MicroCloud Hologram Correlations

HOLO Stock

USD 1.11 0.04 3.48%

The current 90-days correlation between MicroCloud Hologram and LSI Industries is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MicroCloud Hologram moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MicroCloud Hologram moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MicroCloud Hologram Correlation With Market

Very good diversification

The correlation between MicroCloud Hologram and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MicroCloud Hologram and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in MicroCloud Hologram. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in MicroCloud Stock, please use our How to Invest in MicroCloud Hologram guide.

Moving against MicroCloud Stock

0.42	CDW	CDW Corp	Pair Corr
0.35	CLS	Celestica	Pair Corr
0.53	SANM	Sanmina	Pair Corr
0.48	INFN	Infinera Earnings Call This Week	Pair Corr
0.48	OSIS	OSI Systems	Pair Corr
0.32	ADTN	ADTRAN Inc	Pair Corr
0.47	ENFN	Enfusion	Pair Corr
0.45	DGII	Digi International	Pair Corr
0.42	ARM	Arm Holdings plc	Pair Corr
0.39	IT	Gartner	Pair Corr

Related Correlations Analysis

	PLXS	OSIS	CTS	BHE	LYTS	LINK	MEI	BELFA	LPTH	AMOT
PLXS		-0.75	0.86	0.96	-0.32	-0.53	0.35	0.75	-0.32	0.0	PLXS
OSIS	-0.75		-0.6	-0.7	0.52	0.54	-0.01	-0.4	0.12	0.0	OSIS
CTS	0.86	-0.6		0.9	-0.04	-0.5	0.41	0.89	-0.47	0.0	CTS
BHE	0.96	-0.7	0.9		-0.12	-0.53	0.29	0.78	-0.4	0.0	BHE
LYTS	-0.32	0.52	-0.04	-0.12		0.4	0.08	-0.06	-0.05	0.0	LYTS
LINK	-0.53	0.54	-0.5	-0.53	0.4		0.31	-0.61	0.61	0.0	LINK
MEI	0.35	-0.01	0.41	0.29	0.08	0.31		0.29	0.26	0.0	MEI
BELFA	0.75	-0.4	0.89	0.78	-0.06	-0.61	0.29		-0.67	0.0	BELFA
LPTH	-0.32	0.12	-0.47	-0.4	-0.05	0.61	0.26	-0.67		0.0	LPTH
AMOT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AMOT
	PLXS	OSIS	CTS	BHE	LYTS	LINK	MEI	BELFA	LPTH	AMOT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BHE	+ 0.96	PLXS
BHE	+ 0.9	CTS
BELFA	+ 0.89	CTS
CTS	+ 0.86	PLXS
BELFA	+ 0.78	BHE
BELFA	+ 0.75	PLXS

High negative correlations

OSIS	- 0.75	PLXS
BHE	- 0.7	OSIS
LPTH	- 0.67	BELFA
BELFA	- 0.61	LINK
CTS	- 0.6	OSIS
LINK	- 0.53	BHE

Risk-Adjusted Indicators

There is a big difference between MicroCloud Stock performing well and MicroCloud Hologram Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MicroCloud Hologram's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PLXS	1.16	(0.22)	0.00	(0.71)	0.00	0.00	1.90	(2.39)	12.43
OSIS	1.64	0.43	0.19	0.30	1.82	(1.77)	3.53	(3.28)	19.87
CTS	1.29	(0.26)	0.00	(0.35)	0.00	0.00	2.09	(3.13)	7.60
BHE	1.18	(0.23)	0.00	(0.33)	0.00	0.00	2.05	(3.23)	10.57
LYTS	1.81	(0.04)	0.00	(0.02)	0.00	0.00	3.23	(4.37)	35.65
LINK	6.61	0.86	0.13	1.47	6.21	(8.67)	16.72	(10.79)	45.40
MEI	2.86	0.28	0.08	(6.80)	3.26	(3.44)	7.61	(5.67)	29.97
BELFA	1.70	(0.11)	0.00	(0.24)	0.00	0.00	3.36	(4.24)	13.15
LPTH	4.53	0.98	0.16	1.18	5.17	(5.32)	12.58	(7.37)	39.62
AMOT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

MicroCloud Hologram Corporate Management

Guolong Qi	Chief Officer	Profile
Guohui Kang	CEO Director	Profile
Bei Zhen	Chief Officer	Profile
Jianbo Zhou	Chief Officer	Profile

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