Correlation Between ASML Holding and Van Lanschot

Can any of the company-specific risk be diversified away by investing in both ASML Holding and Van Lanschot at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining ASML Holding and Van Lanschot into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between ASML Holding NV and Van Lanschot NV, you can compare the effects of market volatilities on ASML Holding and Van Lanschot and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in ASML Holding with a short position of Van Lanschot. Check out your portfolio center. Please also check ongoing floating volatility patterns of ASML Holding and Van Lanschot.

Diversification Opportunities for ASML Holding and Van Lanschot

0.81

Correlation Coefficient

ASML Holding  Van Lanschot

Very poor diversification

The 3 months correlation between ASML and Van is 0.81. Overlapping area represents the amount of risk that can be diversified away by holding ASML Holding NV and Van Lanschot NV in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Van Lanschot NV and ASML Holding is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on ASML Holding NV are associated (or correlated) with Van Lanschot. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Van Lanschot NV has no effect on the direction of ASML Holding i.e., ASML Holding and Van Lanschot go up and down completely randomly.

Pair Corralation between ASML Holding and Van Lanschot

Assuming the 90 days trading horizon ASML Holding is expected to generate 2.84 times less return on investment than Van Lanschot. In addition to that, ASML Holding is 1.86 times more volatile than Van Lanschot NV. It trades about 0.06 of its total potential returns per unit of risk. Van Lanschot NV is currently generating about 0.33 per unit of volatility. If you would invest  4,447  in Van Lanschot NV on April 23, 2025 and sell it today you would earn a total of  1,303  from holding Van Lanschot NV or generate 29.3% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Strong
Accuracy	100.0%
Values	Daily Returns

ASML Holding NV  vs.  Van Lanschot NV

ASML Holding NV

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in ASML Holding NV are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, ASML Holding may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Van Lanschot NV

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Van Lanschot NV are ranked lower than 25 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak forward-looking signals, Van Lanschot unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with ASML Holding and Van Lanschot

The main advantage of trading using opposite ASML Holding and Van Lanschot positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ASML Holding position performs unexpectedly, Van Lanschot can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Van Lanschot will offset losses from the drop in Van Lanschot's long position.

The idea behind ASML Holding NV and Van Lanschot NV pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..