ASML Holding Correlations

ASML Stock

USD 1,407 0.26 0.02%

The current 90-days correlation between ASML Holding NV and Advanced Micro Devices is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASML Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASML Holding NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ASML Holding Correlation With Market

Very poor diversification

The correlation between ASML Holding NV and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASML Holding NV and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ASML Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASML Holding NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with ASML Stock

0.87	DIOD	Diodes Incorporated Tech Boost	Pair Corr
0.82	AIX2	AIXTRON SE	Pair Corr
0.96	MU	Micron Technology Aggressive Push	Pair Corr
0.8	MX	MagnaChip Semiconductor Earnings Call This Week	Pair Corr
0.89	ON	ON Semiconductor Tech Boost	Pair Corr
0.83	AMK	Amkor Technology	Pair Corr
0.66	VECO	Veeco Instruments Earnings Call This Week	Pair Corr
0.97	ASM	ASM International	Pair Corr
0.91	ALKAL	Kalray SA	Pair Corr
0.81	TWA	TOWA	Pair Corr
0.9	KU1	Kulicke and Soffa	Pair Corr
0.88	TEY	Teradyne	Pair Corr
0.89	INL	Intel	Pair Corr
0.86	CTNK	Centrotherm International	Pair Corr
0.83	ENPH	Enphase Energy	Pair Corr
0.88	ANL	Analog Devices Earnings Call This Week	Pair Corr
0.96	ENTG	Entegris	Pair Corr
0.8	WAF	Siltronic AG	Pair Corr
0.96	ROM	ROHM Co	Pair Corr
0.93	2DQ	ASE TECHNHLDGCOLTD	Pair Corr
0.98	ASME	ASML Holding NV	Pair Corr
0.84	AIXA	AIXTRON SE	Pair Corr
0.97	ASMF	ASML HOLDING NY	Pair Corr
0.93	BSI	BE Semiconductor Ind Earnings Call This Week	Pair Corr
0.91	UMCB	United Microelectronics	Pair Corr

Moving against ASML Stock

0.84	DQ	Daqo New Energy	Pair Corr
0.78	5PZ	SOLTEC POWER HOLD Split	Pair Corr
0.73	L5A	Canadian Solar	Pair Corr
0.46	QCE	Global PVQ SE	Pair Corr
0.4	NA	Nano Labs	Pair Corr
0.78	FSLR	First Solar	Pair Corr
0.73	CAN	Canaan Inc	Pair Corr
0.54	ARM	Arm Holdings plc	Pair Corr
0.4	4DS	4DS Memory Earnings Call This Week	Pair Corr
0.32	XPER	Xperi Corp	Pair Corr

Related Correlations Analysis

	AMD	MU	LRCX	KLAC	AMAT	SAP	QCOM	IBM	CSCO	TXN
AMD		0.3	0.24	0.36	0.17	0.0	-0.11	0.16	-0.15	0.01	AMD
MU	0.3		0.98	0.91	0.93	-0.73	-0.68	-0.41	0.32	0.89	MU
LRCX	0.24	0.98		0.95	0.96	-0.67	-0.64	-0.36	0.28	0.88	LRCX
KLAC	0.36	0.91	0.95		0.93	-0.5	-0.54	-0.29	0.15	0.75	KLAC
AMAT	0.17	0.93	0.96	0.93		-0.67	-0.64	-0.38	0.34	0.9	AMAT
SAP	0.0	-0.73	-0.67	-0.5	-0.67		0.87	0.55	-0.58	-0.83	SAP
QCOM	-0.11	-0.68	-0.64	-0.54	-0.64	0.87		0.61	-0.5	-0.72	QCOM
IBM	0.16	-0.41	-0.36	-0.29	-0.38	0.55	0.61		-0.19	-0.41	IBM
CSCO	-0.15	0.32	0.28	0.15	0.34	-0.58	-0.5	-0.19		0.57	CSCO
TXN	0.01	0.89	0.88	0.75	0.9	-0.83	-0.72	-0.41	0.57		TXN
	AMD	MU	LRCX	KLAC	AMAT	SAP	QCOM	IBM	CSCO	TXN

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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

LRCX	+ 0.98	MU
AMAT	+ 0.96	LRCX
KLAC	+ 0.95	LRCX
AMAT	+ 0.93	MU
AMAT	+ 0.93	KLAC
KLAC	+ 0.91	MU

High negative correlations

TXN	- 0.83	SAP
SAP	- 0.73	MU
TXN	- 0.72	QCOM
QCOM	- 0.68	MU
SAP	- 0.67	AMAT
SAP	- 0.67	LRCX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMD	2.63	(0.26)	0.00	(0.13)	0.00	0.00	6.39	(5.29)	26.31
MU	3.57	0.74	0.19	0.57	3.47	(4.13)	9.94	(5.56)	20.06
LRCX	2.78	0.47	0.15	0.30	3.06	(3.05)	7.00	(5.07)	17.49
KLAC	2.39	0.22	0.07	0.17	3.64	(2.35)	5.69	(4.20)	22.94
AMAT	2.37	0.57	0.19	0.41	2.59	(2.53)	5.75	(4.08)	13.55
SAP	1.48	(0.34)	0.00	(0.35)	0.00	0.00	3.00	(3.33)	19.03
QCOM	1.45	(0.37)	0.00	(0.19)	0.00	0.00	2.32	(3.93)	11.98
IBM	1.58	(0.31)	0.00	(0.16)	0.00	0.00	2.61	(4.69)	11.62
CSCO	1.31	0.08	0.02	0.17	2.41	(1.40)	3.06	(2.35)	16.94
TXN	1.62	0.48	0.36	0.51	0.90	(2.10)	4.22	(2.24)	11.75

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.

Marco Pieters

Executive CTO

Profile

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