BBAR vs LOMA: Correlation
Banco BBVA Argentina S.A. (BBAR) and Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBAR and LOMA?
On 3 years of weekly data the BBAR/LOMA correlation comes out at 0.75, strong. The past 12 months show a tighter link (0.88) than the 3-year average (0.75). The 5-year figure is 0.69, and annualized covariance runs at 2469.7 %².
LOMA is one of the assets that tracks BBAR most closely: it ranks #2 out of the 17 assets we track against BBAR. Correlation aside, the last 12 months split them widely, with BBAR ahead by 17.6 points (+20.6% versus +3.0%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BBAR vs LOMA: side by side
| BBAR (Banco BBVA Argentina S.A.) | LOMA (Loma Negra Compania Industrial Argentina Sociedad Anonima) | |
|---|---|---|
| 1-year return | +20.6% | +3.0% |
| 5-year return | +356.0% | +76.0% |
| Volatility (ann.) | 70.3% | 47.1% |
| Beta vs S&P 500 | 1.06 | 0.64 |
| Max drawdown (3Y) | -66.3% | -48.3% |
| Market cap | $3.0B | $1.1B |
| P/E (trailing) | 15.9 | 38.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBAR | LOMA |
|---|---|---|
| 2022 | +34.6% | +26.6% |
| 2023 | +47.3% | +21.0% |
| 2024 | +315.7% | +68.4% |
| 2025 | -5.2% | +8.5% |
| 2026 | -17.7% | -25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBAR and LOMA good diversifiers for each other?
Only partially. A correlation of 0.75 means BBAR and LOMA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BBAR and LOMA?
As of 2026-08-27, the correlation of weekly returns between BBAR and LOMA is 0.75 over 3 years, 0.88 over 1 year and 0.69 over 5 years.
Is LOMA a good diversifier for BBAR?
Only partially. A correlation of 0.75 means BBAR and LOMA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbar-vs-loma.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbar-vs-loma/)
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Related comparisons
Hubs: BBAR correlations · LOMA correlations
