STMicroelectronics Correlations

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as STMicroelectronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STMicroelectronics NV ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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Related Correlations Analysis

	SCIA	QOWI	SOLS	ABWN	IFSUF	ELWSF	KSRBF	CIO-P-A
SCIA		0.0	-0.29	0.0	-0.78	0.77	-0.21	-0.54	SCIA
QOWI	0.0		0.0	1.0	0.0	0.0	0.0	0.0	QOWI
SOLS	-0.29	0.0		0.0	0.25	-0.24	0.02	0.28	SOLS
ABWN	0.0	1.0	0.0		0.0	0.0	0.0	0.0	ABWN
IFSUF	-0.78	0.0	0.25	0.0		-0.83	-0.17	0.65	IFSUF
ELWSF	0.77	0.0	-0.24	0.0	-0.83		0.09	-0.63	ELWSF
KSRBF	-0.21	0.0	0.02	0.0	-0.17	0.09		0.22	KSRBF
CIO-P-A	-0.54	0.0	0.28	0.0	0.65	-0.63	0.22		CIO-P-A
	SCIA	QOWI	SOLS	ABWN	IFSUF	ELWSF	KSRBF	CIO-P-A

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

ABWN	+ 1.0	QOWI
ELWSF	+ 0.77	SCIA
CIO-P-A	+ 0.65	IFSUF
CIO-P-A	+ 0.28	SOLS
IFSUF	+ 0.25	SOLS
CIO-P-A	+ 0.22	KSRBF

High negative correlations

ELWSF	- 0.83	IFSUF
IFSUF	- 0.78	SCIA
CIO-P-A	- 0.63	ELWSF
CIO-P-A	- 0.54	SCIA
SOLS	- 0.29	SCIA
ELWSF	- 0.24	SOLS

Risk-Adjusted Indicators

There is a big difference between STMicroelectronics Stock performing well and STMicroelectronics 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 STMicroelectronics' 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
SCIA	2.16	0.43	0.10	0.65	2.81	(2.91)	6.53	(4.79)	23.78
QOWI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SOLS	3.06	(0.19)	0.00	(0.15)	0.00	0.00	5.49	(6.85)	17.57
ABWN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IFSUF	1.58	(0.44)	0.00	1.00	0.00	0.00	2.55	(5.35)	21.44
ELWSF	1.04	0.51	0.00	1.04	0.00	0.00	0.00	0.00	34.33
KSRBF	0.63	0.31	0.00	1.58	0.00	0.00	0.00	0.00	11.11
CIO-P-A	0.19	(0.02)	0.00	(3.19)	0.00	0.00	0.32	(0.40)	1.82

STMicroelectronics Corporate Management

Jerome Ramel	Executive Communication	Profile
Michael Hummel	Executive Vice President Front-End Manufacturing, Analog and Power	Profile
Martine Verluyten	Independent Member of the Supervisory Board	Profile
Bertrand Stoltz	Executive Affairs	Profile
Rino Peruzzi	Americas Marketing	Profile

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