VCI Global Correlations

VCIG Stock

0.93 0.03 3.33%

The current 90-days correlation between VCI Global Limited and CRA International is -0.07 (i.e., Good diversification). The correlation of VCI Global 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.

VCI Global Correlation With Market

Average diversification

The correlation between VCI Global Limited and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VCI Global Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VCI Global Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with VCI Stock

0.61	TILE	Interface	Pair Corr
0.64	AL	Air Lease Buyout Trend	Pair Corr

Moving against VCI Stock

0.32	MEG	Montrose Environmental	Pair Corr
0.7	B	Barnes Group	Pair Corr
0.56	BZ	Kanzhun Ltd ADR	Pair Corr
0.51	BA	Boeing	Pair Corr
0.31	AP	Ampco Pittsburgh	Pair Corr
0.31	CP	Canadian Pacific Railway	Pair Corr
0.55	LZ	LegalZoom Earnings Call This Week	Pair Corr
0.51	MG	Mistras Group	Pair Corr
0.48	GE	GE Aerospace Sell-off Trend	Pair Corr
0.45	EH	Ehang Holdings	Pair Corr

Related Correlations Analysis

	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC
CRAI		0.52	0.37	0.03	0.54	0.61	0.71	0.45	0.55	CRAI
ICFI	0.52		0.67	0.03	0.68	0.9	0.64	0.12	0.22	ICFI
FORR	0.37	0.67		-0.38	0.76	0.74	0.57	0.19	0.42	FORR
HURN	0.03	0.03	-0.38		-0.07	0.06	0.19	0.32	-0.03	HURN
FCN	0.54	0.68	0.76	-0.07		0.84	0.69	0.43	0.32	FCN
EXPO	0.61	0.9	0.74	0.06	0.84		0.82	0.43	0.36	EXPO
TRU	0.71	0.64	0.57	0.19	0.69	0.82		0.62	0.54	TRU
VRSK	0.45	0.12	0.19	0.32	0.43	0.43	0.62		0.48	VRSK
FC	0.55	0.22	0.42	-0.03	0.32	0.36	0.54	0.48		FC
	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC

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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

EXPO	+ 0.9	ICFI
EXPO	+ 0.84	FCN
TRU	+ 0.82	EXPO
FCN	+ 0.76	FORR
EXPO	+ 0.74	FORR
TRU	+ 0.71	CRAI

High negative correlations

HURN	- 0.38	FORR
FCN	- 0.07	HURN
FC	- 0.03	HURN

Risk-Adjusted Indicators

There is a big difference between VCI Stock performing well and VCI Global 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 VCI Global'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
CRAI	1.56	(0.04)	0.00	(0.09)	0.00	0.00	2.52	(2.92)	13.95
ICFI	1.61	(0.68)	0.00	(1.07)	0.00	0.00	2.70	(4.65)	11.48
FORR	1.61	(0.29)	0.00	(0.33)	0.00	0.00	2.75	(3.72)	16.49
HURN	1.16	0.01	0.01	0.02	1.41	(1.26)	2.18	(1.58)	8.32
FCN	0.89	(0.13)	0.00	(0.24)	0.00	0.00	1.78	(2.00)	4.73
EXPO	1.01	(0.25)	0.00	(0.55)	0.00	0.00	1.74	(3.01)	5.57
TRU	1.49	(0.09)	0.00	(0.06)	0.00	0.00	3.28	(3.63)	9.08
VRSK	0.78	0.04	0.04	0.07	1.00	(0.83)	1.94	(1.35)	6.73
FC	1.70	(0.16)	0.00	(0.13)	0.00	0.00	2.80	(3.35)	14.28

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