Loma Negra Compañía Industrial Argentina Sociedad Anónima American Depositary Shares (ADSs), each representing five ordinary shares (LOMA) Correlation Distribution
Across 6,809 rolling correlation observations between Loma Negra Compañía Industrial Argentina Sociedad Anónima American Depositary Shares (ADSs), each representing five ordinary shares (LOMA) and other NASDAQ-listed stocks, 44.4% are positive and 55.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.015, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.4% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- 0.015
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44.4%
- Strong positive (≥0.7)
- 10.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 263 | 3.9% | |
| -0.6 to -0.5 | 263 | 3.9% | |
| -0.5 to -0.4 | 821 | 12.1% | |
| -0.4 to -0.3 | 820 | 12.0% | |
| -0.3 to -0.2 | 588 | 8.6% | |
| -0.2 to -0.1 | 588 | 8.6% | |
| -0.1 to 0.0 | 394 | 5.8% | |
| 0.0 to 0.1 | 394 | 5.8% | |
| 0.1 to 0.2 | 314 | 4.6% | |
| 0.2 to 0.3 | 314 | 4.6% | |
| 0.3 to 0.4 | 304 | 4.5% | |
| 0.4 to 0.5 | 303 | 4.4% | |
| 0.5 to 0.6 | 340 | 5.0% | |
| 0.6 to 0.7 | 340 | 5.0% | |
| 0.7 to 0.8 | 344 | 5.1% | |
| 0.8 to 0.9 | 343 | 5.0% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of LOMA?
Loma Negra Compañía Industrial Argentina Sociedad Anónima American Depositary Shares (ADSs), each representing five ordinary shares (LOMA) has an average correlation of about 0.015 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LOMA positively correlated with other stocks?
Not predominantly — 44.4% of pairs are positive and 55.6% are negative. Strong positive correlations (≥0.7) make up 10.4%.
What is the most common correlation range for LOMA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.1% of all pairs.
Explore the full interactive correlation distribution for LOMA.
Open interactive dashboard →