VNET Group Correlations

VNET Stock

USD 8.49 0.12 1.39%

The current 90-days correlation between VNET Group DRC and C3 Ai Inc is 0.48 (i.e., Very weak 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

Weak diversification

The correlation between VNET Group DRC and DJI is 0.3 (i.e., Weak 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.

Build AI portfolio with VNET Stock

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 consumer price index.

Moving together with VNET Stock

0.61	VRRM	Verra Mobility Corp	Pair Corr
0.61	GDDY	Godaddy	Pair Corr
0.72	WIX	WixCom	Pair Corr
0.63	MAPSW	WM Technology	Pair Corr
0.72	PSFE	Paysafe	Pair Corr
0.7	CRWV	CoreWeave, Class A Downward Rally	Pair Corr

Moving against VNET Stock

0.62	TCX	Tucows Inc	Pair Corr
0.55	DOCN	DigitalOcean Holdings Tech Boost	Pair Corr
0.52	FSLY	Fastly, Class A	Pair Corr
0.51	TWLO	Twilio Inc	Pair Corr
0.37	MDB	MongoDB	Pair Corr
0.55	ALXXF	Avante Logixx	Pair Corr
0.5	PNDXF	Pandox AB	Pair Corr
0.41	OSKXF	Osaka Steel Co,	Pair Corr
0.39	DGNG	Diguang Intl Dev	Pair Corr
0.36	SB	Safe Bulkers	Pair Corr
0.35	CAMP	CAMP4 THERAPEUTICS	Pair Corr
0.75	CLPHY	CLP Holdings	Pair Corr
0.71	LLY	Eli Lilly	Pair Corr
0.65	ACTG	Acacia Research	Pair Corr
0.56	HASI	Hannon Armstrong Sus	Pair Corr

Related Correlations Analysis

	AI	GLOB	INOD	CLVT	DXC	CNXC	RNG	FORTY	NP	ASGN
AI		-0.55	0.92	0.53	-0.08	0.8	0.14	-0.71	0.48	0.51	AI
GLOB	-0.55		-0.67	-0.23	0.63	-0.52	0.31	0.72	-0.11	0.01	GLOB
INOD	0.92	-0.67		0.43	-0.33	0.67	-0.12	-0.82	0.29	0.31	INOD
CLVT	0.53	-0.23	0.43		0.09	0.69	0.37	-0.43	0.41	0.63	CLVT
DXC	-0.08	0.63	-0.33	0.09		0.11	0.64	0.56	0.55	0.61	DXC
CNXC	0.8	-0.52	0.67	0.69	0.11		0.43	-0.49	0.65	0.73	CNXC
RNG	0.14	0.31	-0.12	0.37	0.64	0.43		0.31	0.44	0.54	RNG
FORTY	-0.71	0.72	-0.82	-0.43	0.56	-0.49	0.31		-0.09	-0.07	FORTY
NP	0.48	-0.11	0.29	0.41	0.55	0.65	0.44	-0.09		0.77	NP
ASGN	0.51	0.01	0.31	0.63	0.61	0.73	0.54	-0.07	0.77		ASGN
	AI	GLOB	INOD	CLVT	DXC	CNXC	RNG	FORTY	NP	ASGN

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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

INOD	+ 0.92	AI
CNXC	+ 0.8	AI
ASGN	+ 0.77	NP
ASGN	+ 0.73	CNXC
FORTY	+ 0.72	GLOB
CNXC	+ 0.69	CLVT

High negative correlations

FORTY	- 0.82	INOD
FORTY	- 0.71	AI
INOD	- 0.67	GLOB
GLOB	- 0.55	AI
CNXC	- 0.52	GLOB
FORTY	- 0.49	CNXC

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
AI	2.78	(0.42)	0.00	(0.10)	0.00	0.00	4.88	(5.34)	16.09
GLOB	2.14	0.20	0.10	0.19	2.20	(2.32)	5.26	(3.59)	9.88
INOD	3.78	(0.42)	0.00	(0.15)	0.00	0.00	7.69	(7.73)	18.29
CLVT	2.03	(0.28)	0.00	(0.14)	0.00	0.00	3.31	(4.12)	12.79
DXC	1.95	0.09	0.04	0.11	2.69	(1.88)	3.77	(4.47)	16.29
CNXC	1.96	(0.52)	0.00	(0.48)	0.00	0.00	3.51	(5.11)	14.26
RNG	1.82	(0.15)	0.00	(0.03)	0.00	0.00	3.11	(5.41)	13.96
FORTY	3.10	0.61	0.10	(0.36)	4.13	(3.13)	6.89	(7.68)	19.56
NP	2.91	0.29	0.09	0.33	3.00	(3.48)	7.14	(3.98)	23.42
ASGN	1.76	(0.09)	(0.02)	0.01	2.38	(1.84)	3.26	(3.72)	11.18

VNET Group Corporate Management

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

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