VCI Global Correlations

VCIG Stock

0.62 0.04 6.90%

The current 90-days correlation between VCI Global Limited and Zoomcar Holdings is -0.06 (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

Modest diversification

The correlation between VCI Global Limited and DJI is 0.21 (i.e., Modest 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.

Build AI portfolio with VCI Stock

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

0.88	0E1Y	Chargeurs	Pair Corr
0.68	BV	BrightView Holdings	Pair Corr
0.73	0MPL	SGL Carbon SE	Pair Corr
0.76	0K7V	News Corp Cl	Pair Corr
0.68	0QVK	COFACE	Pair Corr
0.83	0I0J	Clorox	Pair Corr
0.85	0RFX	Bell Food Group	Pair Corr
0.9	0KB3	Nexity	Pair Corr
0.61	0R3E	Lockheed Martin Corp	Pair Corr

Moving against VCI Stock

0.83	0J4G	Helmerich Payne	Pair Corr
0.82	0EWD	Interpump Group SpA	Pair Corr
0.78	0HAH	Fortum Oyj	Pair Corr
0.73	0JVV	Lumentum Holdings	Pair Corr
0.59	0NV5	UPM Kymmene Oyj	Pair Corr
0.45	0QWA	Logista	Pair Corr
0.45	003027	Tongxing Environmental	Pair Corr
0.84	0RJI	Anheuser Busch Inbev	Pair Corr
0.67	0HRZ	Cabot Oil Gas	Pair Corr
0.63	0GWB	Lundbergforetagen AB	Pair Corr
0.61	0FQ8	Pharol SGPS SA	Pair Corr
0.53	0I3Z	Deutsche Euroshop	Pair Corr
0.53	0G9R	PowerCell Sweden	Pair Corr
0.5	301127	Wuhan Tianyuan Envir	Pair Corr
0.37	0LHR	Tyson Foods Cl	Pair Corr
0.59	0KII	SSAB AB ser	Pair Corr
0.35	0GZV	Getinge AB ser	Pair Corr

Related Correlations Analysis

	ZCAR	EPWK	RAIN	CISS	CAPT	SMX	SGBX	FPAY	BLMZ
ZCAR		0.66	-0.57	0.78	0.8	-0.14	0.53	0.74	0.86	ZCAR
EPWK	0.66		-0.31	0.45	0.53	0.26	0.69	0.88	0.51	EPWK
RAIN	-0.57	-0.31		-0.62	-0.65	0.36	-0.31	-0.32	-0.55	RAIN
CISS	0.78	0.45	-0.62		0.73	-0.25	0.22	0.46	0.88	CISS
CAPT	0.8	0.53	-0.65	0.73		-0.24	0.49	0.61	0.73	CAPT
SMX	-0.14	0.26	0.36	-0.25	-0.24		0.32	0.34	-0.24	SMX
SGBX	0.53	0.69	-0.31	0.22	0.49	0.32		0.73	0.21	SGBX
FPAY	0.74	0.88	-0.32	0.46	0.61	0.34	0.73		0.58	FPAY
BLMZ	0.86	0.51	-0.55	0.88	0.73	-0.24	0.21	0.58		BLMZ
	ZCAR	EPWK	RAIN	CISS	CAPT	SMX	SGBX	FPAY	BLMZ

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

FPAY	+ 0.88	EPWK
BLMZ	+ 0.88	CISS
BLMZ	+ 0.86	ZCAR
CAPT	+ 0.8	ZCAR
CISS	+ 0.78	ZCAR
FPAY	+ 0.74	ZCAR

High negative correlations

CAPT	- 0.65	RAIN
CISS	- 0.62	RAIN
RAIN	- 0.57	ZCAR
BLMZ	- 0.55	RAIN
FPAY	- 0.32	RAIN
SGBX	- 0.31	RAIN

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
ZCAR	9.00	(1.84)	0.00	(3.04)	0.00	0.00	16.67	(20.00)	61.00
EPWK	9.37	(3.06)	0.00	0.93	0.00	0.00	25.36	(21.64)	90.57
RAIN	4.70	0.59	0.12	0.24	5.51	(5.46)	11.31	(10.06)	31.24
CISS	6.57	(1.58)	0.00	1.46	0.00	0.00	6.21	(16.00)	164.86
CAPT	5.94	(1.34)	0.00	1.31	0.00	0.00	9.64	(16.33)	55.26
SMX	26.12	5.81	0.35	0.40	17.39	(40.49)	135.45	(32.75)	309.89
SGBX	12.56	0.23	0.00	0.03	0.00	0.00	32.22	(23.35)	129.66
FPAY	32.06	8.88	0.21	(0.27)	24.14	(72.44)	53.33	(57.14)	757.14
BLMZ	9.84	(4.48)	0.00	(1.59)	0.00	0.00	13.98	(27.36)	113.76

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