VCI Global Correlations

VCIG Stock

0.73 0.10 12.05%

The current 90-days correlation between VCI Global Limited and CRA International is -0.03 (i.e., Good diversification). The correlation of VCI Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

VCI Global Correlation With Market

Weak diversification

The correlation between VCI Global Limited and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VCI Global Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VCI Global Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with VCI Stock

0.81	BV	BrightView Holdings	Pair Corr
0.71	CIX	CompX International	Pair Corr
0.77	FORR	Forrester Research	Pair Corr
0.78	CXW	CoreCivic	Pair Corr
0.81	DLX	Deluxe	Pair Corr
0.71	FCN	FTI Consulting	Pair Corr
0.65	HNI	HNI Corp	Pair Corr
0.76	FVRR	Fiverr International	Pair Corr
0.86	KBR	KBR Inc	Pair Corr
0.77	RGP	Resources Connection	Pair Corr
0.85	RHI	Robert Half International	Pair Corr
0.75	TBI	TrueBlue	Pair Corr
0.84	HSON	Hudson Global	Pair Corr

Moving against VCI Stock

0.9	WM	Waste Management	Pair Corr
0.83	G	Genpact Limited	Pair Corr
0.8	KC	Kingsoft Cloud Holdings	Pair Corr
0.79	MG	Mistras Group	Pair Corr
0.73	VSEC	VSE Corporation	Pair Corr
0.7	GDS	GDS Holdings Earnings Call Tomorrow	Pair Corr
0.65	ADP	Automatic Data Processing	Pair Corr
0.46	GFL	Gfl Environmental	Pair Corr
0.83	WNS	WNS Holdings	Pair Corr
0.78	PAGS	PagSeguro Digital	Pair Corr
0.76	HURN	Huron Consulting	Pair Corr
0.66	PYCR	Paycor HCM	Pair Corr
0.48	IIIV	i3 Verticals	Pair Corr
0.47	INOD	Innodata	Pair Corr
0.33	HDSN	Hudson Technologies	Pair Corr

Related Correlations Analysis

	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC
CRAI		0.11	0.18	-0.28	0.07	0.21	0.56	0.24	0.36	CRAI
ICFI	0.11		0.94	-0.86	0.9	0.92	0.67	-0.7	0.68	ICFI
FORR	0.18	0.94		-0.87	0.94	0.91	0.72	-0.65	0.85	FORR
HURN	-0.28	-0.86	-0.87		-0.81	-0.77	-0.64	0.58	-0.76	HURN
FCN	0.07	0.9	0.94	-0.81		0.92	0.7	-0.57	0.79	FCN
EXPO	0.21	0.92	0.91	-0.77	0.92		0.78	-0.47	0.76	EXPO
TRU	0.56	0.67	0.72	-0.64	0.7	0.78		-0.13	0.76	TRU
VRSK	0.24	-0.7	-0.65	0.58	-0.57	-0.47	-0.13		-0.27	VRSK
FC	0.36	0.68	0.85	-0.76	0.79	0.76	0.76	-0.27		FC
	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FORR	+ 0.94	ICFI
FCN	+ 0.94	FORR
EXPO	+ 0.92	ICFI
EXPO	+ 0.92	FCN
EXPO	+ 0.91	FORR
FCN	+ 0.9	ICFI

High negative correlations

HURN	- 0.87	FORR
HURN	- 0.86	ICFI
FCN	- 0.81	HURN
EXPO	- 0.77	HURN
FC	- 0.76	HURN
VRSK	- 0.7	ICFI

Risk-Adjusted Indicators

There is a big difference between VCI Stock performing well and VCI Global Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze VCI Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CRAI	1.88	(0.09)	0.00	(0.32)	0.00	0.00	2.85	(3.75)	17.71
ICFI	1.92	(0.59)	0.00	1.01	0.00	0.00	3.96	(3.92)	24.76
FORR	2.02	(0.71)	0.00	(0.77)	0.00	0.00	3.02	(4.19)	15.73
HURN	1.58	0.31	0.17	0.34	1.77	(1.75)	2.63	(3.38)	21.61
FCN	1.15	(0.28)	0.00	(0.64)	0.00	0.00	1.80	(1.99)	17.31
EXPO	0.98	(0.22)	0.00	(0.52)	0.00	0.00	1.71	(2.46)	6.03
TRU	1.72	(0.08)	0.00	(0.12)	0.00	0.00	2.94	(3.44)	13.74
VRSK	0.89	0.04	0.06	0.02	1.26	(0.94)	2.34	(1.66)	6.73
FC	1.72	(0.28)	0.00	(0.32)	0.00	0.00	2.59	(3.17)	13.98

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