ASML HOLDING Correlations

Stocks . Germany . 
Stock . ASML HOLDING NY
ASMF Stock  EUR 1,145  45.00  3.78%   
The current 90-days correlation between ASML HOLDING NY and Berkshire Hathaway is 0.03 (i.e., Significant diversification). The correlation of ASML HOLDING is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

ASML HOLDING Correlation With Market

Poor diversification

The correlation between ASML HOLDING NY and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASML HOLDING NY and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ASML HOLDING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASML HOLDING when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ASML HOLDING - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ASML HOLDING NY to buy it.

Moving together with ASML Stock

  0.631B1 ONCOARENDI THERAPPairCorr
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  0.84COX Colonial Coal InternPairCorr
  0.73PFE Pfizer IncPairCorr
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  0.87HU8 SOCAM DEVELOPMENT LTDPairCorr
  0.92SSUN Samsung ElectronicsPairCorr
  0.78WXF Hilltop HoldingsPairCorr
  0.91AISF Advanced Info ServicePairCorr
  0.922U0 SOGECLAIR SA INH Earnings Call This WeekPairCorr
  0.71CEXB CEMEXCPO(2SHS A+1SHSPairCorr
  0.91GD6 Ramsay Gnrale dePairCorr
  0.82KGHA KGHM Polska MiedzPairCorr
  0.8TOY TOYOPairCorr
  0.93GSR Gossan ResourcesPairCorr
  0.7WKU Aspire Mining LimitedPairCorr
  0.78VVDH VEOLIA ENV SPPairCorr
  0.89MYP MYR GroupPairCorr
  0.83NCYD TELE2 -B-PairCorr
  0.64BAC Verizon CommunicationsPairCorr
  0.78H1B Olympia FinancialPairCorr
  0.675IS Information ServicesPairCorr

Moving against ASML Stock

  0.653GRE CHATHAM ROCK PHOSPHATEPairCorr
  0.61W060 Byggmästare AndersPairCorr
  0.4255L TLOU ENERGY LTD Earnings Call This WeekPairCorr
  0.42AF4 HANOVER INSURANCEPairCorr
  0.68DBPD Xtrackers ShortDAXPairCorr
  0.62OBD Obducat ABPairCorr
  0.42777 EUROSPORTS GLOBAL LTDPairCorr
  0.31FR7 Fast RetailingPairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HYB
+ 0.85
0ZQ
N9B
+ 0.77
BRH
0JM
+ 0.54
0ZQ
HYB
+ 0.48
0JM
IDO1
+ 0.31
KKS
IDO1
+ 0.29
N9B
  

High negative correlations

N9B
- 0.69
0ZQ
HYB
- 0.63
KKS
0ZQ
- 0.6
BRH
HYB
- 0.58
IDO1
HYB
- 0.55
N9B
0ZQ
- 0.52
KKS

Risk-Adjusted Indicators

There is a big difference between ASML Stock performing well and ASML HOLDING Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ASML HOLDING's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ASML HOLDING without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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ASML HOLDING Corporate Executives

Elected by the shareholders, the ASML HOLDING's board of directors comprises two types of representatives: ASML HOLDING inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ASML. The board's role is to monitor ASML HOLDING's management team and ensure that shareholders' interests are well served. ASML HOLDING's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ASML HOLDING's outside directors are responsible for providing unbiased perspectives on the board's policies.
Roger DassenCFO VPProfile
Frederic SchneiderMaunouryCOO VPProfile
Marco PietersExecutive CTOProfile
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