STMicroelectronics Correlations

STMEF Stock

USD 28.50 1.05 3.55%

The current 90-days correlation between STMicroelectronics and Microchip Technology is 0.44 (i.e., Very weak diversification). The correlation of STMicroelectronics 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.

STMicroelectronics Correlation With Market

Very poor diversification

The correlation between STMicroelectronics NV and DJI is 0.88 (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 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to STMicroelectronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STMicroelectronics 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 STMicroelectronics - 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 STMicroelectronics NV to buy it.

Moving together with STMicroelectronics Pink Sheet

0.9	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.89	MU	Micron Technology Aggressive Push	Pair Corr
0.72	INTC	Intel	Pair Corr
0.88	TXN	Texas Instruments Tech Boost	Pair Corr
0.85	ADI	Analog Devices	Pair Corr
0.84	URG	Ur Energy	Pair Corr
0.8	TRZBF	Transat AT	Pair Corr
0.92	SYNA	Synaptics Incorporated Earnings Call This Week	Pair Corr
0.7	ALTG	Alta Equipment Group	Pair Corr
0.91	SHERF	Sherritt International	Pair Corr
0.87	VLVLY	Volvo AB ADR	Pair Corr
0.74	FBIO	Fortress Biotech	Pair Corr
0.71	MGTC	Megatech Corp	Pair Corr
0.92	HBM	Hudbay Minerals	Pair Corr
0.71	KFII	KF Growth Acquisition	Pair Corr
0.75	KNYJF	KONE Oyj Earnings Call This Week	Pair Corr
0.65	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.69	JRVR	James River Group	Pair Corr
0.71	FND	Floor Decor Holdings	Pair Corr

Moving against STMicroelectronics Pink Sheet

0.59	ARM	Arm Holdings plc Earnings Call This Week	Pair Corr
0.46	AVGO	Broadcom Aggressive Push	Pair Corr
0.57	SONG	Music Licensing	Pair Corr

Related Correlations Analysis

	SLAB	POWI	DIOD	MXL	AMKR	MCHP	ON	NXPI	WOLF	LSCC
SLAB		0.78	0.87	0.91	0.9	0.94	0.92	0.93	0.07	0.91	SLAB
POWI	0.78		0.96	0.6	0.64	0.84	0.76	0.69	0.28	0.72	POWI
DIOD	0.87	0.96		0.73	0.71	0.9	0.83	0.8	0.3	0.79	DIOD
MXL	0.91	0.6	0.73		0.91	0.89	0.92	0.92	-0.09	0.91	MXL
AMKR	0.9	0.64	0.71	0.91		0.91	0.95	0.9	-0.26	0.92	AMKR
MCHP	0.94	0.84	0.9	0.89	0.91		0.96	0.95	-0.03	0.93	MCHP
ON	0.92	0.76	0.83	0.92	0.95	0.96		0.93	-0.13	0.96	ON
NXPI	0.93	0.69	0.8	0.92	0.9	0.95	0.93		-0.06	0.89	NXPI
WOLF	0.07	0.28	0.3	-0.09	-0.26	-0.03	-0.13	-0.06		-0.06	WOLF
LSCC	0.91	0.72	0.79	0.91	0.92	0.93	0.96	0.89	-0.06		LSCC
	SLAB	POWI	DIOD	MXL	AMKR	MCHP	ON	NXPI	WOLF	LSCC

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

DIOD	+ 0.96	POWI
ON	+ 0.96	MCHP
LSCC	+ 0.96	ON
ON	+ 0.95	AMKR
NXPI	+ 0.95	MCHP
MCHP	+ 0.94	SLAB

High negative correlations

WOLF	- 0.26	AMKR
WOLF	- 0.13	ON
WOLF	- 0.09	MXL
LSCC	- 0.06	WOLF
WOLF	- 0.06	NXPI
WOLF	- 0.03	MCHP

Risk-Adjusted Indicators

There is a big difference between STMicroelectronics Pink Sheet 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
SLAB	1.84	0.05	0.04	0.08	1.93	(2.11)	4.49	(3.26)	11.70
POWI	1.85	0.07	0.04	0.09	2.57	(1.87)	4.95	(3.75)	10.65
DIOD	1.95	0.03	0.02	0.07	2.87	(2.27)	5.26	(3.16)	17.49
MXL	2.62	0.27	0.10	0.18	3.10	(2.91)	6.20	(5.30)	15.00
AMKR	3.20	0.60	0.18	0.28	3.18	(3.54)	8.71	(6.31)	25.50
MCHP	2.08	0.28	0.16	0.19	1.79	(2.51)	6.14	(3.32)	15.07
ON	2.06	0.24	0.13	0.19	1.96	(2.46)	4.71	(4.13)	16.50
NXPI	1.73	0.04	0.04	0.08	1.81	(1.97)	4.62	(3.09)	12.56
WOLF	3.79	(0.73)	0.00	(0.74)	0.00	0.00	9.02	(7.83)	22.69
LSCC	2.15	0.23	0.09	0.18	2.69	(2.37)	5.21	(3.54)	16.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in STMicroelectronics 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.

Did you try this?

Run Theme Ratings Now

Theme Ratings

Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance

All Next

Launch Module

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