IVA vs LOMA: Correlation
Inventiva S.A. - American Depository Shares (IVA) and Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVA and LOMA?
Over the past 3 years, IVA and LOMA moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -711.7 %².
Out of 10 assets tracked against IVA, LOMA lands near the bottom at #9. Over the last 12 months LOMA came out ahead by 9.3 percentage points (-6.3% against +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.
IVA vs LOMA: side by side
| IVA (Inventiva S.A. - American Depository Shares) | LOMA (Loma Negra Compania Industrial Argentina Sociedad Anonima) | |
|---|---|---|
| 1-year return | -6.3% | +3.0% |
| 5-year return | -60.4% | +76.0% |
| Volatility (ann.) | 69.9% | 47.1% |
| Beta vs S&P 500 | 0.38 | 0.64 |
| Max drawdown (3Y) | -64.9% | -48.3% |
| Market cap | $1.2B | $1.1B |
| P/E (trailing) | – | 38.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVA | LOMA |
|---|---|---|
| 2022 | -67.3% | +26.6% |
| 2023 | +1.3% | +21.0% |
| 2024 | -52.6% | +68.4% |
| 2025 | +117.3% | +8.5% |
| 2026 | +5.4% | -25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVA and LOMA good diversifiers for each other?
Yes. With a correlation of -0.22, IVA and LOMA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IVA and LOMA?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.30 over the last year and -0.07 over 5 years.
Is LOMA a good diversifier for IVA?
Yes. With a correlation of -0.22, IVA and LOMA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iva-vs-loma.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iva-vs-loma/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IVA correlations · LOMA correlations
