Correlation Between Grid Dynamics and VNET Group
Can any of the company-specific risk be diversified away by investing in both Grid Dynamics and VNET Group at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Grid Dynamics and VNET Group into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Grid Dynamics Holdings and VNET Group DRC, you can compare the effects of market volatilities on Grid Dynamics and VNET Group and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Grid Dynamics with a short position of VNET Group. Check out your portfolio center. Please also check ongoing floating volatility patterns of Grid Dynamics and VNET Group.
Diversification Opportunities for Grid Dynamics and VNET Group
-0.75 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Grid and VNET is -0.75. Overlapping area represents the amount of risk that can be diversified away by holding Grid Dynamics Holdings and VNET Group DRC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on VNET Group DRC and Grid Dynamics is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Grid Dynamics Holdings are associated (or correlated) with VNET Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of VNET Group DRC has no effect on the direction of Grid Dynamics i.e., Grid Dynamics and VNET Group go up and down completely randomly.
Pair Corralation between Grid Dynamics and VNET Group
Given the investment horizon of 90 days Grid Dynamics Holdings is expected to under-perform the VNET Group. But the stock apears to be less risky and, when comparing its historical volatility, Grid Dynamics Holdings is 1.28 times less risky than VNET Group. The stock trades about -0.1 of its potential returns per unit of risk. The VNET Group DRC is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest 897.00 in VNET Group DRC on November 29, 2025 and sell it today you would earn a total of 181.00 from holding VNET Group DRC or generate 20.18% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Grid Dynamics Holdings vs. VNET Group DRC
Performance |
| Timeline |
| Grid Dynamics Holdings |
| VNET Group DRC |
Grid Dynamics and VNET Group Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Grid Dynamics and VNET Group
The main advantage of trading using opposite Grid Dynamics and VNET Group positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Grid Dynamics position performs unexpectedly, VNET Group can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in VNET Group will offset losses from the drop in VNET Group's long position.| Grid Dynamics vs. Cantaloupe | Grid Dynamics vs. Aurora Innovation | Grid Dynamics vs. Eightco Holdings | Grid Dynamics vs. Docebo Inc |
| VNET Group vs. C3 Ai Inc | VNET Group vs. Globant SA | VNET Group vs. Innodata | VNET Group vs. CLARIVATE PLC |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Other Complementary Tools
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |