VNET Group Correlations
| VNET Stock | USD 8.12 0.24 3.05% |
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
Modest diversification
The correlation between VNET Group DRC and DJI is 0.2 (i.e., Modest 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.
VNET |
Moving together with VNET Stock
| 0.79 | FI | Fiserv, | PairCorr |
| 0.83 | IBM | International Business Sell-off Trend | PairCorr |
| 0.69 | WRD | WeRide American Depo | PairCorr |
| 0.71 | IBEX | IBEX | PairCorr |
Moving against VNET Stock
| 0.83 | FIS | Fidelity National | PairCorr |
| 0.71 | VEEA | Veea Inc Symbol Change | PairCorr |
| 0.64 | DTST | Data Storage Corp | PairCorr |
| 0.6 | DMRC | Digimarc | PairCorr |
| 0.44 | GLE | Global Engine Group | PairCorr |
| 0.32 | DXC | DXC Technology | PairCorr |
| 0.81 | PSN | Parsons Corp | PairCorr |
| 0.81 | LDOS | Leidos Holdings Tech Boost | PairCorr |
| 0.58 | UIS | Unisys | PairCorr |
| 0.57 | VYX | NCR Voyix | PairCorr |
| 0.54 | JDZG | JIADE LIMITED Common | PairCorr |
| 0.48 | WYY | Widepoint C | PairCorr |
| 0.45 | INFY | Infosys Ltd ADR | PairCorr |
| 0.4 | VEEAW | Veea Inc Symbol Change | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CLVT | 1.70 | (0.32) | 0.00 | (0.48) | 0.00 | 2.91 | 11.31 | |||
| WNS | 2.01 | 0.64 | 0.33 | 0.35 | 1.50 | 5.39 | 27.01 | |||
| TWKS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GDS | 5.47 | 0.47 | 0.06 | 1.37 | 7.34 | 11.31 | 34.61 | |||
| CACI | 1.92 | (0.02) | 0.00 | (0.08) | 0.00 | 3.88 | 13.03 | |||
| EXLS | 1.08 | 0.14 | 0.09 | 0.08 | 1.41 | 2.09 | 10.29 | |||
| TASK | 2.05 | (0.25) | 0.00 | 1.26 | 0.00 | 3.84 | 16.92 | |||
| G | 1.05 | 0.26 | 0.23 | 10.90 | 1.02 | 2.24 | 14.50 | |||
| TTEC | 3.37 | 0.25 | 0.07 | 0.41 | 3.54 | 4.60 | 17.00 |