VCI Global Correlations

VCIG Stock

4.39 0.29 7.07%

The current 90-days correlation between VCI Global Limited and CRA International is -0.18 (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

Good diversification

The correlation between VCI Global Limited and DJI is -0.11 (i.e., Good 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.

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

0.72	WHLM	Wilhelmina	Pair Corr
0.66	EXPO	Exponent	Pair Corr
0.88	EFX	Equifax	Pair Corr
0.81	FCN	FTI Consulting	Pair Corr
0.63	RGP	Resources Connection	Pair Corr
0.76	CVEO	Civeo Corp	Pair Corr
0.68	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.85	CP	Canadian Pacific Railway	Pair Corr

Moving against VCI Stock

0.86	LZ	LegalZoom	Pair Corr
0.83	CTAS	Cintas	Pair Corr
0.82	INOD	Innodata Buyout Trend	Pair Corr
0.8	CRAI	CRA International	Pair Corr
0.79	HURN	Huron Consulting	Pair Corr
0.76	CASS	Cass Information Systems Fiscal Year End 23rd of January 2025	Pair Corr
0.72	B	Barnes Group	Pair Corr
0.7	VRSK	Verisk Analytics	Pair Corr
0.7	J	Jacobs Solutions	Pair Corr
0.62	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.56	VIRC	Virco Manufacturing Earnings Call This Week	Pair Corr
0.51	HNI	HNI Corp	Pair Corr
0.5	EVGOW	EVgo Equity Warrants	Pair Corr
0.93	AZ	A2Z Smart Technologies	Pair Corr
0.82	PH	Parker Hannifin	Pair Corr
0.81	CW	Curtiss Wright	Pair Corr
0.81	NX	Quanex Building Products Fiscal Year End 12th of December 2024	Pair Corr
0.8	DIST	Distoken Acquisition	Pair Corr
0.76	R	Ryder System	Pair Corr
0.76	CR	Crane Company	Pair Corr
0.72	KE	Kimball Electronics	Pair Corr
0.7	NL	NL Industries	Pair Corr
0.68	AL	Air Lease	Pair Corr
0.67	BV	BrightView Holdings	Pair Corr

Related Correlations Analysis

	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC
CRAI		-0.14	-0.66	0.63	-0.56	-0.33	0.44	0.51	-0.24	CRAI
ICFI	-0.14		-0.12	-0.47	0.48	0.55	0.49	-0.67	0.82	ICFI
FORR	-0.66	-0.12		-0.13	0.45	0.27	-0.44	-0.04	-0.02	FORR
HURN	0.63	-0.47	-0.13		-0.7	-0.55	-0.08	0.87	-0.5	HURN
FCN	-0.56	0.48	0.45	-0.7		0.89	0.28	-0.66	0.61	FCN
EXPO	-0.33	0.55	0.27	-0.55	0.89		0.55	-0.6	0.68	EXPO
TRU	0.44	0.49	-0.44	-0.08	0.28	0.55		-0.28	0.48	TRU
VRSK	0.51	-0.67	-0.04	0.87	-0.66	-0.6	-0.28		-0.7	VRSK
FC	-0.24	0.82	-0.02	-0.5	0.61	0.68	0.48	-0.7		FC
	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

EXPO	+ 0.89	FCN
VRSK	+ 0.87	HURN
FC	+ 0.82	ICFI
FC	+ 0.68	EXPO
HURN	+ 0.63	CRAI
FC	+ 0.61	FCN

High negative correlations

FC	- 0.7	VRSK
FCN	- 0.7	HURN
VRSK	- 0.67	ICFI
VRSK	- 0.66	FCN
FORR	- 0.66	CRAI
VRSK	- 0.6	EXPO

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	1.53	0.08	0.06	0.18	2.04	(1.43)	2.86	(3.40)	12.45
ICFI	1.31	(0.36)	0.00	(0.24)	0.00	0.00	2.60	(2.09)	16.28
FORR	1.79	(0.32)	0.00	(0.09)	0.00	0.00	3.15	(3.77)	10.89
HURN	1.23	0.07	0.08	0.18	1.01	(1.58)	2.72	(1.60)	14.16
FCN	0.97	(0.24)	0.00	(0.19)	0.00	0.00	1.82	(2.06)	14.08
EXPO	1.33	(0.32)	0.00	(0.05)	0.00	0.00	2.26	(2.52)	11.88
TRU	1.25	(0.05)	(0.01)	0.08	1.75	(1.14)	2.73	(2.86)	8.10
VRSK	0.66	0.10	(0.01)	0.94	0.78	(0.73)	1.66	(1.35)	6.41
FC	1.49	(0.29)	0.00	(0.07)	0.00	0.00	2.45	(3.04)	22.53

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC