STMicroelectronics Correlations

STM Stock

USD 32.29 0.59 1.86%

The current 90-days correlation between STMicroelectronics NV ADR and Verra Mobility Corp is 0.46 (i.e., Very weak 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

Poor diversification

The correlation between STMicroelectronics NV ADR and DJI is 0.78 (i.e., Poor 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 signals in estimate.

Moving together with STMicroelectronics Stock

0.96	DIOD	Diodes Incorporated	Pair Corr
0.97	MU	Micron Technology	Pair Corr
0.89	MX	MagnaChip Semiconductor	Pair Corr
0.76	NA	Nano Labs	Pair Corr
0.98	ON	ON Semiconductor	Pair Corr
0.98	MCHP	Microchip Technology	Pair Corr
0.92	MPWR	Monolithic Power Systems	Pair Corr
0.88	MRAM	Everspin Technologies	Pair Corr
0.93	MRVL	Marvell Technology	Pair Corr
0.96	MTSI	MACOM Technology Sol	Pair Corr
0.98	MCHPP	Microchip Technology	Pair Corr
0.89	NVEC	NVE Corporation	Pair Corr
0.95	NVDA	NVIDIA	Pair Corr
0.85	NVTS	Navitas Semiconductor	Pair Corr
0.89	QCOM	Qualcomm Incorporated	Pair Corr
0.89	ALGM	Allegro Microsystems	Pair Corr
0.92	KD	Kyndryl Holdings	Pair Corr
0.81	UI	Ubiquiti Networks	Pair Corr
0.67	DMRC	Digimarc	Pair Corr
0.74	EPAM	EPAM Systems	Pair Corr
0.87	WKEY	Wisekey International	Pair Corr
0.95	IBM	International Business	Pair Corr
0.93	MGIC	Magic Software Enter Tech Boost	Pair Corr
0.94	MSFT	Microsoft	Pair Corr
0.85	NABL	N Able Inc	Pair Corr
0.89	NYAX	Nayax	Pair Corr
0.92	SHOP	Shopify Class A	Pair Corr
0.93	CSCO	Cisco Systems	Pair Corr

Moving against STMicroelectronics Stock

0.58	WOLF	Wolfspeed Aggressive Push	Pair Corr
0.43	MOBX	Mobix Labs	Pair Corr
0.72	FI	Fiserv,	Pair Corr
0.71	BRK-A	Berkshire Hathaway	Pair Corr
0.71	BRK-B	Berkshire Hathaway	Pair Corr
0.5	NOTE	FiscalNote Holdings	Pair Corr

Related Correlations Analysis

	VRRM	ONL	TPH	ADUS	VNO-PL	FMCKO	COE
VRRM		0.77	0.54	0.85	0.7	0.83	0.8	VRRM
ONL	0.77		0.76	0.59	0.68	0.69	0.78	ONL
TPH	0.54	0.76		0.24	0.41	0.32	0.47	TPH
ADUS	0.85	0.59	0.24		0.78	0.75	0.7	ADUS
VNO-PL	0.7	0.68	0.41	0.78		0.62	0.6	VNO-PL
FMCKO	0.83	0.69	0.32	0.75	0.62		0.79	FMCKO
COE	0.8	0.78	0.47	0.7	0.6	0.79		COE
	VRRM	ONL	TPH	ADUS	VNO-PL	FMCKO	COE

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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
VRRM	1.51	0.13	0.06	0.25	1.59	(1.88)	4.29	(3.13)	12.45
ONL	3.70	0.17	0.04	0.23	4.87	(3.79)	6.86	(8.41)	28.80
TPH	1.72	0.00	(0.02)	0.10	2.25	(1.80)	3.78	(3.90)	8.84
ADUS	1.34	0.15	0.05	0.48	1.62	(1.35)	3.09	(2.87)	9.36
VNO-PL	0.98	0.05	(0.01)	0.21	1.29	(1.09)	1.93	(2.55)	6.59
FMCKO	1.78	0.30	0.08	0.76	1.86	(2.77)	4.49	(3.78)	15.56
COE	3.21	0.54	0.08	5.96	4.37	(3.39)	8.67	(9.04)	24.60

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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