LOMA vs PAM: Correlation
Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) and Pampa Energia S.A. (PAM) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOMA and PAM?
Across a 3-year window, the weekly returns of LOMA and PAM correlate at 0.73, strong. Lately the two have moved closer together, with the 1-year correlation at 0.89 versus 0.73 over 3 years. Stretching to 5 years gives 0.65, with an annualized covariance of 1551.1 %².
In LOMA's tracked universe of 16 assets, PAM sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months PAM outperformed by 19.4 percentage points (+3.0% for LOMA against +22.4% for PAM).
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 PAM: side by side
| LOMA (Loma Negra Compania Industrial Argentina Sociedad Anonima) | PAM (Pampa Energia S.A.) | |
|---|---|---|
| 1-year return | +3.0% | +22.4% |
| 5-year return | +76.0% | +339.3% |
| Volatility (ann.) | 47.1% | 45.3% |
| Beta vs S&P 500 | 0.64 | 0.38 |
| Max drawdown (3Y) | -48.3% | -40.4% |
| Market cap | $1.1B | $4.3B |
| P/E (trailing) | 38.7 | 7.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOMA | PAM |
|---|---|---|
| 2022 | +26.6% | +51.3% |
| 2023 | +21.0% | +55.0% |
| 2024 | +68.4% | +77.6% |
| 2025 | +8.5% | +0.6% |
| 2026 | -25.3% | -8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOMA and PAM good diversifiers for each other?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LOMA and PAM?
As of 2026-08-27, the correlation of weekly returns between LOMA and PAM is 0.73 over 3 years, 0.89 over 1 year and 0.65 over 5 years.
Is PAM a good diversifier for LOMA?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.73 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/loma-vs-pam.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/loma-vs-pam/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LOMA correlations · PAM correlations
