ASML Holding Correlations

ASML Stock

USD 888.39 25.76 2.99%

The current 90-days correlation between ASML Holding NV and Applied Materials is 0.85 (i.e., Very poor 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

Modest diversification

The correlation between ASML Holding NV and DJI is 0.22 (i.e., Modest 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.

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

0.84	MU	Micron Technology Fiscal Year End 25th of September 2024	Pair Corr
0.91	VECO	Veeco Instruments	Pair Corr
0.77	ENTG	Entegris Earnings Call This Week	Pair Corr
0.7	ADI	Analog Devices Fiscal Year End 19th of November 2024	Pair Corr
0.72	AMD	Advanced Micro Devices Earnings Call This Week	Pair Corr
0.75	ARM	Arm Holdings plc Sell-off Trend	Pair Corr
0.8	ASX	ASE Industrial Holding Sell-off Trend	Pair Corr
0.84	TSM	Taiwan Semiconductor Fiscal Year End 16th of January 2025	Pair Corr
0.81	VLN	Valens	Pair Corr
0.78	KLAC	KLA Tencor	Pair Corr
0.82	ACLS	Axcelis Technologies Earnings Call This Week	Pair Corr
0.8	UCTT	Ultra Clean Holdings	Pair Corr
0.76	AI	C3 Ai Inc	Pair Corr

Moving against ASML Stock

0.54	WISA	WiSA Technologies	Pair Corr
0.44	NA	Nano Labs	Pair Corr
0.35	DQ	Daqo New Energy Earnings Call This Week	Pair Corr
0.65	XPER	Xperi Corp	Pair Corr
0.46	ICG	Intchains Group	Pair Corr
0.41	SMTC	Semtech Buyout Trend	Pair Corr
0.39	MRAM	Everspin Technologies Earnings Call This Week	Pair Corr
0.69	U	Unity Software Aggressive Push	Pair Corr
0.67	BL	Blackline	Pair Corr
0.67	DM	Desktop Metal Earnings Call This Week	Pair Corr
0.59	S	SentinelOne Sell-off Trend	Pair Corr
0.52	BB	BlackBerry	Pair Corr
0.51	KC	Kingsoft Cloud Holdings	Pair Corr

Related Correlations Analysis

	AMAT	KLAC	ACLS	TER	LRCX	AEHR	PLAB	KLIC	ENTG	IPGP
AMAT		0.9	0.91	0.87	0.92	0.05	-0.6	0.48	0.81	-0.31	AMAT
KLAC	0.9		0.9	0.93	0.93	0.29	-0.66	0.49	0.65	-0.27	KLAC
ACLS	0.91	0.9		0.86	0.89	0.32	-0.65	0.58	0.73	-0.22	ACLS
TER	0.87	0.93	0.86		0.81	0.33	-0.57	0.47	0.61	-0.18	TER
LRCX	0.92	0.93	0.89	0.81		0.07	-0.67	0.5	0.74	-0.37	LRCX
AEHR	0.05	0.29	0.32	0.33	0.07		-0.12	0.39	0.03	0.4	AEHR
PLAB	-0.6	-0.66	-0.65	-0.57	-0.67	-0.12		0.06	-0.19	0.71	PLAB
KLIC	0.48	0.49	0.58	0.47	0.5	0.39	0.06		0.72	0.43	KLIC
ENTG	0.81	0.65	0.73	0.61	0.74	0.03	-0.19	0.72		0.05	ENTG
IPGP	-0.31	-0.27	-0.22	-0.18	-0.37	0.4	0.71	0.43	0.05		IPGP
	AMAT	KLAC	ACLS	TER	LRCX	AEHR	PLAB	KLIC	ENTG	IPGP

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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

TER	+ 0.93	KLAC
LRCX	+ 0.93	KLAC
LRCX	+ 0.92	AMAT
ACLS	+ 0.91	AMAT
KLAC	+ 0.9	AMAT
ACLS	+ 0.9	KLAC

High negative correlations

PLAB	- 0.67	LRCX
PLAB	- 0.66	KLAC
PLAB	- 0.65	ACLS
PLAB	- 0.6	AMAT
PLAB	- 0.57	TER
IPGP	- 0.37	LRCX

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	1.81	0.07	0.02	0.16	2.68	(1.89)	3.65	(3.40)	15.74
KLAC	1.87	0.28	0.08	0.91	2.71	(1.88)	4.08	(3.91)	14.80
ACLS	2.30	0.34	0.10	0.43	2.81	(2.38)	5.17	(4.57)	22.80
TER	2.10	0.34	0.10	0.50	3.04	(2.27)	4.84	(2.72)	21.54
LRCX	1.86	0.03	(0.01)	0.15	2.84	(1.77)	3.86	(3.73)	15.38
AEHR	3.82	0.98	0.20	(1.41)	3.78	(4.58)	12.24	(5.93)	32.65
PLAB	1.82	(0.17)	0.00	(0.04)	0.00	0.00	3.45	(4.57)	11.66
KLIC	1.62	(0.07)	(0.01)	0.03	2.06	(1.78)	4.19	(3.52)	11.24
ENTG	2.03	(0.04)	(0.01)	0.03	2.74	(2.07)	4.11	(3.19)	13.58
IPGP	1.35	(0.04)	(0.02)	0.03	1.79	(1.35)	2.80	(2.75)	8.33

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