VNET Group Correlations

VNET Stock

USD 8.29 0.57 6.43%

The correlation of VNET Group 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. If the correlation is 0, the equities are not correlated; they are entirely random.

VNET Group Correlation With Market

Average diversification

The correlation between VNET Group DRC and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VNET Group DRC 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 VNET Group DRC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with VNET Stock

0.84	FI	Fiserv,	Pair Corr
0.86	IBM	International Business	Pair Corr
0.64	WRD	WeRide American Depo	Pair Corr
0.94	IBEX	IBEX	Pair Corr

Moving against VNET Stock

0.86	FIS	Fidelity National	Pair Corr
0.85	VEEA	Veea Inc Symbol Change	Pair Corr
0.71	DMRC	Digimarc	Pair Corr
0.7	DTST	Data Storage Corp Earnings Call This Week	Pair Corr
0.56	DXC	DXC Technology	Pair Corr
0.45	GLE	Global Engine Group Tech Boost	Pair Corr
0.42	EPAM	EPAM Systems	Pair Corr
0.92	PSN	Parsons Corp	Pair Corr
0.84	LDOS	Leidos Holdings	Pair Corr
0.8	VYX	NCR Voyix	Pair Corr
0.78	VEEAW	Veea Inc Symbol Change	Pair Corr
0.73	SLNHP	Soluna Holdings Preferred	Pair Corr
0.72	INFY	Infosys Ltd ADR	Pair Corr
0.68	UIS	Unisys	Pair Corr
0.66	WYY	Widepoint C	Pair Corr
0.66	GLOB	Globant SA	Pair Corr
0.33	WIT	Wipro Limited ADR	Pair Corr

Related Correlations Analysis

	CD	CLVT	WNS	TWKS	GDS	CACI	EXLS	TASK	G	TTEC
CD		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CD
CLVT	0.0		-0.32	0.0	-0.72	0.59	0.14	0.88	-0.51	0.53	CLVT
WNS	0.0	-0.32		0.0	0.52	-0.61	0.68	-0.43	0.76	-0.73	WNS
TWKS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	TWKS
GDS	0.0	-0.72	0.52	0.0		-0.81	0.32	-0.73	0.83	-0.63	GDS
CACI	0.0	0.59	-0.61	0.0	-0.81		-0.39	0.55	-0.8	0.51	CACI
EXLS	0.0	0.14	0.68	0.0	0.32	-0.39		0.01	0.72	-0.6	EXLS
TASK	0.0	0.88	-0.43	0.0	-0.73	0.55	0.01		-0.55	0.64	TASK
G	0.0	-0.51	0.76	0.0	0.83	-0.8	0.72	-0.55		-0.77	G
TTEC	0.0	0.53	-0.73	0.0	-0.63	0.51	-0.6	0.64	-0.77		TTEC
	CD	CLVT	WNS	TWKS	GDS	CACI	EXLS	TASK	G	TTEC

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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

TASK	+ 0.88	CLVT
G	+ 0.83	GDS
G	+ 0.76	WNS
G	+ 0.72	EXLS
EXLS	+ 0.68	WNS
TTEC	+ 0.64	TASK

High negative correlations

CACI	- 0.81	GDS
G	- 0.8	CACI
TTEC	- 0.77	G
TASK	- 0.73	GDS
TTEC	- 0.73	WNS
GDS	- 0.72	CLVT

Risk-Adjusted Indicators

There is a big difference between VNET Stock performing well and VNET Group 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 VNET Group'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
CD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLVT	1.82	(0.25)	0.00	(0.58)	0.00	0.00	3.51	(4.06)	15.50
WNS	1.85	0.55	0.26	0.32	1.69	(2.17)	4.57	(3.21)	26.44
TWKS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GDS	5.20	0.83	0.11	8.27	6.92	(5.05)	11.31	(12.86)	34.61
CACI	1.85	(0.11)	0.00	(0.42)	0.00	0.00	3.69	(4.30)	13.03
EXLS	1.10	0.12	0.07	0.03	1.54	(1.09)	2.09	(2.63)	10.29
TASK	2.54	(0.18)	0.00	(0.28)	0.00	0.00	4.86	(6.24)	28.38
G	1.08	0.24	0.22	0.35	1.08	(1.21)	2.24	(2.26)	13.98
TTEC	2.38	(0.66)	0.00	(1.67)	0.00	0.00	3.55	(6.37)	16.47

VNET Group Corporate Management

Ju Ma	Group Group	Profile
Tim Chen	Chief Officer	Profile
Jeff Dong	Pres CEO	Profile
Qiyu Wang	Chief Officer	Profile

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