ASML Holding Correlations

ASML Stock

USD 786.21 2.12 0.27%

The current 90-days correlation between ASML Holding NV and Applied Materials is -0.21 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASML Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASML Holding NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ASML Holding Correlation With Market

Good diversification

The correlation between ASML Holding NV and DJI is -0.13 (i.e., Good 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.

Build AI portfolio with ASML Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASML Holding NV. 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 ASML Stock

0.88	MU	Micron Technology Aggressive Push	Pair Corr
0.83	PI	Impinj Inc	Pair Corr
0.94	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.75	MRVL	Marvell Technology	Pair Corr
0.89	AVGO	Broadcom	Pair Corr
0.78	U	Unity Software Downward Rally	Pair Corr
0.79	AI	C3 Ai Inc	Pair Corr
0.78	ZM	Zoom Video Communications	Pair Corr
0.79	VRNS	Varonis Systems	Pair Corr
0.8	WDAY	Workday Earnings Call This Week	Pair Corr
0.95	EXTR	Extreme Networks	Pair Corr
0.7	CRM	Salesforce	Pair Corr
0.89	IBM	International Business	Pair Corr
0.79	NOW	ServiceNow	Pair Corr
0.84	PGY	Pagaya Technologies	Pair Corr
0.82	RNG	Ringcentral	Pair Corr
0.87	TTD	Trade Desk	Pair Corr
0.78	INTU	Intuit Inc	Pair Corr
0.84	IPGP	IPG Photonics	Pair Corr
0.75	ONTF	ON24 Inc	Pair Corr
0.92	QLYS	Qualys Inc	Pair Corr
0.89	SHOP	Shopify Class A	Pair Corr
0.82	SNOW	Snowflake	Pair Corr
0.74	BOSC	BOS Better Online	Pair Corr
0.82	FORTY	Formula Systems 1985	Pair Corr
0.9	CSCO	Cisco Systems	Pair Corr
0.73	NSFDF	NXT Energy Solutions	Pair Corr
0.67	LIDR	Aeye Inc	Pair Corr
0.67	VOD	Vodafone Group PLC Sell-off Trend	Pair Corr
0.85	FCO	Aberdeen Global IF	Pair Corr

Moving against ASML Stock

0.45	ZTLLF	Zonetail	Pair Corr
0.31	GLABF	Gemina Laboratories	Pair Corr

Related Correlations Analysis

	AMAT	KLAC	ACLS	TER	LRCX	AEHR	PLAB	KLIC	ENTG	IPGP
AMAT		0.96	0.93	0.48	0.96	0.75	0.28	0.47	0.08	0.81	AMAT
KLAC	0.96		0.92	0.51	0.97	0.84	0.17	0.45	0.0	0.83	KLAC
ACLS	0.93	0.92		0.63	0.96	0.77	0.37	0.59	0.22	0.82	ACLS
TER	0.48	0.51	0.63		0.61	0.56	0.64	0.95	0.76	0.71	TER
LRCX	0.96	0.97	0.96	0.61		0.81	0.29	0.57	0.15	0.9	LRCX
AEHR	0.75	0.84	0.77	0.56	0.81		-0.03	0.49	0.07	0.69	AEHR
PLAB	0.28	0.17	0.37	0.64	0.29	-0.03		0.71	0.8	0.43	PLAB
KLIC	0.47	0.45	0.59	0.95	0.57	0.49	0.71		0.86	0.68	KLIC
ENTG	0.08	0.0	0.22	0.76	0.15	0.07	0.8	0.86		0.33	ENTG
IPGP	0.81	0.83	0.82	0.71	0.9	0.69	0.43	0.68	0.33		IPGP
	AMAT	KLAC	ACLS	TER	LRCX	AEHR	PLAB	KLIC	ENTG	IPGP

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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

LRCX	+ 0.97	KLAC
KLAC	+ 0.96	AMAT
LRCX	+ 0.96	AMAT
LRCX	+ 0.96	ACLS
KLIC	+ 0.95	TER
ACLS	+ 0.93	AMAT

High negative correlations

PLAB	- 0.03	AEHR
ENTG	- 0.0	KLAC

Risk-Adjusted Indicators

There is a big difference between ASML Stock 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
AMAT	2.17	0.20	0.07	0.15	2.69	(2.42)	4.64	(5.25)	23.79
KLAC	2.32	0.36	0.13	0.23	2.74	(2.60)	4.87	(5.03)	23.93
ACLS	2.96	0.15	0.04	0.12	3.82	(3.18)	6.46	(5.57)	22.10
TER	2.48	0.06	0.00	(0.11)	3.23	(2.97)	6.03	(6.73)	25.89
LRCX	2.38	0.23	0.07	0.15	3.09	(2.52)	5.26	(4.82)	24.61
AEHR	4.05	0.72	0.15	(1.26)	4.02	(4.98)	7.81	(7.19)	36.40
PLAB	2.22	(0.19)	0.00	(0.08)	0.00	0.00	4.09	(4.13)	30.09
KLIC	2.11	0.03	0.00	(0.13)	3.40	(2.08)	3.22	(4.17)	24.63
ENTG	3.21	(0.12)	0.00	0.39	0.00	0.00	7.61	(6.25)	36.94
IPGP	2.52	0.16	0.04	0.12	4.14	(2.47)	5.41	(5.39)	28.70

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