ASML Holding Correlations

ASML Stock

USD 742.62 20.84 2.73%

The current 90-days correlation between ASML Holding NV and Applied Materials is 0.6 (i.e., Poor 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

Weak diversification

The correlation between ASML Holding NV and DJI is 0.3 (i.e., 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.

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 industry.

Moving together with ASML Stock

0.66	OLED	Universal Display	Pair Corr
0.67	SWKS	Skyworks Solutions	Pair Corr

Moving against ASML Stock

0.45	ICG	Intchains Group	Pair Corr
0.44	AMD	Advanced Micro Devices	Pair Corr
0.54	BZAI	Blaize Holdings, Common Symbol Change	Pair Corr
0.4	VHC	VirnetX Holding Corp	Pair Corr
0.39	AEHR	Aehr Test Systems Trending	Pair Corr
0.35	WDC	Western Digital	Pair Corr
0.32	EBON	Ebang International Tech Boost	Pair Corr

Related Correlations Analysis

	AMAT	KLAC	ACLS	TER	LRCX	AEHR	PLAB	KLIC	ENTG	IPGP
AMAT		0.79	0.25	-0.03	0.54	0.07	0.07	0.24	0.56	0.11	AMAT
KLAC	0.79		0.72	0.47	0.9	0.48	0.56	0.62	0.63	0.51	KLAC
ACLS	0.25	0.72		0.87	0.91	0.8	0.87	0.79	0.43	0.83	ACLS
TER	-0.03	0.47	0.87		0.76	0.82	0.89	0.62	0.16	0.87	TER
LRCX	0.54	0.9	0.91	0.76		0.72	0.8	0.79	0.58	0.78	LRCX
AEHR	0.07	0.48	0.8	0.82	0.72		0.87	0.55	0.44	0.93	AEHR
PLAB	0.07	0.56	0.87	0.89	0.8	0.87		0.75	0.43	0.92	PLAB
KLIC	0.24	0.62	0.79	0.62	0.79	0.55	0.75		0.58	0.66	KLIC
ENTG	0.56	0.63	0.43	0.16	0.58	0.44	0.43	0.58		0.47	ENTG
IPGP	0.11	0.51	0.83	0.87	0.78	0.93	0.92	0.66	0.47		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

IPGP	+ 0.93	AEHR
IPGP	+ 0.92	PLAB
LRCX	+ 0.91	ACLS
LRCX	+ 0.9	KLAC
PLAB	+ 0.89	TER
TER	+ 0.87	ACLS

High negative correlations

TER

- 0.03

AMAT

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	1.50	(0.08)	(0.03)	0.02	2.91	(1.53)	2.84	(2.73)	18.85
KLAC	1.37	0.11	0.03	0.28	2.56	(1.24)	2.85	(3.52)	12.25
ACLS	2.39	0.33	0.16	0.28	2.27	(2.75)	5.24	(4.00)	13.94
TER	1.96	0.46	0.30	0.42	1.39	(2.44)	5.54	(2.65)	21.93
LRCX	1.44	0.20	0.07	0.37	2.10	(1.43)	3.22	(3.98)	11.72
AEHR	5.56	1.29	0.29	0.52	4.58	(6.85)	13.00	(7.76)	42.00
PLAB	1.93	0.24	0.15	0.23	1.88	(2.10)	5.70	(3.86)	11.29
KLIC	1.76	0.08	0.08	0.17	1.48	(2.11)	3.88	(2.34)	12.39
ENTG	2.21	0.03	0.05	0.13	3.03	(2.53)	5.47	(4.21)	22.08
IPGP	1.59	0.12	0.10	0.18	1.62	(1.65)	3.71	(3.34)	7.43

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