VCI Global Correlations

VCIG Stock

0.96 0.06 6.67%

The current 90-days correlation between VCI Global Limited and Franklin Covey is 0.25 (i.e., Modest 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

Modest diversification

The correlation between VCI Global Limited and DJI is 0.26 (i.e., Modest 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.

Build AI portfolio with VCI Stock

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

0.84	NL	NL Industries	Pair Corr
0.77	KBR	KBR Inc Earnings Call This Week	Pair Corr

Moving against VCI Stock

0.83	WLDN	Willdan Group	Pair Corr
0.74	BTM	Bitcoin Depot	Pair Corr
0.64	DLHC	DLH Holdings Corp	Pair Corr
0.47	VLTO	Veralto	Pair Corr
0.39	DLX	Deluxe	Pair Corr
0.38	DXST	Decent Holding Ordinary	Pair Corr
0.35	LZ	LegalZoom	Pair Corr
0.33	BR	Broadridge Financial	Pair Corr
0.79	MATW	Matthews International	Pair Corr
0.79	MIMI	Mint Incorporation	Pair Corr
0.77	TIXT	TELUS International	Pair Corr
0.75	KFY	Korn Ferry	Pair Corr
0.73	STN	Stantec	Pair Corr
0.72	MLKN	MillerKnoll	Pair Corr
0.68	KAR	KAR Auction Services	Pair Corr
0.66	RCMT	RCM Technologies	Pair Corr
0.63	HNI	HNI Corp Earnings Call This Week	Pair Corr
0.6	MSA	MSA Safety Earnings Call This Week	Pair Corr
0.59	TILE	Interface	Pair Corr
0.52	KFRC	Kforce Inc	Pair Corr

Related Correlations Analysis

	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC
CRAI		0.57	0.63	0.14	-0.08	-0.32	0.77	0.74	0.55	CRAI
ICFI	0.57		0.61	0.09	0.21	0.05	0.52	0.21	0.26	ICFI
FORR	0.63	0.61		0.41	0.03	0.11	0.46	0.63	0.6	FORR
HURN	0.14	0.09	0.41		0.45	0.47	-0.05	0.28	0.34	HURN
FCN	-0.08	0.21	0.03	0.45		0.33	-0.1	-0.21	-0.32	FCN
EXPO	-0.32	0.05	0.11	0.47	0.33		-0.43	-0.23	0.14	EXPO
TRU	0.77	0.52	0.46	-0.05	-0.1	-0.43		0.45	0.3	TRU
VRSK	0.74	0.21	0.63	0.28	-0.21	-0.23	0.45		0.7	VRSK
FC	0.55	0.26	0.6	0.34	-0.32	0.14	0.3	0.7		FC
	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC

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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

TRU	+ 0.77	CRAI
VRSK	+ 0.74	CRAI
FC	+ 0.7	VRSK
FORR	+ 0.63	CRAI
VRSK	+ 0.63	FORR
FORR	+ 0.61	ICFI

High negative correlations

TRU	- 0.43	EXPO
FC	- 0.32	FCN
EXPO	- 0.32	CRAI
VRSK	- 0.23	EXPO
VRSK	- 0.21	FCN
TRU	- 0.1	FCN

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	1.33	0.00	(0.02)	0.13	1.90	(1.32)	2.95	(1.96)	10.77
ICFI	1.43	(0.04)	(0.05)	0.04	1.99	(1.42)	2.89	(3.04)	8.78
FORR	2.17	0.05	0.01	0.19	2.42	(2.55)	5.41	(4.70)	15.92
HURN	1.36	(0.25)	0.00	(0.16)	0.00	0.00	3.12	(2.30)	13.93
FCN	0.87	(0.09)	0.00	(0.07)	0.00	0.00	1.56	(2.21)	5.44
EXPO	1.26	(0.28)	0.00	(0.18)	0.00	0.00	2.48	(2.42)	6.69
TRU	1.60	0.13	0.10	0.20	2.05	(1.78)	3.98	(2.81)	15.65
VRSK	0.89	(0.03)	(0.08)	0.07	1.15	(1.03)	1.70	(1.89)	8.38
FC	1.87	(0.23)	0.00	(0.04)	0.00	0.00	3.76	(3.38)	15.48

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