VCI Global Limited Ordinary Share (VCIG) — Stock Correlations & Overview
Over the past year, VCIG has moved most closely with MNTS, ASTC, COGT. Explore the stocks most correlated and inversely correlated with VCIG below, along with its price, financials, and company profile.
Stocks correlated with VCIG
Correlation of daily returns. Higher positive values move with VCIG; negative values move opposite it. Informational only, not investment advice.
Most correlated with VCIG
| Symbol | Company | Correlation |
|---|---|---|
| MNTS | Momentus Inc. Class A Common StockGUIDED MISSILES & SPACE VEHICLES & PARTS | 0.33 |
| ASTC | Astrotech Corporation (DE) Common StockLABORATORY ANALYTICAL INSTRUMENTS | 0.31 |
| COGT | Cogent Biosciences, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.29 |
| TOPP | Toppoint Holdings Inc.TRUCKING & COURIER SERVICES (NO AIR) | 0.28 |
| ACMR | ACM Research, Inc. Class A Common StockSPECIAL INDUSTRY MACHINERY, NEC | 0.27 |
Most inversely correlated with VCIG
| Symbol | Company | Correlation |
|---|---|---|
| MPAA | Motorcar Parts of America, Inc.MOTOR VEHICLE PARTS & ACCESSORIES | -0.23 |
| MYY | ProShares Short MidCap400 | -0.21 |
| MZZ | ProShares UltraShort MidCap400 | -0.21 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.21 |
| UGA | United States Gasoline Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.21 |
Frequently asked questions about VCIG correlations
- Which stocks are most correlated with VCIG?
- Based on one year of daily returns, the stocks most correlated with VCI Global Limited Ordinary Share (VCIG) are MNTS (0.33), ASTC (0.31) and COGT (0.29). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with VCIG?
- Over the past year, the stocks most inversely correlated with VCI Global Limited Ordinary Share (VCIG) are MPAA (-0.23), MYY (-0.21) and MZZ (-0.21). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these VCIG correlations calculated?
- We compute the correlation of daily returns between VCIG and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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