plc	Pair Corr
0.49	VALE	Vale SA ADR	Pair Corr
0.37	WLKP	Westlake Chemical	Pair Corr
0.35	TX	Ternium SA ADR	Pair Corr
0.32	RS	Reliance Steel Aluminum	Pair Corr

Related Correlations Analysis

	JHX	SUM	USLM	EXP	CPAC	VMC	MLM	MCEM	CRH
JHX		-0.19	0.22	0.56	0.26	0.59	0.58	0.16	0.34	JHX
SUM	-0.19		0.28	-0.13	-0.34	-0.2	-0.08	-0.45	-0.68	SUM
USLM	0.22	0.28		0.76	-0.38	0.63	0.74	-0.6	-0.41	USLM
EXP	0.56	-0.13	0.76		0.0	0.94	0.98	-0.2	0.13	EXP
CPAC	0.26	-0.34	-0.38	0.0		0.09	-0.03	0.67	0.57	CPAC
VMC	0.59	-0.2	0.63	0.94	0.09		0.92	-0.03	0.28	VMC
MLM	0.58	-0.08	0.74	0.98	-0.03	0.92		-0.24	0.14	MLM
MCEM	0.16	-0.45	-0.6	-0.2	0.67	-0.03	-0.24		0.71	MCEM
CRH	0.34	-0.68	-0.41	0.13	0.57	0.28	0.14	0.71		CRH
	JHX	SUM	USLM	EXP	CPAC	VMC	MLM	MCEM	CRH

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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
MLM	+ 0.92	VMC
EXP	+ 0.76	USLM
MLM	+ 0.74	USLM
CRH	+ 0.71	MCEM

High negative correlations

CRH	- 0.68	SUM
MCEM	- 0.6	USLM
MCEM	- 0.45	SUM
CRH	- 0.41	USLM
CPAC	- 0.38	USLM
CPAC	- 0.34	SUM

Risk-Adjusted Indicators

There is a big difference between Loma Stock performing well and Loma Negra 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 Loma Negra'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
JHX	1.75	(0.45)	0.00	(1.66)	0.00	0.00	3.40	(3.44)	12.30
SUM	0.19	0.10	0.88	3.29	0.00	(0.25)	0.69	(0.21)	2.25
USLM	1.92	(0.53)	0.00	(0.42)	0.00	0.00	3.40	(5.51)	9.59
EXP	1.40	(0.20)	0.00	(0.22)	0.00	0.00	2.71	(3.43)	7.34
CPAC	1.36	(0.04)	0.00	(0.21)	0.00	0.00	3.04	(2.90)	10.27
VMC	1.30	(0.24)	0.00	(44.71)	0.00	0.00	2.09	(2.85)	9.19
MLM	1.18	(0.13)	0.00	(0.18)	0.00	0.00	2.66	(2.60)	6.66
MCEM	0.84	0.05	0.08	(10.15)	0.94	(0.94)	2.51	(1.44)	5.74
CRH	1.63	0.06	0.02	0.01	2.14	(1.56)	3.68	(3.84)	10.53

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