ASML Holding Correlations
| ASML34 Stock | BRL 72.51 1.78 2.40% |
The current 90-days correlation between ASML Holding NV and Applied Materials, is -0.09 (i.e., Good diversification). The correlation of ASML Holding 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.
ASML Holding Correlation With Market
Average diversification
The correlation between ASML Holding NV and DJI is 0.13 (i.e., Average 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.
ASML |
The ability to find closely correlated positions to ASML Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASML Holding 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 ASML Holding - 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 ASML Holding NV to buy it.
Moving together with ASML Stock
| 0.75 | A1MT34 | Applied Materials, | PairCorr |
| 0.82 | L1RC34 | Lam Research Earnings Call Next Week | PairCorr |
| 0.75 | K1LA34 | KLA Corporation Earnings Call Tomorrow | PairCorr |
| 0.77 | NMRH34 | Nomura Holdings | PairCorr |
| 0.66 | BMKS3 | Bicicletas Monark | PairCorr |
| 0.67 | ITUB4 | Ita Unibanco Holding | PairCorr |
| 0.66 | A1PA34 | APA Corporation Earnings Call Next Week | PairCorr |
| 0.82 | PSSA3 | Porto Seguro SA | PairCorr |
| 0.71 | CAON34 | Capital One Financial | PairCorr |
| 0.76 | NVDC34 | NVIDIA | PairCorr |
| 0.77 | F1RA34 | Franklin Resources, Earnings Call This Week | PairCorr |
| 0.74 | CSED3 | Cruzeiro do Sul | PairCorr |
| 0.75 | L1MN34 | Lumen Technologies, | PairCorr |
| 0.84 | MSFT34 | Microsoft Earnings Call This Week | PairCorr |
| 0.71 | LVTC3 | Livetech da Bahia | PairCorr |
| 0.85 | MUTC34 | Micron Technology | PairCorr |
| 0.61 | C1FG34 | Citizens Financial Group, | PairCorr |
| 0.81 | I1DX34 | IDEXX Laboratories, | PairCorr |
| 0.74 | B1CS34 | Barclays PLC Earnings Call Next Week | PairCorr |
Moving against ASML Stock
| 0.76 | BERK34 | Berkshire Hathaway | PairCorr |
| 0.52 | TMCO34 | Toyota Motor | PairCorr |
| 0.51 | HOND34 | Honda Motor | PairCorr |
| 0.43 | BIDU34 | Baidu Inc | PairCorr |
| 0.39 | CXTL11 | Fundo De Investimento | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASML34 | 1.65 | (0.05) | (0.05) | (0.02) | 2.48 | 4.09 | 11.39 | |||
| A1MT34 | 1.83 | 0.22 | 0.09 | 0.33 | 2.31 | 4.88 | 14.68 | |||
| L1RC34 | 1.33 | 0.44 | 0.20 | 0.74 | 1.21 | 4.55 | 12.50 | |||
| K1LA34 | 1.46 | 0.50 | 0.15 | (5.65) | 1.40 | 3.62 | 13.51 | |||
| PSSA3 | 1.15 | 0.40 | 0.19 | 2.76 | 1.09 | 3.29 | 10.04 | |||
| ITSA3 | 1.00 | 0.11 | (0.02) | (3.97) | 1.18 | 2.07 | 8.75 | |||
| CYRE3 | 1.49 | 0.22 | 0.01 | (0.29) | 1.88 | 3.10 | 9.79 | |||
| Z2IT34 | 1.06 | 0.46 | 0.00 | (0.81) | 0.00 | 1.28 | 22.13 | |||
| VIVT3 | 1.00 | 0.29 | 0.12 | 3.00 | 1.03 | 2.38 | 7.31 | |||
| TFCO4 | 1.50 | 0.00 | 0.22 | 0.00 | 1.07 | 3.21 | 13.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ASML Holding 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.Did you try this?
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ASML Holding Corporate Management
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.
| Christophe Fouquet | Chief VP | Profile | |
| Frederic SchneiderMaunoury | COO VP | Profile | |
| Martin Brink | Pres Board | Profile | |
| Wayne Allan | Ex Support | Profile | |
| Rob Vliet | Investor Mang | Profile | |
| Skip Miller | VP Relations | Profile | |
| James Koonmen | Ex Bus | Profile |