STMicroelectronics Correlations

STMN34 Stock

119.96 0.00 0.00%

The current 90-days correlation between STMicroelectronics and Seagate Technology Holdings is -0.1 (i.e., Good 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.

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 Stock

0.79	N1OW34	ServiceNow Split	Pair Corr
0.69	IFCM3	Infracommerce CXaaS Split	Pair Corr
0.82	NFLX34	Netflix Split	Pair Corr

Moving against STMicroelectronics Stock

0.72	MUTC34	Micron Technology	Pair Corr
0.61	DEXP3	Dexxos Participaes Split	Pair Corr
0.54	CLSC4	Centrais Eltricas	Pair Corr
0.46	LWSA3	Locaweb Servios de	Pair Corr
0.44	VFCO34	VF Corporation	Pair Corr
0.37	AVGO34	Broadcom	Pair Corr

Related Correlations Analysis

	TOPP11	GOAU4	RSUL4	S1TX34	P1YC34	A1LG34	HOME34
TOPP11		0.91	0.49	0.78	-0.64	0.87	-0.54	TOPP11
GOAU4	0.91		0.52	0.87	-0.78	0.93	-0.63	GOAU4
RSUL4	0.49	0.52		0.43	-0.44	0.45	-0.35	RSUL4
S1TX34	0.78	0.87	0.43		-0.75	0.81	-0.58	S1TX34
P1YC34	-0.64	-0.78	-0.44	-0.75		-0.68	0.91	P1YC34
A1LG34	0.87	0.93	0.45	0.81	-0.68		-0.59	A1LG34
HOME34	-0.54	-0.63	-0.35	-0.58	0.91	-0.59		HOME34
	TOPP11	GOAU4	RSUL4	S1TX34	P1YC34	A1LG34	HOME34

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

A1LG34	+ 0.93	GOAU4
GOAU4	+ 0.91	TOPP11
HOME34	+ 0.91	P1YC34
A1LG34	+ 0.87	TOPP11
S1TX34	+ 0.87	GOAU4
A1LG34	+ 0.81	S1TX34

High negative correlations

P1YC34	- 0.78	GOAU4
P1YC34	- 0.75	S1TX34
A1LG34	- 0.68	P1YC34
P1YC34	- 0.64	TOPP11
HOME34	- 0.63	GOAU4
HOME34	- 0.59	A1LG34

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
TOPP11	0.68	0.16	0.11	(74.88)	0.67	(0.76)	1.51	(1.17)	6.65
GOAU4	1.07	0.38	0.26	2.75	0.81	(1.28)	2.63	(1.87)	7.02
RSUL4	1.27	(0.01)	(0.01)	0.04	2.33	(1.11)	2.85	(3.53)	12.20
S1TX34	3.31	0.24	0.09	0.16	3.44	(3.92)	8.07	(6.56)	28.72
P1YC34	1.55	(0.45)	0.00	51.99	0.00	0.00	1.74	(4.27)	14.93
A1LG34	0.94	0.40	0.20	5.29	0.00	(2.02)	3.45	(1.38)	11.23
HOME34	1.49	(0.17)	0.00	(2.34)	0.00	0.00	3.41	(2.95)	10.58

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.

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STMicroelectronics Corporate Management

Elected by the shareholders, the STMicroelectronics' board of directors comprises two types of representatives: STMicroelectronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of STMicroelectronics. The board's role is to monitor STMicroelectronics' management team and ensure that shareholders' interests are well served. STMicroelectronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, STMicroelectronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Celine Berthier	Group Relations	Profile
Marco Cassis	MEMS Analog	Profile
Rajita DSouza	CHRO Responsibility	Profile
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Steven Rose	Pres Counsel	Profile
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