STMicroelectronics Correlations

STM Stock

USD 27.80 0.00 0.00%

The current 90-days correlation between STMicroelectronics NV ADR and ON Semiconductor is 0.72 (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 weak diversification

The correlation between STMicroelectronics NV ADR and DJI is 0.48 (i.e., Very weak 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 persons.

Moving together with STMicroelectronics Stock

0.73	MX	MagnaChip Semiconductor	Pair Corr
0.73	NXPI	NXP Semiconductors	Pair Corr
0.7	UCTT	Ultra Clean Holdings	Pair Corr
0.8	BA	Boeing	Pair Corr

Moving against STMicroelectronics Stock

0.52	AMZN	Amazon Inc	Pair Corr
0.33	MU	Micron Technology Aggressive Push	Pair Corr
0.33	TSEM	Tower Semiconductor	Pair Corr
0.31	AVGO	Broadcom	Pair Corr
0.7	MMM	3M Company	Pair Corr
0.67	KO	Coca Cola	Pair Corr
0.51	DD	Dupont De Nemours	Pair Corr
0.5	CSCO	Cisco Systems	Pair Corr
0.46	CAT	Caterpillar	Pair Corr
0.45	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.41	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	ON	UMC	GFS	JBL	VRSN	PTC	CHKP	SSNC	CDW	FLEX
ON		0.85	0.77	0.72	-0.26	-0.12	-0.24	0.45	-0.05	0.65	ON
UMC	0.85		0.77	0.8	-0.39	-0.26	-0.27	0.62	-0.2	0.61	UMC
GFS	0.77	0.77		0.62	-0.16	-0.18	-0.04	0.52	0.08	0.62	GFS
JBL	0.72	0.8	0.62		-0.47	-0.32	-0.09	0.64	-0.22	0.66	JBL
VRSN	-0.26	-0.39	-0.16	-0.47		0.55	0.36	-0.11	0.45	-0.54	VRSN
PTC	-0.12	-0.26	-0.18	-0.32	0.55		0.52	-0.34	0.85	-0.08	PTC
CHKP	-0.24	-0.27	-0.04	-0.09	0.36	0.52		0.03	0.63	0.05	CHKP
SSNC	0.45	0.62	0.52	0.64	-0.11	-0.34	0.03		-0.17	0.15	SSNC
CDW	-0.05	-0.2	0.08	-0.22	0.45	0.85	0.63	-0.17		0.07	CDW
FLEX	0.65	0.61	0.62	0.66	-0.54	-0.08	0.05	0.15	0.07		FLEX
	ON	UMC	GFS	JBL	VRSN	PTC	CHKP	SSNC	CDW	FLEX

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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

UMC	+ 0.85	ON
CDW	+ 0.85	PTC
JBL	+ 0.8	UMC
GFS	+ 0.77	ON
GFS	+ 0.77	UMC
JBL	+ 0.72	ON

High negative correlations

FLEX	- 0.54	VRSN
VRSN	- 0.47	JBL
VRSN	- 0.39	UMC
SSNC	- 0.34	PTC
PTC	- 0.32	JBL
CHKP	- 0.27	UMC

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	2.31	0.11	0.07	0.10	2.52	(2.71)	5.18	(4.32)	15.27
UMC	1.40	0.01	0.00	0.07	2.06	(1.29)	2.76	(3.14)	12.21
GFS	1.85	(0.04)	0.00	0.03	2.40	(1.87)	4.37	(3.71)	10.27
JBL	1.86	0.08	0.04	0.11	2.64	(1.83)	3.94	(5.07)	9.93
VRSN	1.05	(0.26)	0.00	(0.37)	0.00	0.00	1.93	(2.77)	7.38
PTC	1.05	(0.33)	0.00	(0.24)	0.00	0.00	1.48	(2.39)	11.28
CHKP	1.21	(0.25)	0.00	(0.24)	0.00	0.00	1.92	(2.65)	9.38
SSNC	0.99	(0.10)	0.00	(0.05)	0.00	0.00	1.85	(2.46)	7.41
CDW	1.31	(0.34)	0.00	(0.18)	0.00	0.00	1.92	(3.29)	10.43
FLEX	2.31	0.07	0.04	0.09	2.62	(2.49)	5.40	(4.33)	13.21

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

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