ASML Holding Correlations

ASML Stock

USD 711.25 13.83 1.91%

The current 90-days correlation between ASML Holding NV and Applied Materials is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASML Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASML Holding NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ASML Holding Correlation With Market

Good diversification

The correlation between ASML Holding NV and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASML Holding NV and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ASML Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASML Holding NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with ASML Stock

0.9	MU	Micron Technology	Pair Corr
0.77	MX	MagnaChip Semiconductor Earnings Call This Week	Pair Corr
0.74	ON	ON Semiconductor Earnings Call This Week	Pair Corr
0.71	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.8	TSM	Taiwan Semiconductor	Pair Corr
0.85	UMC	United Microelectronics Earnings Call This Week	Pair Corr
0.7	INDI	indie Semiconductor	Pair Corr
0.86	KLAC	KLA Tencor	Pair Corr
0.79	KLIC	Kulicke and Soffa Earnings Call This Week	Pair Corr
0.7	MRAM	Everspin Technologies Earnings Call This Week	Pair Corr
0.81	MRVL	Marvell Technology	Pair Corr
0.86	MTSI	MACOM Technology Sol Earnings Call This Week	Pair Corr
0.79	NVDA	NVIDIA Sell-off Trend	Pair Corr
0.84	QRVO	Qorvo Inc Earnings Call This Week	Pair Corr
0.82	ACLS	Axcelis Technologies	Pair Corr
0.83	AMKR	Amkor Technology Earnings Call This Week	Pair Corr
0.82	AVGO	Broadcom	Pair Corr
0.63	TSEM	Tower Semiconductor	Pair Corr
0.81	FFIV	F5 Networks Earnings Call This Week	Pair Corr
0.7	HPE	Hewlett Packard Ente	Pair Corr
0.88	IBM	International Business	Pair Corr
0.78	VSH	Vishay Intertechnology	Pair Corr
0.77	IPGP	IPG Photonics Earnings Call This Week	Pair Corr
0.85	LASR	nLIGHT Inc	Pair Corr
0.84	MSFT	Microsoft Earnings Call This Week	Pair Corr

Moving against ASML Stock

0.78	MPTI	M tron Industries, Tech Boost	Pair Corr
0.36	HUBS	HubSpot Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AMAT	KLAC	ACLS	TER	LRCX	AEHR	PLAB	KLIC	ENTG	IPGP
AMAT		0.96	0.95	0.96	0.96	0.81	0.43	0.95	0.73	0.89	AMAT
KLAC	0.96		0.96	0.96	0.98	0.8	0.3	0.93	0.6	0.9	KLAC
ACLS	0.95	0.96		0.94	0.96	0.81	0.39	0.91	0.63	0.89	ACLS
TER	0.96	0.96	0.94		0.97	0.84	0.31	0.91	0.72	0.92	TER
LRCX	0.96	0.98	0.96	0.97		0.81	0.29	0.9	0.65	0.94	LRCX
AEHR	0.81	0.8	0.81	0.84	0.81		0.2	0.74	0.7	0.82	AEHR
PLAB	0.43	0.3	0.39	0.31	0.29	0.2		0.44	0.51	0.25	PLAB
KLIC	0.95	0.93	0.91	0.91	0.9	0.74	0.44		0.68	0.84	KLIC
ENTG	0.73	0.6	0.63	0.72	0.65	0.7	0.51	0.68		0.62	ENTG
IPGP	0.89	0.9	0.89	0.92	0.94	0.82	0.25	0.84	0.62		IPGP
	AMAT	KLAC	ACLS	TER	LRCX	AEHR	PLAB	KLIC	ENTG	IPGP

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Risk-Adjusted Indicators

There is a big difference between ASML Stock performing well and ASML Holding 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 ASML Holding'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMAT	1.54	0.23	0.17	0.42	1.21	(1.87)	4.12	(2.25)	13.20
KLAC	1.53	0.29	0.19	0.47	1.28	(1.77)	4.21	(2.43)	13.31
ACLS	2.36	0.36	0.21	0.44	1.94	(2.86)	6.44	(4.00)	13.36
TER	1.88	0.56	0.12	(0.73)	1.42	(2.49)	5.62	(2.65)	10.58
LRCX	1.56	0.77	0.27	(1.32)	0.98	(1.91)	4.39	(2.14)	13.15
AEHR	4.13	0.98	0.33	0.58	3.23	(4.98)	10.35	(5.17)	26.55
PLAB	1.82	(0.21)	(0.01)	0.11	3.18	(1.96)	4.09	(3.67)	21.52
KLIC	1.69	(0.10)	0.01	0.17	1.42	(1.99)	3.88	(2.34)	9.61
ENTG	2.30	0.64	0.09	(0.67)	2.32	(2.62)	7.58	(5.03)	15.55
IPGP	1.73	0.66	0.11	(1.76)	2.35	(1.82)	3.78	(2.48)	18.19

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