ASM International Correlations
ASMXF Stock | USD 669.00 87.80 15.11% |
The correlation of ASM International 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 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.
Average diversification
The correlation between ASM International NV and NYA is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASM International NV and NYA in the same portfolio, assuming nothing else is changed.
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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 Pink Sheet
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Moving against ASM Pink Sheet
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Risk-Adjusted Indicators
There is a big difference between ASM Pink Sheet performing well and ASM International 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 ASM International'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in ASM International 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.Did you try this?
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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.
J Westendorp | VP Marketing | Profile | |
YongKil Kim | VP Service | Profile | |
Victor Bareo | Director Relations | Profile | |
Gek Loh | Pres Board | Profile | |
Paulus Verhagen | CFO Board | Profile | |
Hichem MSaad | CTO Board | Profile | |
Bruce Ragsdale | Co Operations | Profile |
Already Invested in ASM International NV?
The danger of trading ASM International NV is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ASM International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ASM International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ASM International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASM International NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running ASM International's price analysis, check to measure ASM International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ASM International is operating at the current time. Most of ASM International's value examination focuses on studying past and present price action to predict the probability of ASM International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASM International's price. Additionally, you may evaluate how the addition of ASM International to your portfolios can decrease your overall portfolio volatility.
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