LOMA vs MO: Correlation
Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) and Altria (MO) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOMA and MO?
Over the past 3 years, LOMA and MO moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.24 over 3 years. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -248.8 %².
Among the 16 assets we track against LOMA, MO sits near the bottom by co-movement, at rank #14. On 12-month performance MO holds a 5.8-point edge, +3.0% against +8.8%. Note the risk asymmetry: LOMA runs 2.2 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.
LOMA vs MO: side by side
| LOMA (Loma Negra Compania Industrial Argentina Sociedad Anonima) | MO (Altria) | |
|---|---|---|
| 1-year return | +3.0% | +8.8% |
| 5-year return | +76.0% | +100.4% |
| Volatility (ann.) | 47.1% | 21.8% |
| Beta vs S&P 500 | 0.64 | -0.07 |
| Max drawdown (3Y) | -48.3% | -16.4% |
| Market cap | $1.1B | $113.0B |
| P/E (trailing) | 38.7 | 14.6 |
| Dividend yield | 0.00% | 6.13% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | LOMA | MO |
|---|---|---|
| 2022 | +26.6% | +4.4% |
| 2023 | +21.0% | -3.7% |
| 2024 | +68.4% | +40.8% |
| 2025 | +8.5% | +18.2% |
| 2026 | -25.3% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOMA and MO good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOMA and MO?
As of 2026-08-27, the correlation of weekly returns between LOMA and MO is -0.24 over 3 years, -0.45 over 1 year and -0.12 over 5 years.
Is MO a good diversifier for LOMA?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/loma-vs-mo.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: LOMA correlations · MO correlations
