BMA Banco Macro S.A.

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

Same exposure: SUPV, BBAR move almost identically to BMA (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

BMA vs ARGT

Both indexed to 100 at 2026-05-11.

BMA ARGT · range 79–138 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

ARGT Global X MSCI Argentina ETF

ρ +0.82beyond mkt +0.77holdout +0.77stable 100%robust

PAM PAMPA ENERGIA S.A.

ρ +0.73beyond mkt +0.72holdout +0.55stable 100%robust

EDN Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

ρ +0.75beyond mkt +0.69holdout +0.78stable 100%robust

TGS Transportadora de Gas del Sur S.A. ADS

ρ +0.69beyond mkt +0.66holdout +0.58stable 100%robust

TEO Telecom Argentina S.A.

ρ +0.64beyond mkt +0.57holdout +0.60stable 100%robust

CAAP Corporacion America Airports S.A.

ρ +0.58beyond mkt +0.47holdout +0.53stable 100%robust

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.36beyond mkt -0.06holdout -0.38stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.34beyond mkt -0.04holdout -0.40stable 88%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

ABOS Acumen Pharmaceuticals, Inc. Common Stock

Δ -0.45recent -0.33prior +0.12beyond mkt -0.12

LION Lionsgate Studios Corp.

Δ +0.39recent +0.44prior +0.05beyond mkt -0.04

FRHC Freedom Holding Corp. Common Stock

Δ -0.39recent -0.04prior +0.34beyond mkt +0.16

CRML Critical Metals Corp. Ordinary Shares

Δ +0.37recent +0.44prior +0.07beyond mkt -0.09

NCEL NewcelX Ltd. Ordinary Shares

Δ +0.35recent +0.35prior -0.01beyond mkt -0.05

VIVS VivoSim Labs, Inc. Common Stock

Δ +0.34recent +0.38prior +0.05beyond mkt -0.02

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
ARGT Global X MSCI Argentina ETF	+0.77	+0.82	19
TGS Transportadora de Gas del Sur S.A. ADS	+0.66	+0.69	22
PAM PAMPA ENERGIA S.A.	+0.72	+0.73	23
EDN Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)	+0.69	+0.75	23
CAAP Corporacion America Airports S.A.	+0.47	+0.58	21
VIST Vista Energy S.A.B. de C.V.	+0.46	+0.42	21