Correlation Between VNET Group and Core Scientific
Can any of the company-specific risk be diversified away by investing in both VNET Group and Core Scientific 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 Core Scientific 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 Core Scientific Common, you can compare the effects of market volatilities on VNET Group and Core Scientific 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 Core Scientific. Check out your portfolio center. Please also check ongoing floating volatility patterns of VNET Group and Core Scientific.
Diversification Opportunities for VNET Group and Core Scientific
0.69 | Correlation Coefficient |
Poor diversification
The 3 months correlation between VNET and Core is 0.69. Overlapping area represents the amount of risk that can be diversified away by holding VNET Group DRC and Core Scientific Common in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Core Scientific Common 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 Core Scientific. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Core Scientific Common has no effect on the direction of VNET Group i.e., VNET Group and Core Scientific go up and down completely randomly.
Pair Corralation between VNET Group and Core Scientific
Given the investment horizon of 90 days VNET Group DRC is expected to generate 0.96 times more return on investment than Core Scientific. However, VNET Group DRC is 1.04 times less risky than Core Scientific. It trades about 0.2 of its potential returns per unit of risk. Core Scientific Common is currently generating about 0.09 per unit of risk. If you would invest 858.00 in VNET Group DRC on November 17, 2025 and sell it today you would earn a total of 522.00 from holding VNET Group DRC or generate 60.84% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
VNET Group DRC vs. Core Scientific Common
Performance |
| Timeline |
| VNET Group DRC |
| Core Scientific Common |
VNET Group and Core Scientific Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with VNET Group and Core Scientific
The main advantage of trading using opposite VNET Group and Core Scientific positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if VNET Group position performs unexpectedly, Core Scientific 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 Core Scientific will offset losses from the drop in Core Scientific's long position.| VNET Group vs. C3 Ai Inc | VNET Group vs. Globant SA | VNET Group vs. Innodata | VNET Group vs. CLARIVATE PLC |
| Core Scientific vs. Bullish | Core Scientific vs. SentinelOne | Core Scientific vs. SoundHound AI | Core Scientific vs. Shift4 Payments |
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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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