Correlation Between Concorde International and VCI Global
Can any of the company-specific risk be diversified away by investing in both Concorde International and VCI Global 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 Concorde International and VCI Global into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Concorde International Group and VCI Global Limited, you can compare the effects of market volatilities on Concorde International and VCI Global 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 Concorde International with a short position of VCI Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of Concorde International and VCI Global.
Diversification Opportunities for Concorde International and VCI Global
0.12 | Correlation Coefficient |
Average diversification
The 3 months correlation between Concorde and VCI is 0.12. Overlapping area represents the amount of risk that can be diversified away by holding Concorde International Group and VCI Global Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on VCI Global Limited and Concorde International 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 Concorde International Group are associated (or correlated) with VCI Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of VCI Global Limited has no effect on the direction of Concorde International i.e., Concorde International and VCI Global go up and down completely randomly.
Pair Corralation between Concorde International and VCI Global
Given the investment horizon of 90 days Concorde International Group is expected to generate 0.21 times more return on investment than VCI Global. However, Concorde International Group is 4.69 times less risky than VCI Global. It trades about -0.43 of its potential returns per unit of risk. VCI Global Limited is currently generating about -0.09 per unit of risk. If you would invest 270.00 in Concorde International Group on August 24, 2025 and sell it today you would lose (97.00) from holding Concorde International Group or give up 35.93% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Concorde International Group vs. VCI Global Limited
Performance |
| Timeline |
| Concorde International |
| VCI Global Limited |
Concorde International and VCI Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Concorde International and VCI Global
The main advantage of trading using opposite Concorde International and VCI Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Concorde International position performs unexpectedly, VCI Global 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 VCI Global will offset losses from the drop in VCI Global's long position.| Concorde International vs. Bridger Aerospace Group | Concorde International vs. Iveda Solutions | Concorde International vs. BIO Key International | Concorde International vs. Expion360 |
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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 Global Correlations module to find global opportunities by holding instruments from different markets.
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