VCI Global Correlations

VCIG Stock

0.78 0.00 0.000004%

The current 90-days correlation between VCI Global Limited and Franklin Covey is 0.2 (i.e., Modest 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 0.23 (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

0.67	WM	Waste Management	Pair Corr
0.86	EVGOW	EVgo Equity Warrants	Pair Corr

Moving against VCI Stock

0.94	WNS	WNS Holdings	Pair Corr
0.84	ESGLW	ESGL Holdings Limited	Pair Corr
0.83	WFCF	Where Food Comes	Pair Corr
0.83	HDSN	Hudson Technologies	Pair Corr
0.82	MLKN	MillerKnoll	Pair Corr
0.81	VLTO	Veralto	Pair Corr
0.75	DLX	Deluxe	Pair Corr
0.75	KAR	KAR Auction Services	Pair Corr
0.73	MATW	Matthews International	Pair Corr
0.71	MIMI	Mint Incorporation	Pair Corr
0.69	KC	Kingsoft Cloud Holdings	Pair Corr
0.64	ACU	Acme United	Pair Corr
0.59	SCS	Steelcase	Pair Corr
0.57	BR	Broadridge Financial	Pair Corr
0.51	G	Genpact Limited	Pair Corr
0.45	ZONE	CleanCore Solutions Trending	Pair Corr
0.43	CIX	CompX International	Pair Corr
0.93	R	Ryder System	Pair Corr
0.9	J	Jacobs Solutions	Pair Corr
0.84	BA	Boeing	Pair Corr
0.76	BE	Bloom Energy Corp	Pair Corr
0.76	CR	Crane Company	Pair Corr
0.75	CW	Curtiss Wright	Pair Corr
0.69	BZ	Kanzhun Ltd ADR	Pair Corr
0.68	CMPR	Cimpress NV	Pair Corr
0.67	TOPP	Toppoint Holdings	Pair Corr
0.6	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.51	ACCO	Acco Brands	Pair Corr
0.48	BW	Babcock Wilcox Enter Buyout Trend	Pair Corr
0.32	AMBI	Ambipar Emergency	Pair Corr

Related Correlations Analysis

	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC
CRAI		0.47	-0.13	0.5	0.0	0.34	-0.27	-0.07	0.1	CRAI
ICFI	0.47		-0.3	-0.09	0.49	-0.51	-0.04	-0.81	-0.58	ICFI
FORR	-0.13	-0.3		0.2	0.0	0.37	0.21	0.32	0.28	FORR
HURN	0.5	-0.09	0.2		-0.26	0.69	-0.43	0.5	0.61	HURN
FCN	0.0	0.49	0.0	-0.26		-0.63	0.66	-0.64	-0.69	FCN
EXPO	0.34	-0.51	0.37	0.69	-0.63		-0.39	0.84	0.86	EXPO
TRU	-0.27	-0.04	0.21	-0.43	0.66	-0.39		-0.24	-0.46	TRU
VRSK	-0.07	-0.81	0.32	0.5	-0.64	0.84	-0.24		0.83	VRSK
FC	0.1	-0.58	0.28	0.61	-0.69	0.86	-0.46	0.83		FC
	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC

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

FC	+ 0.86	EXPO
VRSK	+ 0.84	EXPO
FC	+ 0.83	VRSK
EXPO	+ 0.69	HURN
TRU	+ 0.66	FCN
FC	+ 0.61	HURN

High negative correlations

VRSK	- 0.81	ICFI
FC	- 0.69	FCN
VRSK	- 0.64	FCN
EXPO	- 0.63	FCN
FC	- 0.58	ICFI
EXPO	- 0.51	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	1.40	(0.09)	(0.02)	0.04	2.02	(1.43)	3.02	(3.68)	9.69
ICFI	1.25	0.13	0.08	0.25	1.28	(1.45)	2.79	(1.96)	6.84
FORR	2.31	(0.23)	0.00	(0.06)	0.00	0.00	6.23	(4.72)	17.62
HURN	1.22	(0.18)	0.00	(0.01)	0.00	0.00	2.19	(2.30)	9.41
FCN	0.90	0.00	(0.05)	0.11	1.08	(0.91)	1.93	(1.99)	6.26
EXPO	1.31	(0.24)	0.00	(0.06)	0.00	0.00	2.48	(2.55)	6.02
TRU	1.49	(0.15)	(0.03)	0.03	1.76	(1.70)	3.37	(2.92)	8.77
VRSK	0.90	(0.30)	0.00	(0.54)	0.00	0.00	1.35	(2.45)	8.02
FC	1.86	(0.47)	0.00	(0.13)	0.00	0.00	4.01	(3.71)	14.22

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