Compania Correlations
| BVN Stock | USD 9.58 0.04 0.42% |
The correlation of Compania is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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 tightly coupled with the direction of predictive economic indicators such as signals in housing. Compania |
The ability to find closely correlated positions to Compania could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compania when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Compania - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Compania De Minas to buy it.
Moving together with Compania Stock
| + | 0.84 | HL | Hecla Mining | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.75 | GATO | Gatos Silver | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.82 | GROY | Gold Royalty Corp | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.88 | SILV | SilverCrest Metals | Fiscal Quarter End 31st of December 2023 | PairCorr |
Moving against Compania Stock
| - | 0.63 | CF | CF Industries Holdings | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.45 | PPTA | Perpetua Resources Corp | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.44 | MPVDF | Mountain Province | Fiscal Quarter End 31st of December 2023 | PairCorr |
Related Correlations Analysis
VOXR | EXK | MTA | MUX | PLG | GATO | GROY | ||
VOXR | 0.51 | 0.49 | 0.19 | 0.58 | 0.44 | 0.36 | VOXR | |
EXK | 0.51 | 0.73 | 0.27 | 0.85 | -0.06 | 0.09 | EXK | |
MTA | 0.49 | 0.73 | 0.27 | 0.69 | -0.04 | 0.45 | MTA | |
MUX | 0.19 | 0.27 | 0.27 | 0.15 | 0.23 | 0.61 | MUX | |
PLG | 0.58 | 0.85 | 0.69 | 0.15 | -0.01 | 0.11 | PLG | |
GATO | 0.44 | -0.06 | -0.04 | 0.23 | -0.01 | 0.6 | GATO | |
GROY | 0.36 | 0.09 | 0.45 | 0.61 | 0.11 | 0.6 | GROY | |
VOXR | EXK | MTA | MUX | PLG | GATO | GROY |
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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 | High negative correlations |
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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| VOXR | 1.81 | (0.05) | 0.00 | (0.33) | 0.00 | (0.0242) | 0.00 | 3.48 | (3.65) | 11.05 | |
| EXK | 2.40 | (0.39) | 0.00 | (0.23) | 0.00 | (0.12) | 0.00 | 4.74 | (5.37) | 15.07 | |
| MTA | 2.43 | (0.37) | 0.00 | (0.42) | 0.00 | (0.1) | 0.00 | 4.63 | (5.33) | 19.43 | |
| MUX | 2.84 | (0.07) | 0.00 | (0.02) | 0.00 | (0.0139) | 0.00 | 7.43 | (5.76) | 18.84 | |
| PLG | 2.15 | (0.10) | 0.00 | (0.07) | 0.00 | (0.0316) | 0.00 | 5.15 | (3.88) | 16.26 | |
| GATO | 2.72 | 0.47 | 0.16 | 0.31 | 2.71 | 0.14 | (3.11) | 7.17 | (4.97) | 16.00 | |
| GROY | 2.22 | 0.12 | 0.05 | 0.22 | 1.89 | 0.0405 | (3.63) | 5.47 | (3.17) | 13.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Compania without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Compania Corporate Directors
Compania corporate directors refer to members of a Compania board of directors. The board of directors generally takes responsibility for the Compania's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Compania's board members must vote for the resolution. The Compania board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Nicole Falen | Independent Director | Profile | |
| Jose Dasso | Director | Profile | |
| Alejandro Tassara | Director of Labour and Labour Union Relations | Profile | |
| Igor Galindo | VP of Operations, Director and Member of Nominating/Corporate Governance Committee | Profile |
Already Invested in Compania De Minas?
The danger of trading Compania De Minas is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Compania is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Compania. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Compania De Minas is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Compania De Minas offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Compania's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Compania De Minas Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Compania De Minas 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 tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Compania Stock analysis
When running Compania's price analysis, check to measure Compania's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Compania is operating at the current time. Most of Compania's value examination focuses on studying past and present price action to predict the probability of Compania's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compania's price. Additionally, you may evaluate how the addition of Compania to your portfolios can decrease your overall portfolio volatility.
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Is Compania's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Compania. If investors know Compania will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Compania listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.89) | Dividend Share 0.073 | Earnings Share 2.21 | Revenue Per Share 3.214 | Quarterly Revenue Growth 0.081 |
The market value of Compania De Minas is measured differently than its book value, which is the value of Compania that is recorded on the company's balance sheet. Investors also form their own opinion of Compania's value that differs from its market value or its book value, called intrinsic value, which is Compania's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Compania's market value can be influenced by many factors that don't directly affect Compania's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Compania's value and its price as these two are different measures arrived at by different means. Investors typically determine if Compania is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compania's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.