Correlation Between VNET Group and Intapp
Can any of the company-specific risk be diversified away by investing in both VNET Group and Intapp 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 Intapp 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 Intapp Inc, you can compare the effects of market volatilities on VNET Group and Intapp 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 Intapp. Check out your portfolio center. Please also check ongoing floating volatility patterns of VNET Group and Intapp.
Diversification Opportunities for VNET Group and Intapp
-0.22 | Correlation Coefficient |
Very good diversification
The 3 months correlation between VNET and Intapp is -0.22. Overlapping area represents the amount of risk that can be diversified away by holding VNET Group DRC and Intapp Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intapp Inc 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 Intapp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intapp Inc has no effect on the direction of VNET Group i.e., VNET Group and Intapp go up and down completely randomly.
Pair Corralation between VNET Group and Intapp
Given the investment horizon of 90 days VNET Group DRC is expected to under-perform the Intapp. In addition to that, VNET Group is 1.05 times more volatile than Intapp Inc. It trades about -0.07 of its total potential returns per unit of risk. Intapp Inc is currently generating about 0.21 per unit of volatility. If you would invest 4,268 in Intapp Inc on October 1, 2025 and sell it today you would earn a total of 384.00 from holding Intapp Inc or generate 9.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
VNET Group DRC vs. Intapp Inc
Performance |
| Timeline |
| VNET Group DRC |
| Intapp Inc |
VNET Group and Intapp Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with VNET Group and Intapp
The main advantage of trading using opposite VNET Group and Intapp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if VNET Group position performs unexpectedly, Intapp 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 Intapp will offset losses from the drop in Intapp's long position.| 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Other Complementary Tools
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |