Correlation Between VNET Group and Cloudastructure
Can any of the company-specific risk be diversified away by investing in both VNET Group and Cloudastructure 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 Cloudastructure 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 Cloudastructure Class A, you can compare the effects of market volatilities on VNET Group and Cloudastructure 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 Cloudastructure. Check out your portfolio center. Please also check ongoing floating volatility patterns of VNET Group and Cloudastructure.
Diversification Opportunities for VNET Group and Cloudastructure
-0.62 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between VNET and Cloudastructure is -0.62. Overlapping area represents the amount of risk that can be diversified away by holding VNET Group DRC and Cloudastructure Class A in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cloudastructure Class 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 Cloudastructure. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cloudastructure Class has no effect on the direction of VNET Group i.e., VNET Group and Cloudastructure go up and down completely randomly.
Pair Corralation between VNET Group and Cloudastructure
Given the investment horizon of 90 days VNET Group DRC is expected to generate 0.59 times more return on investment than Cloudastructure. However, VNET Group DRC is 1.71 times less risky than Cloudastructure. It trades about 0.2 of its potential returns per unit of risk. Cloudastructure Class A is currently generating about -0.08 per unit of risk. If you would invest 858.00 in VNET Group DRC on November 16, 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 Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
VNET Group DRC vs. Cloudastructure Class A
Performance |
| Timeline |
| VNET Group DRC |
| Cloudastructure Class |
VNET Group and Cloudastructure Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with VNET Group and Cloudastructure
The main advantage of trading using opposite VNET Group and Cloudastructure positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if VNET Group position performs unexpectedly, Cloudastructure 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 Cloudastructure will offset losses from the drop in Cloudastructure's long position.| VNET Group vs. C3 Ai Inc | VNET Group vs. Globant SA | VNET Group vs. Innodata | VNET Group vs. CLARIVATE PLC |
| Cloudastructure vs. Swvl Holdings Corp | Cloudastructure vs. Cyngn Inc | Cloudastructure vs. Blackboxstocks | Cloudastructure vs. BeLive Holdings Ordinary |
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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