Compania Mina Correlations

BVN
 Stock
  

USD 5.87  0.29  5.20%   

The correlation of Compania Mina 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 Mina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compania Mina Buenaventura 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.
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The ability to find closely correlated positions to Compania Mina 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 Mina 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 Mina - 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 Mina Buenaventura to buy it.

Moving together with Compania Mina

0.9AUMNGolden MineralsPairCorr
0.8AXUAlexco Resource Corp Earnings Call  TomorrowPairCorr
0.86HYMCHycroft Mining HoldingPairCorr
0.87ITRGIntegra Resources CorpPairCorr
0.63MMXMaverix MetalsPairCorr
0.82MPVDFMountain ProvincePairCorr
0.85MTAMetalla Royalty AndPairCorr
0.95MUXMcewen MiningPairCorr
0.79AAAlcoa CorpPairCorr
0.62AAUAlmaden MineralsPairCorr
0.92ACHAluminum CorpPairCorr
0.93AEMAgnico-Eagle MinesPairCorr
0.66AFIIQArmstrong Flooring Earnings Call  ShortlyPairCorr
0.63AGFirst Majestic SilverPairCorr

Moving against Compania Mina

0.87AEHLAntelope Enterprise HldgPairCorr
0.67AAONAaon IncPairCorr
0.51ARECAmerican Resources CorpPairCorr
0.51ARLPAlliance ResourcePairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
BHPMUX
GECCJ
GECLF
CLFBHP
SCHWTJX
GESCHW
  
High negative correlations   
TJXMUX
WRCDFBHP
WRCDFMUX
SCHWMUX
TJXAAU
SCHWWRCDF

Compania Mina Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Compania Stock performing well and Compania Mina company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Compania Mina's multiple risk-adjusted performance indicators. 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
At Risk
Maximum
Drawdown
MUX 3.64 (0.66)  0.00 (0.77)  0.00 (0.15)  0.00  6.08 (7.95)  23.86 
AAU 2.92 (0.36)  0.00 (0.28)  0.00 (0.09)  0.00  4.55 (7.69)  18.41 
BHP 2.12 (0.04) (0.02)  0.03  2.38 (0.017) (2.53)  3.64 (4.07)  19.44 
CCJ 2.61  0.06  0.04  0.11  3.18  0.0381 (2.68)  6.38 (4.11)  17.30 
CLF 3.04 (0.35)  0.00 (0.09)  0.00 (0.07)  0.00  5.10 (6.68)  14.79 
TJX 1.66  0.24  0.11  0.40  1.75  0.1 (1.85)  4.22 (2.78)  12.88 
WRCDF 12.78  4.17  0.00 (0.93)  0.00  0.08  0.00  25.00  0.00  439.64 
SCHW 1.81  0.12  0.08  0.17  1.65  0.07 (2.02)  3.98 (2.95)  10.01 
GE 1.57  0.02  0.01  0.09  1.97  0.0141 (1.60)  3.33 (3.32)  8.85 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Compania Mina without increasing your portfolio risk or giving up 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.

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Compania Mina Corporate Directors

Compania Mina corporate directors refer to members of a Compania Mina board of directors. The board of directors generally takes responsibility for the Compania Mina'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 Mina's board members must vote for the resolution. The Compania Mina board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Nicole Falen - Independent DirectorProfile
Jose Dasso - DirectorProfile
Alejandro Tassara - Director of Labour and Labour Union RelationsProfile
Igor Galindo - VP of Operations, Director and Member of Nominating/Corporate Governance CommitteeProfile

Invested in Compania Mina Buenaventura?

You need to understand the risk of investing before taking a position in Compania Mina. The danger of trading Compania Mina Buenaventura 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 Mina 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 Mina. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Compania Mina Buenav 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.
Continue to Trending Equities. Note that the Compania Mina Buenav information on this page should be used as a complementary analysis to other Compania Mina's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Compania Stock analysis

When running Compania Mina Buenav price analysis, check to measure Compania Mina'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 Mina is operating at the current time. Most of Compania Mina's value examination focuses on studying past and present price action to predict the probability of Compania Mina's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Compania Mina's price. Additionally, you may evaluate how the addition of Compania Mina to your portfolios can decrease your overall portfolio volatility.
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Is Compania Mina'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 Mina. 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 Mina 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 YOY
37.86
Market Capitalization
1.5 B
Quarterly Revenue Growth YOY
-0.38
Return On Assets
-0.0021
Return On Equity
0.0625
The market value of Compania Mina Buenav 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 Mina's value that differs from its market value or its book value, called intrinsic value, which is Compania Mina'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 Mina's market value can be influenced by many factors that don't directly affect Compania Mina'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 Mina's value and its price as these two are different measures arrived at by different means. Investors typically determine Compania Mina value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compania Mina'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.