Correlation Between Jayud Global and VCI Global

Can any of the company-specific risk be diversified away by investing in both Jayud Global 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 Jayud Global and VCI Global into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Jayud Global Logistics and VCI Global Limited, you can compare the effects of market volatilities on Jayud Global 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 Jayud Global with a short position of VCI Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jayud Global and VCI Global.

Diversification Opportunities for Jayud Global and VCI Global

0.49

Correlation Coefficient

Jayud Global  VCI Global

Very weak diversification

The 3 months correlation between Jayud and VCI is 0.49. Overlapping area represents the amount of risk that can be diversified away by holding Jayud Global Logistics 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 Jayud Global 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 Jayud Global Logistics 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 Jayud Global i.e., Jayud Global and VCI Global go up and down completely randomly.

Pair Corralation between Jayud Global and VCI Global

Considering the 90-day investment horizon Jayud Global Logistics is expected to generate 0.96 times more return on investment than VCI Global. However, Jayud Global Logistics is 1.05 times less risky than VCI Global. It trades about 0.03 of its potential returns per unit of risk. VCI Global Limited is currently generating about -0.18 per unit of risk. If you would invest  24.00  in Jayud Global Logistics on May 1, 2025 and sell it today you would lose (2.00) from holding Jayud Global Logistics or give up 8.33% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Jayud Global Logistics  vs.  VCI Global Limited

Jayud Global Logistics

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Jayud Global Logistics are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain basic indicators, Jayud Global exhibited solid returns over the last few months and may actually be approaching a breakup point.

VCI Global Limited

Risk-Adjusted Performance

Very Weak

Over the last 90 days VCI Global Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's forward indicators remain nearly stable which may send shares a bit higher in August 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Pair Trading with Jayud Global and VCI Global

The main advantage of trading using opposite Jayud Global and VCI Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jayud Global 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.

The idea behind Jayud Global Logistics and VCI Global Limited pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.