ASML Holding Correlations

ASML Stock

USD 1,067 7.59 0.72%

The current 90-days correlation between ASML Holding NV and Advanced Micro Devices is 0.19 (i.e., Average 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.

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

0.77	DQ	Daqo New Energy Tech Boost	Pair Corr
0.97	MU	Micron Technology Aggressive Push	Pair Corr
0.62	MX	MagnaChip Semiconductor	Pair Corr
0.72	PI	Impinj Inc	Pair Corr
0.76	605111	Wuxi Nce Power	Pair Corr
0.92	VECO	Veeco Instruments Earnings Call Tomorrow	Pair Corr
0.89	603061	JHT Design	Pair Corr
0.72	688099	Amlogic Shanghai Co	Pair Corr
0.82	688515	Motorcomm Electronic	Pair Corr
0.88	688123	Giantec Semiconductor	Pair Corr
0.93	603986	GigaDevice SemiconductorBei	Pair Corr
0.7	688536	3Peak Inc	Pair Corr
0.62	688049	Actions Technology Split	Pair Corr
0.87	ENTG	Entegris Earnings Call Today	Pair Corr
0.84	WOLF	Wolfspeed Earnings Call Today	Pair Corr
0.78	AIP	Arteris Earnings Call Today	Pair Corr
0.69	AMD	Advanced Micro Devices Earnings Call Today	Pair Corr
0.82	ARM	Arm Holdings plc Earnings Call Tomorrow	Pair Corr
0.82	ASX	ASE Industrial Holding Trending	Pair Corr
0.8	CAN	Canaan Inc	Pair Corr
0.9	FORM	FormFactor Trending	Pair Corr
0.62	688689	Changzhou Galaxy Century	Pair Corr

Moving against ASML Stock

0.85	4DS	4DS Memory	Pair Corr
0.64	002865	Hainan Drinda Automotive	Pair Corr
0.61	300474	Changsha Jingjia Mic	Pair Corr
0.58	SPRQ	Sparq Systems	Pair Corr
0.9	IQE	IQE PLC	Pair Corr
0.83	VLN	Valens Earnings Call Tomorrow	Pair Corr
0.79	ICG	Intchains Group	Pair Corr
0.76	TXN	Texas Instruments	Pair Corr
0.68	WEBELSOLAR	Websol Energy System	Pair Corr

Related Correlations Analysis

	AMD	LRCX	SAP	MU	KLAC	AMAT	TXN	PLTR	CSCO	QCOM
AMD		0.76	0.01	0.8	0.73	0.81	-0.68	0.64	0.8	0.56	AMD
LRCX	0.76		-0.35	0.98	0.98	0.94	-0.81	0.74	0.61	0.85	LRCX
SAP	0.01	-0.35		-0.37	-0.3	-0.07	0.22	-0.02	0.16	-0.55	SAP
MU	0.8	0.98	-0.37		0.95	0.91	-0.82	0.71	0.63	0.84	MU
KLAC	0.73	0.98	-0.3	0.95		0.93	-0.82	0.78	0.64	0.86	KLAC
AMAT	0.81	0.94	-0.07	0.91	0.93		-0.82	0.81	0.69	0.67	AMAT
TXN	-0.68	-0.81	0.22	-0.82	-0.82	-0.82		-0.75	-0.58	-0.6	TXN
PLTR	0.64	0.74	-0.02	0.71	0.78	0.81	-0.75		0.73	0.55	PLTR
CSCO	0.8	0.61	0.16	0.63	0.64	0.69	-0.58	0.73		0.46	CSCO
QCOM	0.56	0.85	-0.55	0.84	0.86	0.67	-0.6	0.55	0.46		QCOM
	AMD	LRCX	SAP	MU	KLAC	AMAT	TXN	PLTR	CSCO	QCOM

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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

MU	+ 0.98	LRCX
KLAC	+ 0.98	LRCX
KLAC	+ 0.95	MU
AMAT	+ 0.94	LRCX
AMAT	+ 0.93	KLAC
AMAT	+ 0.91	MU

High negative correlations

TXN	- 0.82	AMAT
TXN	- 0.82	KLAC
TXN	- 0.82	MU
TXN	- 0.81	LRCX
PLTR	- 0.75	TXN
TXN	- 0.68	AMD

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	2.64	0.54	0.20	0.49	2.40	(3.20)	7.63	(5.44)	31.43
LRCX	2.02	0.57	0.22	0.39	2.31	(2.20)	4.68	(3.78)	14.48
SAP	1.17	(0.19)	0.00	(0.14)	0.00	0.00	1.95	(3.72)	7.04
MU	2.50	1.10	0.44	0.87	1.66	(2.94)	6.15	(3.53)	14.44
KLAC	1.84	0.31	0.14	0.30	2.34	(1.99)	4.30	(3.52)	12.45
AMAT	1.96	0.30	0.10	0.33	2.90	(2.12)	4.54	(2.73)	16.89
TXN	1.24	(0.14)	0.00	1.05	0.00	0.00	2.46	(3.98)	10.64
PLTR	2.11	0.37	0.12	0.50	2.65	(2.28)	4.30	(3.32)	17.20
CSCO	1.03	0.09	0.03	0.27	1.21	(1.11)	2.05	(1.78)	7.18
QCOM	1.33	0.11	0.11	0.18	1.46	(1.51)	2.52	(2.23)	14.64

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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