ASML Holding Correlations

ASMLF Stock

USD 735.00 13.15 1.76%

The current 90-days correlation between ASML Holding NV and Asm Pacific Technology is 0.01 (i.e., Significant diversification). The correlation of ASML Holding is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

ASML Holding Correlation With Market

Very weak diversification

The correlation between ASML Holding NV and DJI is 0.5 (i.e., Very weak 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.

The ability to find closely correlated positions to ASML Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASML Holding when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ASML Holding - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ASML Holding NV to buy it.

Moving together with ASML Pink Sheet

1.0	ASML	ASML Holding NV	Pair Corr
0.71	AMAT	Applied Materials	Pair Corr
0.74	LRCX	Lam Research Corp	Pair Corr
0.92	KLAC	KLA Tencor Earnings Call This Week	Pair Corr
0.88	TOELY	Tokyo Electron	Pair Corr
0.84	TOELF	Tokyo Electron	Pair Corr
0.93	ASMXF	ASM International Earnings Call This Week	Pair Corr
0.86	LSRCY	Lasertec	Pair Corr
0.7	SPGI	SP Global	Pair Corr
0.89	BKNG	Booking Holdings	Pair Corr
0.68	BBVXF	Banco Bilbao Vizcaya	Pair Corr
0.68	LAES	SEALSQ Corp Aggressive Push	Pair Corr
0.81	SWKHL	SWK Holdings	Pair Corr
0.73	IRM	Iron Mountain	Pair Corr
0.75	VMI	Valmont Industries Earnings Call This Week	Pair Corr
0.69	TSLA	Tesla Inc Earnings Call This Week	Pair Corr
0.62	NEE-PT	NextEra Energy, Earnings Call This Week	Pair Corr
0.93	MSFT	Microsoft	Pair Corr
0.69	PANW	Palo Alto Networks	Pair Corr

Moving against ASML Pink Sheet

0.62	92346MCY5	US92346MCY57	Pair Corr
0.51	582839AG1	MEAD JOHNSON NUTRITION	Pair Corr
0.55	00287YDA4	ABBVIE INC	Pair Corr
0.48	HINKF	Heineken NV Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	ASMIY	ASMVY	ATEYY	BESVF	BHPLF	BML-PH	LRLCF	NONOF	SAPGF	SUOPY
ASMIY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ASMIY
ASMVY	0.0		0.0	0.37	0.36	-0.21	0.04	0.14	0.32	0.81	ASMVY
ATEYY	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ATEYY
BESVF	0.0	0.37	0.0		0.39	-0.67	0.39	0.51	0.6	0.38	BESVF
BHPLF	0.0	0.36	0.0	0.39		-0.15	0.34	0.25	0.49	0.19	BHPLF
BML-PH	0.0	-0.21	0.0	-0.67	-0.15		0.06	-0.53	-0.26	-0.17	BML-PH
LRLCF	0.0	0.04	0.0	0.39	0.34	0.06		0.34	0.76	-0.03	LRLCF
NONOF	0.0	0.14	0.0	0.51	0.25	-0.53	0.34		0.53	0.1	NONOF
SAPGF	0.0	0.32	0.0	0.6	0.49	-0.26	0.76	0.53		0.17	SAPGF
SUOPY	0.0	0.81	0.0	0.38	0.19	-0.17	-0.03	0.1	0.17		SUOPY
	ASMIY	ASMVY	ATEYY	BESVF	BHPLF	BML-PH	LRLCF	NONOF	SAPGF	SUOPY

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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

SUOPY	+ 0.81	ASMVY
SAPGF	+ 0.76	LRLCF
SAPGF	+ 0.6	BESVF
SAPGF	+ 0.53	NONOF
NONOF	+ 0.51	BESVF
SAPGF	+ 0.49	BHPLF

High negative correlations

BML-PH	- 0.67	BESVF
NONOF	- 0.53	BML-PH
SAPGF	- 0.26	BML-PH
BML-PH	- 0.21	ASMVY
SUOPY	- 0.17	BML-PH
BML-PH	- 0.15	BHPLF

Risk-Adjusted Indicators

There is a big difference between ASML Pink Sheet 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
ASMIY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASMVY	1.38	0.41	0.19	2.39	1.19	(1.62)	3.60	(2.57)	7.44
ATEYY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BESVF	1.99	0.90	0.18	(0.91)	0.74	(11.72)	11.64	(2.11)	25.48
BHPLF	3.18	0.19	0.03	0.46	3.52	(3.77)	8.77	(6.06)	21.76
BML-PH	0.48	(0.01)	0.00	0.22	0.00	0.00	0.89	(0.93)	3.13
LRLCF	1.86	0.14	0.04	0.42	1.76	(2.32)	5.39	(3.65)	10.81
NONOF	2.20	0.18	0.01	(0.54)	2.46	(2.39)	4.43	(4.33)	14.44
SAPGF	1.33	0.13	0.09	0.25	1.49	(1.47)	3.34	(2.51)	10.77
SUOPY	1.86	0.41	0.09	(2.29)	1.68	(3.16)	5.90	(3.22)	13.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in ASML Holding without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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