Correlation Between VNET Group and Rumble
Can any of the company-specific risk be diversified away by investing in both VNET Group and Rumble 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 Rumble 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 Rumble Inc, you can compare the effects of market volatilities on VNET Group and Rumble 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 Rumble. Check out your portfolio center. Please also check ongoing floating volatility patterns of VNET Group and Rumble.
Diversification Opportunities for VNET Group and Rumble
-0.12 | Correlation Coefficient |
Good diversification
The 3 months correlation between VNET and Rumble is -0.12. Overlapping area represents the amount of risk that can be diversified away by holding VNET Group DRC and Rumble Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rumble 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 Rumble. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rumble Inc has no effect on the direction of VNET Group i.e., VNET Group and Rumble go up and down completely randomly.
Pair Corralation between VNET Group and Rumble
Given the investment horizon of 90 days VNET Group DRC is expected to generate 0.88 times more return on investment than Rumble. However, VNET Group DRC is 1.13 times less risky than Rumble. It trades about 0.07 of its potential returns per unit of risk. Rumble Inc is currently generating about 0.0 per unit of risk. If you would invest 928.00 in VNET Group DRC on November 4, 2025 and sell it today you would earn a total of 125.00 from holding VNET Group DRC or generate 13.47% 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. Rumble Inc
Performance |
| Timeline |
| VNET Group DRC |
| Rumble Inc |
VNET Group and Rumble Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with VNET Group and Rumble
The main advantage of trading using opposite VNET Group and Rumble positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if VNET Group position performs unexpectedly, Rumble 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 Rumble will offset losses from the drop in Rumble'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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