GDS Holdings Correlations

GDS Stock

USD 28.10 2.34 9.08%

The correlation of GDS Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

GDS Holdings Correlation With Market

Average diversification

The correlation between GDS Holdings and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GDS Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GDS Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GDS Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For more information on how to buy GDS Stock please use our How to Invest in GDS Holdings guide.

Moving together with GDS Stock

0.78	G	Genpact Limited Earnings Call This Week	Pair Corr
0.68	IT	Gartner Earnings Call This Week	Pair Corr
0.68	KD	Kyndryl Holdings	Pair Corr
0.96	VNET	VNET Group DRC	Pair Corr
0.65	NABL	N Able Inc	Pair Corr
0.71	NOTE	FiscalNote Holdings Earnings Call This Week	Pair Corr
0.68	ACN	Accenture plc	Pair Corr
0.63	CDW	CDW Corp Earnings Call This Week	Pair Corr
0.61	DXC	DXC Technology	Pair Corr
0.68	GMM	Global Mofy Metaverse	Pair Corr
0.75	IBM	International Business	Pair Corr
0.69	JFU	9F Inc	Pair Corr
0.68	VYX	NCR Voyix Earnings Call This Week	Pair Corr
0.64	WIT	Wipro Limited ADR	Pair Corr
0.62	GDYN	Grid Dynamics Holdings	Pair Corr
0.81	WRD	WeRide American Depo	Pair Corr
0.71	XRX	Xerox Corp	Pair Corr

Moving against GDS Stock

0.31	MGIC	Magic Software Enter	Pair Corr
0.71	III	Information Services	Pair Corr
0.67	WNS	WNS Holdings	Pair Corr
0.59	GLE	Global Engine Group	Pair Corr
0.47	FIS	Fidelity National	Pair Corr

Related Correlations Analysis

	CD	TWKS	EXLS	IT	VNET	CLVT	CACI	ASGN	G
CD		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CD
TWKS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TWKS
EXLS	0.0	0.0		0.88	0.58	0.92	-0.5	0.77	0.81	EXLS
IT	0.0	0.0	0.88		0.7	0.91	-0.6	0.86	0.75	IT
VNET	0.0	0.0	0.58	0.7		0.65	-0.81	0.57	0.79	VNET
CLVT	0.0	0.0	0.92	0.91	0.65		-0.48	0.77	0.77	CLVT
CACI	0.0	0.0	-0.5	-0.6	-0.81	-0.48		-0.65	-0.65	CACI
ASGN	0.0	0.0	0.77	0.86	0.57	0.77	-0.65		0.55	ASGN
G	0.0	0.0	0.81	0.75	0.79	0.77	-0.65	0.55		G
	CD	TWKS	EXLS	IT	VNET	CLVT	CACI	ASGN	G

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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

CLVT	+ 0.92	EXLS
CLVT	+ 0.91	IT
IT	+ 0.88	EXLS
ASGN	+ 0.86	IT
G	+ 0.81	EXLS
G	+ 0.79	VNET

High negative correlations

CACI	- 0.81	VNET
G	- 0.65	CACI
ASGN	- 0.65	CACI
CACI	- 0.6	IT
CACI	- 0.5	EXLS
CACI	- 0.48	CLVT

Risk-Adjusted Indicators

There is a big difference between GDS Stock performing well and GDS Holdings 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 GDS Holdings' 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
CD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TWKS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EXLS	1.52	(0.10)	0.00	(1.05)	0.00	0.00	2.09	(4.32)	12.26
IT	1.51	(0.39)	0.00	2.38	0.00	0.00	2.57	(3.47)	11.06
VNET	5.61	0.20	0.05	(2.20)	6.47	(6.42)	12.92	(10.40)	30.31
CLVT	2.94	(0.21)	0.00	3.95	0.00	0.00	4.86	(7.10)	26.67
CACI	1.71	0.30	0.21	(4.34)	1.65	(1.89)	5.77	(3.58)	12.31
ASGN	1.95	(0.80)	0.00	3.98	0.00	0.00	2.45	(4.84)	19.92
G	1.32	0.04	0.09	(0.87)	1.72	(1.38)	1.60	(3.21)	15.00

GDS Holdings Corporate Management

Daniel Newman	Chief Officer	Profile
Laura Chen	IR Contact Officer	Profile
Yixin Qian	Executive Operation	Profile
Kejing Zhang	Executive Service	Profile

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