STMicroelectronics Correlations

STM Stock

USD 22.08 0.11 0.50%

The current 90-days correlation between STMicroelectronics NV ADR and Infrastrutture Wireless Italiane is -0.1 (i.e., Good diversification). 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.

STMicroelectronics Correlation With Market

Very weak diversification

The correlation between STMicroelectronics NV ADR and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STMicroelectronics NV ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with STMicroelectronics Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STMicroelectronics NV ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with STMicroelectronics Stock

0.7

TRNR

Interactive Strength

Pair Corr

Moving against STMicroelectronics Stock

0.71	KO	Coca Cola Aggressive Push	Pair Corr
0.67	DD	Dupont De Nemours	Pair Corr
0.56	XOM	Exxon Mobil Corp	Pair Corr
0.54	AXP	American Express	Pair Corr
0.44	TRV	The Travelers Companies	Pair Corr
0.36	JNJ	Johnson Johnson	Pair Corr
0.33	BAC	Bank of America	Pair Corr
0.31	IBM	International Business	Pair Corr

Related Correlations Analysis

	SCIA	QOWI	SOLS	ABWN	IFSUF	ELWSF	KSRBF	CIO-P-A
SCIA		0.0	-0.29	0.0	-0.71	0.73	-0.2	-0.53	SCIA
QOWI	0.0		0.0	1.0	0.0	0.0	0.0	0.0	QOWI
SOLS	-0.29	0.0		0.0	0.27	-0.32	0.02	0.22	SOLS
ABWN	0.0	1.0	0.0		0.0	0.0	0.0	0.0	ABWN
IFSUF	-0.71	0.0	0.27	0.0		-0.82	-0.24	0.66	IFSUF
ELWSF	0.73	0.0	-0.32	0.0	-0.82		0.1	-0.64	ELWSF
KSRBF	-0.2	0.0	0.02	0.0	-0.24	0.1		0.11	KSRBF
CIO-P-A	-0.53	0.0	0.22	0.0	0.66	-0.64	0.11		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	+ 0.73	SCIA
CIO-P-A	+ 0.66	IFSUF
IFSUF	+ 0.27	SOLS
CIO-P-A	+ 0.22	SOLS
CIO-P-A	+ 0.11	KSRBF

High negative correlations

ELWSF	- 0.82	IFSUF
IFSUF	- 0.71	SCIA
CIO-P-A	- 0.64	ELWSF
CIO-P-A	- 0.53	SCIA
ELWSF	- 0.32	SOLS
SOLS	- 0.29	SCIA

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	1.56	(0.46)	0.00	(0.77)	0.00	0.00	2.55	(5.35)	21.44
ELWSF	1.03	0.46	0.00	(0.48)	0.00	0.00	0.00	0.00	34.33
KSRBF	0.62	0.31	0.00	1.93	0.00	0.00	0.00	0.00	11.11
CIO-P-A	0.19	(0.02)	0.00	(0.30)	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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