Correlation Between VNET Group and Grid Dynamics
Can any of the company-specific risk be diversified away by investing in both VNET Group and Grid Dynamics 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 Grid Dynamics 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 Grid Dynamics Holdings, you can compare the effects of market volatilities on VNET Group and Grid Dynamics 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 Grid Dynamics. Check out your portfolio center. Please also check ongoing floating volatility patterns of VNET Group and Grid Dynamics.
Diversification Opportunities for VNET Group and Grid Dynamics
-0.73 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between VNET and Grid is -0.73. Overlapping area represents the amount of risk that can be diversified away by holding VNET Group DRC and Grid Dynamics Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Grid Dynamics Holdings 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 Grid Dynamics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Grid Dynamics Holdings has no effect on the direction of VNET Group i.e., VNET Group and Grid Dynamics go up and down completely randomly.
Pair Corralation between VNET Group and Grid Dynamics
Given the investment horizon of 90 days VNET Group DRC is expected to generate 1.35 times more return on investment than Grid Dynamics. However, VNET Group is 1.35 times more volatile than Grid Dynamics Holdings. It trades about 0.07 of its potential returns per unit of risk. Grid Dynamics Holdings is currently generating about -0.13 per unit of risk. If you would invest 885.00 in VNET Group DRC on December 4, 2025 and sell it today you would earn a total of 134.00 from holding VNET Group DRC or generate 15.14% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 98.36% |
| Values | Daily Returns |
VNET Group DRC vs. Grid Dynamics Holdings
Performance |
| Timeline |
| VNET Group DRC |
| Grid Dynamics Holdings |
VNET Group and Grid Dynamics Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with VNET Group and Grid Dynamics
The main advantage of trading using opposite VNET Group and Grid Dynamics positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if VNET Group position performs unexpectedly, Grid Dynamics 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 Grid Dynamics will offset losses from the drop in Grid Dynamics' long position.| VNET Group vs. Paymentus Holdings | VNET Group vs. NIQ Global Intelligence | VNET Group vs. Science Applications International | VNET Group vs. Paysafe |
| Grid Dynamics vs. Cantaloupe | Grid Dynamics vs. Aurora Innovation | Grid Dynamics vs. Eightco Holdings | Grid Dynamics vs. Docebo Inc |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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