ASM International Correlations

Summary

ASMIYDelisted Stock

USD 350.02 6.50 1.82%

The current 90-days correlation between ASM International and Disco Corp ADR is 0.19 (i.e., Average diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

ASM International Correlation With Market

Average diversification

The correlation between ASM International NV and DJI is 0.18 (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 DJI in the same portfolio, assuming nothing else is changed.

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

0.77	DTRK	DATATRAK International	Pair Corr
0.7	DIDIY	Didi Global ADR	Pair Corr
0.77	WELX	Winland Holdings	Pair Corr
0.66	ENV	Envestnet	Pair Corr

Moving against ASM OTC Stock

0.68	EACO	Eaco Corp	Pair Corr
0.58	ELCO	Elcom International	Pair Corr
0.5	XELAP	Exela Technologies	Pair Corr
0.49	VEEA	Veea Inc Symbol Change	Pair Corr
0.32	DZSI	DZS Inc	Pair Corr
0.56	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.43	VLD	Velo3D Inc	Pair Corr
0.4	XELA	Exela Technologies Tech Boost	Pair Corr
0.39	ZPTAW	Zapata Computing Holdings	Pair Corr

Related Correlations Analysis

	DSCSY	ASMVY	SUOPY	LSRCY	LSRCF	TOELY	DINRF	ATEYY	TOELF	BESIY
DSCSY		-0.11	-0.26	-0.27	-0.28	-0.15	-0.65	0.62	-0.13	-0.05	DSCSY
ASMVY	-0.11		0.67	0.53	0.48	0.65	0.37	-0.26	0.68	0.02	ASMVY
SUOPY	-0.26	0.67		0.94	0.92	0.87	0.72	-0.24	0.83	0.52	SUOPY
LSRCY	-0.27	0.53	0.94		0.96	0.87	0.75	-0.2	0.8	0.62	LSRCY
LSRCF	-0.28	0.48	0.92	0.96		0.83	0.75	-0.12	0.74	0.66	LSRCF
TOELY	-0.15	0.65	0.87	0.87	0.83		0.62	-0.14	0.94	0.62	TOELY
DINRF	-0.65	0.37	0.72	0.75	0.75	0.62		-0.55	0.5	0.35	DINRF
ATEYY	0.62	-0.26	-0.24	-0.2	-0.12	-0.14	-0.55		-0.13	0.29	ATEYY
TOELF	-0.13	0.68	0.83	0.8	0.74	0.94	0.5	-0.13		0.54	TOELF
BESIY	-0.05	0.02	0.52	0.62	0.66	0.62	0.35	0.29	0.54		BESIY
	DSCSY	ASMVY	SUOPY	LSRCY	LSRCF	TOELY	DINRF	ATEYY	TOELF	BESIY

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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

LSRCF	+ 0.96	LSRCY
LSRCY	+ 0.94	SUOPY
TOELF	+ 0.94	TOELY
LSRCF	+ 0.92	SUOPY
TOELY	+ 0.87	SUOPY
TOELY	+ 0.87	LSRCY

High negative correlations

DINRF	- 0.65	DSCSY
ATEYY	- 0.55	DINRF
LSRCF	- 0.28	DSCSY
LSRCY	- 0.27	DSCSY
ATEYY	- 0.26	ASMVY
SUOPY	- 0.26	DSCSY

Risk-Adjusted Indicators

There is a big difference between ASM OTC Stock performing well and ASM International OTC Stock 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DSCSY	2.69	(0.24)	0.00	(0.01)	0.00	0.00	5.02	(6.32)	16.54
ASMVY	1.85	(0.13)	0.00	0.58	0.00	0.00	4.92	(4.71)	12.88
SUOPY	2.17	(0.59)	0.00	(1.16)	0.00	0.00	3.27	(5.42)	17.64
LSRCY	2.43	(0.94)	0.00	(0.54)	0.00	0.00	4.00	(5.75)	21.10
LSRCF	1.80	(0.89)	0.00	(2.50)	0.00	0.00	0.28	(7.95)	19.72
TOELY	2.19	(0.48)	0.00	(0.18)	0.00	0.00	4.42	(4.40)	15.46
DINRF	4.25	0.06	0.00	0.10	0.00	0.00	9.19	(11.57)	28.72
ATEYY	1.74	0.25	0.07	(21.11)	1.85	(1.96)	4.28	(3.31)	9.71
TOELF	2.83	(0.45)	0.00	(0.18)	0.00	0.00	6.28	(4.89)	18.02
BESIY	2.10	(0.30)	0.00	(0.15)	0.00	0.00	4.43	(3.34)	16.64

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.

Disco Corp ADR Asm Pacific Technology Sumco Corp ADR Lasertec Lasertec Tokyo Electron Ltd SCREEN Holdings Co Advantest Corp DRC Tokyo Electron BE Semiconductor Industries AIXTRON SE Advantest Teradyne American Airlines Group Alcoa 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.

J Westendorp	VP Marketing	Profile
Victor Bareo	Director Relations	Profile
Gek Loh	Pres Board	Profile
Paulus Verhagen	CFO Board	Profile
Hichem MSaad	General Manager Thermal Products Business Unit, General Manager ASM America Inc and ASM Europe BV	Profile

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.

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