ASML Holding NV ADRhedged (ASMH) — Stock Correlations & Overview
Over the past year, ASMH has moved most closely with ASML, ASMG, EWN. Explore the stocks most correlated and inversely correlated with ASMH below, along with its price, financials, and company profile.
Stocks correlated with ASMH
Correlation of daily returns. Higher positive values move with ASMH; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASMH
| Symbol | Company | Correlation |
|---|---|---|
| ASML | ASML Holding NV | 0.99 |
| ASMG | Leverage Shares 2X Long ASML Daily ETF | 0.98 |
| EWN | iShares MSCI Netherlands ETF | 0.85 |
| LRCX | Lam Research CorpSPECIAL INDUSTRY MACHINERY, NEC | 0.83 |
| LRCU | Tradr 2X Long LRCX Daily ETF | 0.83 |
Most inversely correlated with ASMH
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.80 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.79 |
| SSG | ProShares UltraShort Semiconductors | -0.73 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.72 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.71 |
Frequently asked questions about ASMH correlations
- Which stocks are most correlated with ASMH?
- Based on one year of daily returns, the stocks most correlated with ASML Holding NV ADRhedged (ASMH) are ASML (0.99), ASMG (0.98) and EWN (0.85). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ASMH?
- Over the past year, the stocks most inversely correlated with ASML Holding NV ADRhedged (ASMH) are SOXS (-0.80), TSXD (-0.79) and SSG (-0.73). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ASMH correlations calculated?
- We compute the correlation of daily returns between ASMH and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.