ASM International Correlations

Delisted . USA . 
Stock . ASM International NV
ASMIYDelisted Stock  USD 350.02  6.50  1.82%   
The correlation of ASM International is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASM International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASM International NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Trending Equities to better understand how to build diversified portfolios.
  
The ability to find closely correlated positions to ASM International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASM International 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 ASM International - 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 ASM International NV to buy it.

Moving together with ASM OTC Stock

+0.83LRCXLam Research Corp Fiscal Quarter End 30th of June 2023 PairCorr
+0.65ASMLASML Holding NV Fiscal Quarter End 30th of June 2023 PairCorr
+0.86ATOMAtomera Fiscal Quarter End 30th of June 2023 PairCorr

Moving against ASM OTC Stock

-0.78CDChindata Group Holdings Earnings Call TomorrowPairCorr
-0.64GIGAGiga-tronics Report 5th of July 2023 PairCorr
-0.6AXTIAXT Inc Fiscal Quarter End 30th of June 2023 PairCorr
-0.59IPGPIPG Photonics Fiscal Quarter End 30th of June 2023 PairCorr
-0.57ACMRAcm Research Fiscal Quarter End 30th of June 2023 PairCorr
-0.52TERTeradyne Buyout TrendPairCorr
-0.45RLBYReliability IncorporatedPairCorr

Related Correlations

EACTF
SHUNF
MOLN
TOVX
VALN
EQRX
CMRX
EACTF
0.0-0.620.59-0.050.760.63
EACTF
SHUNF
0.00.00.00.00.00.0
SHUNF
MOLN
-0.620.0-0.180.24-0.47-0.32
MOLN
TOVX
0.590.0-0.180.410.820.77
TOVX
VALN
-0.050.00.240.410.220.25
VALN
EQRX
0.760.0-0.470.820.220.86
EQRX
CMRX
0.630.0-0.320.770.250.86
CMRX
EACTF
SHUNF
MOLN
TOVX
VALN
EQRX
CMRX
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CMRX
+ 0.86
EQRX
EQRX
+ 0.82
TOVX
CMRX
+ 0.77
TOVX
EQRX
+ 0.76
EACTF
CMRX
+ 0.63
EACTF
TOVX
+ 0.59
EACTF
  
High negative correlations   
MOLN
- 0.62
EACTF
EQRX
- 0.47
MOLN
CMRX
- 0.32
MOLN
TOVX
- 0.18
MOLN
VALN
- 0.05
EACTF
CMRX
- 0.0
SHUNF

Risk-Adjusted Indicators

Nowadays, there is a big difference between ASM OTC Stock performing well and ASM International company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze ASM International's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
EACTF 1.72 (0.90)  0.00  7.35  0.00 (0.17)  0.00  0.00  0.00  31.97 
SHUNF 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
MOLN 2.39  0.07  0.04 (0.49)  2.85  0.0432 (3.01)  5.83 (5.52)  16.70 
TOVX 3.10 (0.43)  0.00 (0.49)  0.00 (0.10)  0.00  4.69 (7.25)  19.78 
VALN 3.28  0.06  0.02  0.02  4.00  0.0142 (3.75)  6.65 (7.91)  29.70 
EQRX 3.37 (0.21)  0.00 (0.16)  0.00 (0.06)  0.00  6.45 (6.63)  16.15 
CMRX 2.67 (0.03)  0.00 (0.08)  0.00 (0.0147)  0.00  4.41 (4.48)  21.26 

ASM International Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ASM International otc stock to make a market-neutral strategy. Peer analysis of ASM International could also be used in its relative valuation, which is a method of valuing ASM International by comparing valuation metrics with similar companies.
Earth Alive CleanShunfeng InternationalMolecular PartnersTheriva BiologicsValneva SE ADREQRx IncChimerixAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health CorpChevron Corp
 Risk & Return  Correlation

ASM International Corporate Management

Elected by the shareholders, the ASM International's board of directors comprises two types of representatives: ASM International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ASM. The board's role is to monitor ASM International's management team and ensure that shareholders' interests are well served. ASM International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ASM International's outside directors are responsible for providing unbiased perspectives on the board's policies.
Heinrich KreutzerMember of the Supervisory BoardProfile
Richard BowersChief Legal OfficerProfile
Paulus VerhagenCFO BoardProfile
Johan DanneelsMember of the Supervisory BoardProfile

Still Interested in ASM International NV?

Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Trending Equities to better understand how to build diversified portfolios. You can also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Other Consideration for investing in ASM OTC Stock

If you are still planning to invest in ASM International check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ASM International's history and understand the potential risks before investing.
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