ASM International Correlations

Stocks . Germany . 
Stock . ASM International NV
AVS Stock  EUR 522.20  0.80  0.15%   
The current 90-days correlation between ASM International and NORTHEAST UTILITIES is -0.09 (i.e., Good diversification). The correlation of ASM International 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.

ASM International Correlation With Market

Significant diversification

The correlation between ASM International NV and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASM International NV and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ASM International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASM International 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 ASM International - 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 ASM International NV to buy it.

Moving together with ASM Stock

  0.9ASMF ASML HOLDING NYPairCorr
  0.92ASME ASML Holding NVPairCorr
  0.91ASME ASML Holding NVPairCorr
  0.88AP2 Applied MaterialsPairCorr
  0.89TKY Tokyo ElectronPairCorr
  0.95KLA KLA CorporationPairCorr
  0.87TEY TeradynePairCorr
  0.93WDC WESTERN DIGITALPairCorr
  0.93WDC WESTERN DIGITALPairCorr
  0.93WDC WESTERN DIGITALPairCorr
  0.93WDC WESTERN DIGITALPairCorr
  0.93WDC Western DigitalPairCorr
  0.87CYL CryoLifePairCorr
  0.76HEI Heidelberg MaterialsPairCorr
  0.7KGHA KGHM Polska MiedzPairCorr
  0.85E908 Lyxor 1PairCorr
  0.77DBPE Xtrackers LevDAXPairCorr

Moving against ASM Stock

  0.79DBPD Xtrackers ShortDAXPairCorr
  0.65E0P Enphase Energy Earnings Call This WeekPairCorr
  0.62EII Eisai CoPairCorr

Related Correlations Analysis

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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   
SZL
+ 0.99
SZL
ELG
+ 0.86
SZL
ELG
+ 0.86
SZL
E1V
+ 0.84
NWJ
E1V
+ 0.77
MNL
MNL
+ 0.76
NWJ
  
High negative correlations   
G03
- 0.84
ELG
G03
- 0.66
SZL
G03
- 0.66
SZL
G03
- 0.63
E1V
G03
- 0.6
NWJ
G03
- 0.39
MNL

Risk-Adjusted Indicators

There is a big difference between ASM Stock performing well and ASM International 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 ASM International'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ASM International 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.

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ASM International Corporate Management

Elected by the shareholders, the ASM International's board of directors comprises two types of representatives: ASM International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ASM. The board's role is to monitor ASM International's management team and ensure that shareholders' interests are well served. ASM International'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, ASM International's outside directors are responsible for providing unbiased perspectives on the board's policies.
J WestendorpVP MarketingProfile
YongKil KimVP ServiceProfile
Victor BareoDirector RelationsProfile
Gek LohPres BoardProfile
Paulus VerhagenCFO BoardProfile
Hichem MSaadCTO BoardProfile
Bruce RagsdaleCo OperationsProfile
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