ASML Holding Related Correlations

ASMLF Stock

USD 888.91 4.91 0.56%

Generate correlation matrix for ASML Holding and other related equities to check the degree to which ASML Holding NV price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for ASML Holding NV. To filter out specific equities, please toggle its corresponding legend item. 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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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Please note, there is a significant difference between ASML Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASML Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASML Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	SUOPY	DSCSY	DINRF	TOELF	AIXXF	BESIY	LSRCY	TOELY	ASMVY	ATEYY
SUOPY		0.63	0.41	0.5	-0.48	0.12	0.31	0.5	0.46	0.02	SUOPY
DSCSY	0.63		0.81	0.9	-0.86	0.05	0.24	0.9	0.9	0.53	DSCSY
DINRF	0.41	0.81		0.62	-0.89	-0.4	0.02	0.6	0.78	0.62	DINRF
TOELF	0.5	0.9	0.62		-0.7	0.3	0.31	1.0	0.83	0.49	TOELF
AIXXF	-0.48	-0.86	-0.89	-0.7		0.2	0.13	-0.7	-0.89	-0.61	AIXXF
BESIY	0.12	0.05	-0.4	0.3	0.2		0.35	0.31	-0.03	0.0	BESIY
LSRCY	0.31	0.24	0.02	0.31	0.13	0.35		0.32	0.02	-0.07	LSRCY
TOELY	0.5	0.9	0.6	1.0	-0.7	0.31	0.32		0.83	0.47	TOELY
ASMVY	0.46	0.9	0.78	0.83	-0.89	-0.03	0.02	0.83		0.59	ASMVY
ATEYY	0.02	0.53	0.62	0.49	-0.61	0.0	-0.07	0.47	0.59		ATEYY
	SUOPY	DSCSY	DINRF	TOELF	AIXXF	BESIY	LSRCY	TOELY	ASMVY	ATEYY

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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

TOELY	+ 1.0	TOELF
TOELF	+ 0.9	DSCSY
TOELY	+ 0.9	DSCSY
ASMVY	+ 0.9	DSCSY
ASMVY	+ 0.83	TOELF
ASMVY	+ 0.83	TOELY

High negative correlations

ASMVY	- 0.89	AIXXF
AIXXF	- 0.89	DINRF
AIXXF	- 0.86	DSCSY
TOELY	- 0.7	AIXXF
AIXXF	- 0.7	TOELF
ATEYY	- 0.61	AIXXF

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
SUOPY	2.05	(0.19)	0.00	(0.31)	0.00	0.00	4.08	(5.39)	20.39
DSCSY	2.23	0.00	0.03	0.09	2.37	(2.61)	4.42	(4.23)	19.19
DINRF	4.55	1.82	0.48	13.57	2.94	(5.83)	12.52	(5.72)	25.45
TOELF	2.20	0.08	0.04	0.15	2.60	(2.39)	6.24	(4.08)	18.20
AIXXF	2.15	(0.68)	0.00	(1.11)	0.00	0.00	4.61	(6.06)	24.82
BESIY	2.50	(0.09)	0.00	11.07	0.00	0.00	4.95	(4.91)	22.64
LSRCY	2.13	(0.18)	0.00	(6.60)	0.00	0.00	3.38	(4.75)	14.48
TOELY	2.19	0.06	0.04	0.13	2.39	(2.68)	5.57	(3.47)	16.93
ASMVY	2.25	0.30	0.14	0.26	2.30	(2.60)	6.06	(4.90)	14.23
ATEYY	1.95	0.54	0.25	1.17	1.50	(2.31)	4.48	(3.17)	14.89

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ASML Holding Related Correlations

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