ASML Holding Correlations

ASMLF Stock

USD 1,450 11.17 0.76%

The current 90-days correlation between ASML Holding NV and SAP SE is 0.09 (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

Very poor diversification

The correlation between ASML Holding NV and DJI is 0.84 (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.

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 NV to buy it.

Moving together with ASML Pink Sheet

1.0	ASML	ASML Holding NV	Pair Corr
0.97	LRCX	Lam Research Corp	Pair Corr
0.97	AMAT	Applied Materials Tech Boost	Pair Corr
0.97	ENTG	Entegris	Pair Corr
0.92	KLAC	KLA Tencor	Pair Corr
0.96	TOELY	Tokyo Electron	Pair Corr
0.96	TOELF	Tokyo Electron	Pair Corr
0.89	TER	Teradyne	Pair Corr
0.98	ASMIY	ASM International	Pair Corr
0.92	FINN	First National	Pair Corr
0.66	HYMTF	Hyundai Motor	Pair Corr
0.83	SKM	SK Telecom	Pair Corr
0.76	SHG	Shinhan Financial	Pair Corr
0.7	CINGW	Cingulate Warrants	Pair Corr
0.69	BMBOY	Grupo Bimbo SAB Potential Growth	Pair Corr
0.83	SFNC	Simmons First National	Pair Corr
0.61	FTK	Flotek Industries	Pair Corr
0.95	MDALF	MDA	Pair Corr
0.62	ALLE	Allegion PLC Earnings Call This Week	Pair Corr
0.69	SPEG	Silver Pegasus Acqui	Pair Corr
0.71	GNTX	Gentex	Pair Corr
0.74	ACFN	Acorn Energy Common	Pair Corr
0.83	ULBI	Ultralife	Pair Corr
0.92	LYTS	LSI Industries	Pair Corr
0.66	EQR	Equity Residential	Pair Corr
0.9	PPCLY	PPC Ltd ADR	Pair Corr
0.89	SJ	Scienjoy Holding Corp	Pair Corr
0.74	PAZRF	Plaza Retail REIT Earnings Call This Week	Pair Corr
0.88	F-PC	Ford Motor	Pair Corr

Moving against ASML Pink Sheet

0.31	TKURF	Tokyu REIT	Pair Corr
0.36	MBOT	Microbot Medical Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SAPGF	ASMXF	ASMIY	TOELY	IFNNY	IFNNF	ATEYY	ADTTF	XFABF	LSRCF
SAPGF		-0.71	-0.72	-0.67	-0.62	-0.65	-0.82	-0.85	0.29	-0.82	SAPGF
ASMXF	-0.71		0.98	0.95	0.9	0.91	0.82	0.8	0.28	0.93	ASMXF
ASMIY	-0.72	0.98		0.96	0.93	0.94	0.85	0.81	0.28	0.93	ASMIY
TOELY	-0.67	0.95	0.96		0.95	0.95	0.85	0.79	0.25	0.9	TOELY
IFNNY	-0.62	0.9	0.93	0.95		0.99	0.84	0.74	0.32	0.85	IFNNY
IFNNF	-0.65	0.91	0.94	0.95	0.99		0.84	0.76	0.33	0.86	IFNNF
ATEYY	-0.82	0.82	0.85	0.85	0.84	0.84		0.93	-0.07	0.89	ATEYY
ADTTF	-0.85	0.8	0.81	0.79	0.74	0.76	0.93		-0.09	0.91	ADTTF
XFABF	0.29	0.28	0.28	0.25	0.32	0.33	-0.07	-0.09		0.07	XFABF
LSRCF	-0.82	0.93	0.93	0.9	0.85	0.86	0.89	0.91	0.07		LSRCF
	SAPGF	ASMXF	ASMIY	TOELY	IFNNY	IFNNF	ATEYY	ADTTF	XFABF	LSRCF

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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

IFNNF	+ 0.99	IFNNY
ASMIY	+ 0.98	ASMXF
TOELY	+ 0.96	ASMIY
TOELY	+ 0.95	ASMXF
IFNNY	+ 0.95	TOELY
IFNNF	+ 0.95	TOELY

High negative correlations

ADTTF	- 0.85	SAPGF
LSRCF	- 0.82	SAPGF
ATEYY	- 0.82	SAPGF
ASMIY	- 0.72	SAPGF
ASMXF	- 0.71	SAPGF
TOELY	- 0.67	SAPGF

Risk-Adjusted Indicators

There is a big difference between ASML Pink Sheet 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
SAPGF	1.68	(0.32)	0.00	(0.46)	0.00	0.00	3.19	(3.91)	17.08
ASMXF	2.01	0.52	0.14	0.63	1.86	(3.87)	5.23	(4.11)	17.49
ASMIY	2.16	0.49	0.22	0.42	1.93	(2.75)	7.17	(3.55)	14.43
TOELY	2.17	0.38	0.13	0.30	2.80	(2.22)	4.76	(3.65)	14.26
IFNNY	1.89	0.34	0.17	0.27	1.83	(2.17)	4.11	(3.21)	9.16
IFNNF	1.87	0.39	0.13	0.49	1.99	(2.55)	4.94	(3.65)	11.93
ATEYY	2.86	0.47	0.14	0.22	3.24	(3.17)	6.50	(7.55)	25.26
ADTTF	2.69	0.46	0.08	0.50	2.67	(8.58)	8.48	(6.49)	40.04
XFABF	1.34	0.02	0.00	0.09	2.13	(4.06)	5.14	(5.20)	21.37
LSRCF	1.26	0.58	0.00	(0.60)	0.00	0.00	5.31	(0.19)	14.15

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 Management

Skip Miller	VP Investor Relations Worldwide	Profile
Wayne Allan	Ex Support	Profile
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