Which stocks are most correlated with VNET?

Based on one year of daily returns, the stocks most correlated with VNET Group, Inc. American Depositary Shares (VNET) are GDS (0.72), PGJ (0.61) and KGRN (0.58). 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 VNET?

Over the past year, the stocks most inversely correlated with VNET Group, Inc. American Depositary Shares (VNET) are EUM (-0.50), EDZ (-0.49) and EEV (-0.49). A negative correlation means the two stocks have tended to move in opposite directions.

VNET Group, Inc. American Depositary Shares (VNET) — Stock Correlations & Overview

Over the past year, VNET has moved most closely with GDS, PGJ, KGRN. Explore the stocks most correlated and inversely correlated with VNET below, along with its price, financials, and company profile.

Stocks correlated with VNET

Correlation of daily returns. Higher positive values move with VNET; negative values move opposite it. Informational only, not investment advice.

Most correlated with VNET

Symbol	Company	Correlation
GDS	GDS Holdings Limited ADS	0.72
PGJ	Invesco Golden Dragon China ETF	0.61
KGRN	KraneShares MSCI China Clean Technology Index ETF	0.58
KC	Kingsoft Cloud Holdings Limited American Depositary Shares	0.57
CQQQ	Invesco China Technology ETFINVESTMENT ADVICE	0.56

Most inversely correlated with VNET

Symbol	Company	Correlation
EUM	ProShares Trust Short MSCI Emerging Markets	-0.50
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.49
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.49
YANG	Direxion Daily FTSE China Bear 3X ETF	-0.48
FXP	ProShares UltraShort FTSE China 50 of ProShares Trust	-0.48

Frequently asked questions about VNET correlations

Which stocks are most correlated with VNET?: Based on one year of daily returns, the stocks most correlated with VNET Group, Inc. American Depositary Shares (VNET) are GDS (0.72), PGJ (0.61) and KGRN (0.58). 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 VNET?: Over the past year, the stocks most inversely correlated with VNET Group, Inc. American Depositary Shares (VNET) are EUM (-0.50), EDZ (-0.49) and EEV (-0.49). 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 VNET correlations calculated?: We compute the correlation of daily returns between VNET 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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