ASML Holding Correlations

ASML Stock

USD 966.57 14.47 1.47%

The current 90-days correlation between ASML Holding NV and Advanced Micro Devices is 0.27 (i.e., Modest 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

Very weak diversification

The correlation between ASML Holding NV and DJI is 0.41 (i.e., Very weak 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.

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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 industry.

Moving together with ASML Stock

0.62	DQ	Daqo New Energy	Pair Corr
0.91	MU	Micron Technology	Pair Corr
0.67	605111	Wuxi Nce Power	Pair Corr
0.87	VECO	Veeco Instruments	Pair Corr
0.83	603061	JHT Design	Pair Corr
0.86	688123	Giantec Semiconductor	Pair Corr
0.9	603986	GigaDevice SemiconductorBei	Pair Corr
0.62	688536	3Peak Inc	Pair Corr
0.8	WOLF	Wolfspeed	Pair Corr
0.83	AIP	Arteris	Pair Corr
0.77	AMD	Advanced Micro Devices	Pair Corr
0.76	ASX	ASE Industrial Holding	Pair Corr
0.68	CAN	Canaan Inc	Pair Corr
0.86	FORM	FormFactor	Pair Corr
0.79	CVV	CVD Equipment	Pair Corr

Moving against ASML Stock

0.76	300474	Changsha Jingjia Mic	Pair Corr
0.31	NA	Nano Labs	Pair Corr
0.77	002865	Hainan Drinda Automotive	Pair Corr
0.68	4DS	4DS Memory	Pair Corr
0.68	ADI	Analog Devices Earnings Call This Week	Pair Corr
0.64	SPRQ	Sparq Systems Earnings Call This Week	Pair Corr
0.55	301095	Semitronix Corp A	Pair Corr
0.49	ENPH	Enphase Energy	Pair Corr
0.68	ICG	Intchains Group Tech Boost	Pair Corr
0.36	601133	BOTH Engineering Tec	Pair Corr

Related Correlations Analysis

	AMD	MU	LRCX	KLAC	AMAT	SAP	QCOM	IBM	CSCO	TXN
AMD		0.87	0.84	0.79	0.84	-0.15	0.64	0.82	0.73	-0.74	AMD
MU	0.87		0.96	0.94	0.94	-0.42	0.74	0.95	0.78	-0.92	MU
LRCX	0.84	0.96		0.95	0.96	-0.31	0.77	0.96	0.68	-0.87	LRCX
KLAC	0.79	0.94	0.95		0.95	-0.3	0.85	0.95	0.64	-0.85	KLAC
AMAT	0.84	0.94	0.96	0.95		-0.25	0.72	0.93	0.67	-0.82	AMAT
SAP	-0.15	-0.42	-0.31	-0.3	-0.25		-0.16	-0.33	-0.61	0.57	SAP
QCOM	0.64	0.74	0.77	0.85	0.72	-0.16		0.81	0.48	-0.64	QCOM
IBM	0.82	0.95	0.96	0.95	0.93	-0.33	0.81		0.7	-0.87	IBM
CSCO	0.73	0.78	0.68	0.64	0.67	-0.61	0.48	0.7		-0.75	CSCO
TXN	-0.74	-0.92	-0.87	-0.85	-0.82	0.57	-0.64	-0.87	-0.75		TXN
	AMD	MU	LRCX	KLAC	AMAT	SAP	QCOM	IBM	CSCO	TXN

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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	+ 0.96	MU
AMAT	+ 0.96	LRCX
IBM	+ 0.96	LRCX
IBM	+ 0.95	MU
KLAC	+ 0.95	LRCX
AMAT	+ 0.95	KLAC

High negative correlations

TXN	- 0.92	MU
TXN	- 0.87	IBM
TXN	- 0.87	LRCX
TXN	- 0.85	KLAC
TXN	- 0.82	AMAT
TXN	- 0.75	CSCO

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
AMD	2.91	0.33	0.11	0.20	3.05	(3.41)	9.00	(6.58)	31.55
MU	2.90	0.86	0.23	0.42	3.01	(3.11)	6.46	(5.56)	19.80
LRCX	2.37	0.57	0.16	(1.41)	2.73	(2.43)	4.90	(5.02)	14.48
KLAC	1.92	0.31	0.13	0.23	2.20	(2.11)	4.30	(3.31)	12.45
AMAT	2.07	0.48	0.19	0.34	2.09	(2.25)	4.65	(3.25)	12.68
SAP	1.18	(0.22)	0.00	1.42	0.00	0.00	1.84	(3.22)	7.04
QCOM	1.57	0.03	0.03	0.06	2.20	(1.60)	2.52	(3.93)	15.45
IBM	1.30	0.29	0.19	0.27	1.35	(1.41)	2.42	(2.43)	11.09
CSCO	1.04	0.18	0.12	0.46	1.12	(1.15)	1.94	(1.88)	8.39
TXN	1.32	(0.37)	0.00	(0.30)	0.00	0.00	2.57	(3.98)	8.27

ASML Holding Corporate Executives

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

Marco Pieters

Executive CTO

Profile

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