Correlation Between VCI Global and GreenPro Capital

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

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

Diversification Opportunities for VCI Global and GreenPro Capital

0.44

Correlation Coefficient

VCI Global  GreenPro Capital

Very weak diversification

The 3 months correlation between VCI and GreenPro is 0.44. Overlapping area represents the amount of risk that can be diversified away by holding VCI Global Limited and GreenPro Capital Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GreenPro Capital Corp and VCI 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 VCI Global Limited are associated (or correlated) with GreenPro Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GreenPro Capital Corp has no effect on the direction of VCI Global i.e., VCI Global and GreenPro Capital go up and down completely randomly.

Pair Corralation between VCI Global and GreenPro Capital

Given the investment horizon of 90 days VCI Global Limited is expected to under-perform the GreenPro Capital. In addition to that, VCI Global is 2.02 times more volatile than GreenPro Capital Corp. It trades about -0.25 of its total potential returns per unit of risk. GreenPro Capital Corp is currently generating about -0.09 per unit of volatility. If you would invest  208.00  in GreenPro Capital Corp on July 20, 2025 and sell it today you would lose (69.00) from holding GreenPro Capital Corp or give up 33.17% of portfolio value over 90 days.

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

VCI Global Limited  vs.  GreenPro Capital Corp

VCI Global Limited

Risk-Adjusted Performance

Weakest

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 November 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

GreenPro Capital Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days GreenPro Capital Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in November 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

Pair Trading with VCI Global and GreenPro Capital

The main advantage of trading using opposite VCI Global and GreenPro Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if VCI Global position performs unexpectedly, GreenPro Capital 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 GreenPro Capital will offset losses from the drop in GreenPro Capital's long position.

The idea behind VCI Global Limited and GreenPro Capital Corp 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.

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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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.