Correlation Between VNET Group and NTT Data
Can company-specific risk be reduced by holding VNET Group DRC and NTT Data Corp together? Use this page to interpret how VNET Group DRC and NTT Data Corp interact and how much diversifiable risk remains.
Evaluate how VNET Group DRC and NTT Data Corp react to market stress to decide if the pair supports your risk target. You can also test a long VNET Group and short NTT Data structure to evaluate relative-value behavior. Review volatility patterns in VNET Group and NTT Data. Go to your portfolio center
Diversification Opportunities for VNET Group and NTT Data
0.05 | Correlation Coefficient |
Significant diversification
The 3 months correlation between VNET and NTT is 0.05. Overlapping area represents the amount of risk that can be diversified away by holding VNET Group DRC and NTT Data Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on NTT Data Corp and VNET Group 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 VNET Group DRC are associated (or correlated) with NTT Data. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NTT Data Corp has no effect on the direction of VNET Group i.e., VNET Group and NTT Data go up and down completely randomly.
Pair Corralation between VNET Group and NTT Data
Given the investment horizon of 90 days VNET Group DRC is expected to generate 0.21 times more return on investment than NTT Data. However, VNET Group DRC is 4.69 times less risky than NTT Data. It trades about 0.09 of its potential returns per unit of risk. NTT Data Corp is currently generating about -0.21 per unit of risk. If you had invested $ 918.00 in VNET Group DRC on December 12, 2025 and sold it today you would have earned a total of $ 197.00 from holding VNET Group DRC or generated 21.46% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 35.0% |
| Values | Daily Returns |
VNET Group DRC vs. NTT Data Corp
Performance |
| Timeline |
| VNET Group DRC |
Risk-Adjusted Performance
Contained
Weak | Strong |
| NTT Data Corp |
Risk-Adjusted Performance
Weak
Weak | Strong |
VNET Group and NTT Data Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with VNET Group and NTT Data
Pair trading between VNET Group and NTT Data can reduce some unsystematic risk by balancing one position against another. The stronger process checks whether the correlation is stable enough to justify the hedge logic before the trade is sized.| VNET Group vs. C3 Ai Inc | VNET Group vs. Globant SA | VNET Group vs. Innodata | VNET Group vs. CLARIVATE PLC |
| NTT Data vs. Disco Corp ADR | NTT Data vs. Dassault Systemes SE | NTT Data vs. Dassault Systemes SA | NTT Data vs. Fujitsu Limited |
Go to your portfolio centerThe information on this page should be treated as a complementary input when building or adjusting a diversified portfolio. The stronger workflow is to validate these signals with other models before acting. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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