Correlation Between Vertiv Holdings and DocGo

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

By analyzing existing cross correlation between Vertiv Holdings Co and DocGo Inc, you can compare the effects of market volatilities on Vertiv Holdings and DocGo 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 Vertiv Holdings with a short position of DocGo. Check out your portfolio center. Please also check ongoing floating volatility patterns of Vertiv Holdings and DocGo.

Diversification Opportunities for Vertiv Holdings and DocGo

0.0

Correlation Coefficient

Vertiv Holdings  DocGo

Pay attention - limited upside

The 3 months correlation between Vertiv and DocGo is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Vertiv Holdings Co and DocGo Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DocGo Inc and Vertiv Holdings 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 Vertiv Holdings Co are associated (or correlated) with DocGo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DocGo Inc has no effect on the direction of Vertiv Holdings i.e., Vertiv Holdings and DocGo go up and down completely randomly.

Pair Corralation between Vertiv Holdings and DocGo

If you would invest  12,789  in Vertiv Holdings Co on August 26, 2025 and sell it today you would earn a total of  4,102  from holding Vertiv Holdings Co or generate 32.07% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Vertiv Holdings Co  vs.  DocGo Inc

Vertiv Holdings

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Vertiv Holdings Co are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile basic indicators, Vertiv Holdings unveiled solid returns over the last few months and may actually be approaching a breakup point.

DocGo Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days DocGo Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's technical and fundamental indicators remain very healthy which may send shares a bit higher in December 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

Pair Trading with Vertiv Holdings and DocGo

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

The idea behind Vertiv Holdings Co and DocGo Inc 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.