CI vs LOMA: Correlation
How closely do Cigna (CI) and Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CI and LOMA?
Over the past 3 years, CI and LOMA moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.23). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -292.7 %².
By 3-year correlation, LOMA places #25 of the 30 assets tracked against CI. Over the last 12 months LOMA came out ahead by 8.4 percentage points (-5.4% against +3.0%). Note the risk asymmetry: LOMA runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CI vs LOMA: side by side
| CI (Cigna) | LOMA (Loma Negra Compania Industrial Argentina Sociedad Anonima) | |
|---|---|---|
| 1-year return | -5.4% | +3.0% |
| 5-year return | +46.7% | +76.0% |
| Volatility (ann.) | 26.7% | 47.1% |
| Beta vs S&P 500 | 0.22 | 0.64 |
| Max drawdown (3Y) | -32.1% | -48.3% |
| Market cap | $73.4B | $1.1B |
| P/E (trailing) | 11.6 | 38.7 |
| Dividend yield | 2.19% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CI | LOMA |
|---|---|---|
| 2022 | +46.7% | +26.6% |
| 2023 | -8.0% | +21.0% |
| 2024 | -6.3% | +68.4% |
| 2025 | +1.7% | +8.5% |
| 2026 | +2.0% | -25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CI and LOMA good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CI and LOMA?
The CI/LOMA correlation stands at -0.23 on a 3-year window (1 year: -0.43, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is LOMA a good diversifier for CI?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ci-vs-loma.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: CI correlations · LOMA correlations
