Correlation Between VNET Group and Strive Asset
Can any of the company-specific risk be diversified away by investing in both VNET Group and Strive Asset 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 VNET Group and Strive Asset into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between VNET Group DRC and Strive Asset Management, you can compare the effects of market volatilities on VNET Group and Strive Asset 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 VNET Group with a short position of Strive Asset. Check out your portfolio center. Please also check ongoing floating volatility patterns of VNET Group and Strive Asset.
Diversification Opportunities for VNET Group and Strive Asset
0.78 | Correlation Coefficient |
Poor diversification
The 3 months correlation between VNET and Strive is 0.78. Overlapping area represents the amount of risk that can be diversified away by holding VNET Group DRC and Strive Asset Management in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Strive Asset Management and VNET Group 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 VNET Group DRC are associated (or correlated) with Strive Asset. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Strive Asset Management has no effect on the direction of VNET Group i.e., VNET Group and Strive Asset go up and down completely randomly.
Pair Corralation between VNET Group and Strive Asset
Given the investment horizon of 90 days VNET Group DRC is expected to generate 0.36 times more return on investment than Strive Asset. However, VNET Group DRC is 2.77 times less risky than Strive Asset. It trades about -0.05 of its potential returns per unit of risk. Strive Asset Management is currently generating about -0.23 per unit of risk. If you would invest 894.00 in VNET Group DRC on September 29, 2025 and sell it today you would lose (25.00) from holding VNET Group DRC or give up 2.8% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
VNET Group DRC vs. Strive Asset Management
Performance |
| Timeline |
| VNET Group DRC |
| Strive Asset Management |
VNET Group and Strive Asset Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with VNET Group and Strive Asset
The main advantage of trading using opposite VNET Group and Strive Asset positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if VNET Group position performs unexpectedly, Strive Asset 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 Strive Asset will offset losses from the drop in Strive Asset's long position.| VNET Group vs. C3 Ai Inc | VNET Group vs. Globant SA | VNET Group vs. Innodata | VNET Group vs. CLARIVATE PLC |
| Strive Asset vs. Getty Images Holdings | Strive Asset vs. SimilarWeb | Strive Asset vs. Shutterstock | Strive Asset vs. NXDR |
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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