VNET Group Correlations

VNET Stock

USD 5.60 0.04 0.71%

The current 90-days correlation between VNET Group DRC and Chindata Group Holdings is 0.1 (i.e., Average diversification). The correlation of VNET Group 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.

VNET Group Correlation With Market

Significant diversification

The correlation between VNET Group DRC and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VNET Group DRC 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 VNET Group DRC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with VNET Stock

0.73	KD	Kyndryl Holdings Sell-off Trend	Pair Corr
0.84	DMRC	Digimarc	Pair Corr
0.79	WEBB	Web Global Holdings	Pair Corr
0.74	CTM	Castellum	Pair Corr
0.66	GMM	Global Mofy Metaverse	Pair Corr
0.7	GDYN	Grid Dynamics Holdings	Pair Corr
0.8	IBEX	IBEX	Pair Corr

Moving against VNET Stock

0.81	FIS	Fidelity National	Pair Corr
0.65	GLE	Global Engine Group	Pair Corr
0.51	IT	Gartner	Pair Corr
0.49	GIB	CGI Inc	Pair Corr
0.48	JZ	Jianzhi Education	Pair Corr
0.36	ACN	Accenture plc	Pair Corr
0.68	PSN	Parsons Corp	Pair Corr
0.68	NABL	N Able Inc Sell-off Trend	Pair Corr
0.58	VEEAW	Veea Inc Symbol Change	Pair Corr
0.56	LDOS	Leidos Holdings	Pair Corr
0.53	JKHY	Jack Henry Associates	Pair Corr
0.36	WRD	WeRide American Depo	Pair Corr

Related Correlations Analysis

	CD	CLVT	WNS	TWKS	GDS	CACI	EXLS	TASK	G	TTEC
CD		-0.15	-0.5	0.68	0.29	-0.66	0.3	0.58	0.17	-0.29	CD
CLVT	-0.15		-0.18	-0.67	-0.15	0.5	-0.77	-0.72	-0.74	0.72	CLVT
WNS	-0.5	-0.18		-0.22	-0.28	0.34	0.35	0.03	0.48	0.24	WNS
TWKS	0.68	-0.67	-0.22		0.15	-0.78	0.74	0.82	0.62	-0.71	TWKS
GDS	0.29	-0.15	-0.28	0.15		0.04	-0.09	0.06	-0.12	-0.31	GDS
CACI	-0.66	0.5	0.34	-0.78	0.04		-0.53	-0.68	-0.51	0.46	CACI
EXLS	0.3	-0.77	0.35	0.74	-0.09	-0.53		0.78	0.92	-0.54	EXLS
TASK	0.58	-0.72	0.03	0.82	0.06	-0.68	0.78		0.68	-0.51	TASK
G	0.17	-0.74	0.48	0.62	-0.12	-0.51	0.92	0.68		-0.47	G
TTEC	-0.29	0.72	0.24	-0.71	-0.31	0.46	-0.54	-0.51	-0.47		TTEC
	CD	CLVT	WNS	TWKS	GDS	CACI	EXLS	TASK	G	TTEC

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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

G	+ 0.92	EXLS
TASK	+ 0.82	TWKS
TASK	+ 0.78	EXLS
EXLS	+ 0.74	TWKS
TTEC	+ 0.72	CLVT
TWKS	+ 0.68	CD

High negative correlations

CACI	- 0.78	TWKS
EXLS	- 0.77	CLVT
G	- 0.74	CLVT
TASK	- 0.72	CLVT
TTEC	- 0.71	TWKS
TASK	- 0.68	CACI

Risk-Adjusted Indicators

There is a big difference between VNET Stock performing well and VNET Group 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 VNET Group'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
CD	2.23	0.31	0.12	0.59	2.40	(2.85)	5.00	(3.69)	16.11
CLVT	2.22	(0.34)	0.00	(1.20)	0.00	0.00	5.41	(3.78)	29.33
WNS	1.73	(0.03)	0.00	(0.07)	0.00	0.00	2.95	(4.07)	13.44
TWKS	0.28	0.04	0.10	0.46	0.24	(0.40)	0.68	(0.46)	2.49
GDS	3.62	0.21	0.04	1.74	5.30	(3.84)	7.62	(5.64)	31.41
CACI	1.55	(0.19)	0.00	(0.45)	0.00	0.00	3.44	(4.18)	14.84
EXLS	1.07	0.27	0.26	0.61	0.80	(1.33)	2.61	(1.60)	9.94
TASK	3.09	0.62	0.11	0.34	4.54	(3.04)	9.26	(6.22)	40.44
G	1.04	0.22	0.20	0.38	0.93	(1.26)	2.65	(1.79)	12.64
TTEC	2.57	(0.58)	0.00	(0.69)	0.00	0.00	5.41	(4.90)	17.01

VNET Group Corporate Management

Ju Ma	Group Group	Profile
Tim Chen	Chief Officer	Profile
Jeff Dong	Pres CEO	Profile
Qiyu Wang	Chief Officer	Profile

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