STMicroelectronics Correlations

STM Stock

USD 33.37 1.01 2.94%

The current 90-days correlation between STMicroelectronics NV ADR and ON Semiconductor is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as STMicroelectronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STMicroelectronics NV ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

STMicroelectronics Correlation With Market

Very poor diversification

The correlation between STMicroelectronics NV ADR 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 STMicroelectronics NV ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with STMicroelectronics Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STMicroelectronics NV ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with STMicroelectronics Stock

0.96	DIOD	Diodes Incorporated	Pair Corr
0.88	AIX2	AIXTRON SE	Pair Corr
0.86	MU	Micron Technology	Pair Corr
0.98	ON	ON Semiconductor	Pair Corr
0.76	AMK	Amkor Technology	Pair Corr
0.83	ASM	ASM International Earnings Call This Week	Pair Corr
0.87	ALKAL	Kalray SA	Pair Corr
0.66	TWA	TOWA	Pair Corr
0.96	KU1	Kulicke and Soffa	Pair Corr
0.7	8KH	TOREX SEMICONDUCTOR LTD	Pair Corr
0.95	TEY	Teradyne	Pair Corr
0.75	CTNK	Centrotherm International	Pair Corr
0.91	ENPH	Enphase Energy Downward Rally	Pair Corr
0.96	ANL	Analog Devices	Pair Corr
0.94	ENTG	Entegris	Pair Corr
0.72	WAF	Siltronic AG	Pair Corr
0.81	ROM	ROHM Co	Pair Corr
0.69	VNX	NXP Semiconductors	Pair Corr
0.94	2DQ	ASE TECHNHLDGCOLTD	Pair Corr
0.87	ASME	ASML Holding NV	Pair Corr
0.9	AIXA	AIXTRON SE	Pair Corr
0.87	ASMF	ASML HOLDING NY	Pair Corr
0.87	BSI	BE Semiconductor Ind	Pair Corr
0.75	UMCB	United Microelectronics	Pair Corr

Moving against STMicroelectronics Stock

0.74	L5A	Canadian Solar	Pair Corr
0.71	DQ	Daqo New Energy	Pair Corr
0.59	PI	Impinj Inc	Pair Corr
0.56	NA	Nano Labs	Pair Corr
0.4	CV3	Carpevigo Holding	Pair Corr
0.7	5PZ	SOLTEC POWER HOLD Split	Pair Corr
0.58	2DG	SIVERS SEMICONDUCTORS	Pair Corr

Related Correlations Analysis

	ON	UMC	GFS	JBL	VRSN	PTC	CHKP	SSNC	CDW	FLEX
ON		0.82	0.92	0.89	-0.75	-0.77	-0.72	-0.73	-0.68	0.44	ON
UMC	0.82		0.9	0.79	-0.44	-0.81	-0.65	-0.6	-0.76	0.37	UMC
GFS	0.92	0.9		0.85	-0.64	-0.8	-0.71	-0.71	-0.7	0.48	GFS
JBL	0.89	0.79	0.85		-0.71	-0.75	-0.71	-0.67	-0.63	0.56	JBL
VRSN	-0.75	-0.44	-0.64	-0.71		0.63	0.75	0.84	0.36	-0.28	VRSN
PTC	-0.77	-0.81	-0.8	-0.75	0.63		0.83	0.88	0.71	-0.18	PTC
CHKP	-0.72	-0.65	-0.71	-0.71	0.75	0.83		0.86	0.72	-0.07	CHKP
SSNC	-0.73	-0.6	-0.71	-0.67	0.84	0.88	0.86		0.5	-0.11	SSNC
CDW	-0.68	-0.76	-0.7	-0.63	0.36	0.71	0.72	0.5		-0.12	CDW
FLEX	0.44	0.37	0.48	0.56	-0.28	-0.18	-0.07	-0.11	-0.12		FLEX
	ON	UMC	GFS	JBL	VRSN	PTC	CHKP	SSNC	CDW	FLEX

Please upgrade your account to get full access to Macroaxis premium features

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

GFS	+ 0.92	ON
GFS	+ 0.9	UMC
JBL	+ 0.89	ON
SSNC	+ 0.88	PTC
SSNC	+ 0.86	CHKP
JBL	+ 0.85	GFS

High negative correlations

PTC	- 0.81	UMC
PTC	- 0.8	GFS
PTC	- 0.77	ON
CDW	- 0.76	UMC
PTC	- 0.75	JBL
VRSN	- 0.75	ON

Risk-Adjusted Indicators

There is a big difference between STMicroelectronics Stock performing well and STMicroelectronics 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 STMicroelectronics' 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
ON	2.13	0.51	0.25	0.48	1.82	(2.56)	5.11	(3.71)	16.50
UMC	2.33	0.72	0.18	(0.68)	2.29	(2.69)	7.50	(3.78)	24.73
GFS	2.47	0.53	0.19	0.82	2.22	(2.83)	5.77	(3.97)	19.79
JBL	1.87	0.40	0.15	0.42	2.38	(1.92)	4.42	(3.89)	12.47
VRSN	1.10	(0.15)	0.00	(1.84)	0.00	0.00	2.45	(2.96)	10.51
PTC	1.36	(0.23)	0.00	(0.11)	0.00	0.00	2.10	(3.38)	7.45
CHKP	1.48	(0.38)	0.00	(0.22)	0.00	0.00	2.25	(3.41)	9.44
SSNC	1.26	(0.24)	0.00	(0.11)	0.00	0.00	2.83	(2.40)	13.44
CDW	1.37	(0.27)	0.00	(0.10)	0.00	0.00	2.30	(3.58)	15.48
FLEX	2.32	0.12	0.05	0.21	3.01	(2.46)	5.23	(3.75)	19.07

STMicroelectronics Corporate Management

Jerome Ramel	Executive Communication	Profile
Michael Hummel	Executive Vice President Front-End Manufacturing, Analog and Power	Profile
Martine Verluyten	Independent Member of the Supervisory Board	Profile
Bertrand Stoltz	Executive Affairs	Profile
Rino Peruzzi	Americas Marketing	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC