Correlation Between EPWK Holdings and VCI Global
Can any of the company-specific risk be diversified away by investing in both EPWK Holdings 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 EPWK Holdings and VCI Global into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between EPWK Holdings Ltd and VCI Global Limited, you can compare the effects of market volatilities on EPWK Holdings 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 EPWK Holdings with a short position of VCI Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of EPWK Holdings and VCI Global.
Diversification Opportunities for EPWK Holdings and VCI Global
0.68 | Correlation Coefficient |
Poor diversification
The 3 months correlation between EPWK and VCI is 0.68. Overlapping area represents the amount of risk that can be diversified away by holding EPWK Holdings Ltd 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 EPWK Holdings 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 EPWK Holdings Ltd 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 EPWK Holdings i.e., EPWK Holdings and VCI Global go up and down completely randomly.
Pair Corralation between EPWK Holdings and VCI Global
Given the investment horizon of 90 days EPWK Holdings Ltd is expected to generate 6.27 times more return on investment than VCI Global. However, EPWK Holdings is 6.27 times more volatile than VCI Global Limited. It trades about 0.06 of its potential returns per unit of risk. VCI Global Limited is currently generating about -0.15 per unit of risk. If you would invest 500.00 in EPWK Holdings Ltd on August 31, 2025 and sell it today you would lose (362.00) from holding EPWK Holdings Ltd or give up 72.4% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 42.11% |
| Values | Daily Returns |
EPWK Holdings Ltd vs. VCI Global Limited
Performance |
| Timeline |
| EPWK Holdings |
| VCI Global Limited |
EPWK Holdings and VCI Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with EPWK Holdings and VCI Global
The main advantage of trading using opposite EPWK Holdings and VCI Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if EPWK Holdings 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.| EPWK Holdings vs. Zane Interactive Publishing | EPWK Holdings vs. Education Management Corp | EPWK Holdings vs. Global Education Communities | EPWK Holdings vs. Laureate Education |
| VCI Global vs. DATA Communications Management | VCI Global vs. CleanTech Lithium Plc | VCI Global vs. Hemisphere Energy | VCI Global vs. Video Display |
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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