LOMA vs TEO: Correlation
Measured on weekly returns over the past three years, Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) and Telecom Argentina SA (TEO) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOMA and TEO?
Over the past 3 years, LOMA and TEO moved with a correlation of 0.64, which is strong. The past 12 months show a tighter link (0.80) than the 3-year average (0.64). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 1877.5 %².
By 3-year correlation, TEO places #4 of the 16 assets tracked against LOMA. Their recent paths diverged sharply: over the last 12 months TEO outperformed by 50.8 percentage points (+3.0% for LOMA against +53.8% for TEO).
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 TEO: side by side
| LOMA (Loma Negra Compania Industrial Argentina Sociedad Anonima) | TEO (Telecom Argentina SA) | |
|---|---|---|
| 1-year return | +3.0% | +53.8% |
| 5-year return | +76.0% | +180.0% |
| Volatility (ann.) | 47.1% | 62.0% |
| Beta vs S&P 500 | 0.64 | 0.67 |
| Max drawdown (3Y) | -48.3% | -54.0% |
| Market cap | $1.1B | – |
| P/E (trailing) | 38.7 | 10.9 |
| Dividend yield | 0.00% | 102.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOMA | TEO |
|---|---|---|
| 2022 | +26.6% | +14.3% |
| 2023 | +21.0% | +37.9% |
| 2024 | +68.4% | +79.3% |
| 2025 | +8.5% | -7.8% |
| 2026 | -25.3% | +12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOMA and TEO good diversifiers for each other?
To a limited degree. At 0.64 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 TEO?
As of 2026-08-27, the correlation of weekly returns between LOMA and TEO is 0.64 over 3 years, 0.80 over 1 year and 0.60 over 5 years.
Is TEO a good diversifier for LOMA?
To a limited degree. At 0.64 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 0.64 mean?
On the −1 to +1 scale, 0.64 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/loma-vs-teo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/loma-vs-teo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOMA correlations · TEO correlations
