MicroCloud Hologram Correlations

HOLOW Stock

USD 0.14 0 0.86%

The current 90-days correlation between MicroCloud Hologram and Kopin is 0.15 (i.e., Average diversification). The correlation of MicroCloud Hologram is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

MicroCloud Hologram Correlation With Market

Good diversification

The correlation between MicroCloud Hologram and DJI is -0.16 (i.e., 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 persons.

For more information on how to buy MicroCloud Stock please use our How to Invest in MicroCloud Hologram guide.

Moving together with MicroCloud Stock

0.74

PDYN

Palladyne AI Corp Symbol Change

Pair Corr

Moving against MicroCloud Stock

0.36

Procter Gamble

Pair Corr

Related Correlations Analysis

	KOPN	GLW	OUST	LPTH	DAKT	FN	PLXS	JBL
KOPN		0.74	0.05	0.36	0.23	0.01	-0.19	0.64	KOPN
GLW	0.74		0.03	0.32	0.45	0.36	0.08	0.89	GLW
OUST	0.05	0.03		0.83	0.65	0.45	0.75	0.19	OUST
LPTH	0.36	0.32	0.83		0.69	0.36	0.65	0.48	LPTH
DAKT	0.23	0.45	0.65	0.69		0.52	0.83	0.54	DAKT
FN	0.01	0.36	0.45	0.36	0.52		0.65	0.32	FN
PLXS	-0.19	0.08	0.75	0.65	0.83	0.65		0.23	PLXS
JBL	0.64	0.89	0.19	0.48	0.54	0.32	0.23		JBL
	KOPN	GLW	OUST	LPTH	DAKT	FN	PLXS	JBL

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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

JBL	+ 0.89	GLW
LPTH	+ 0.83	OUST
PLXS	+ 0.83	DAKT
PLXS	+ 0.75	OUST
GLW	+ 0.74	KOPN
DAKT	+ 0.69	LPTH

High negative correlations

PLXS

- 0.19

KOPN

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
KOPN	5.33	0.75	0.11	0.23	5.24	(6.65)	13.86	(8.38)	38.02
GLW	1.49	0.10	0.04	0.03	2.35	(1.41)	3.43	(3.25)	13.45
OUST	4.85	0.63	0.11	0.33	5.31	(5.38)	14.97	(8.90)	32.30
LPTH	4.53	0.27	0.05	0.29	5.95	(4.76)	10.13	(8.25)	39.62
DAKT	1.86	(0.45)	0.00	(1.00)	0.00	0.00	4.35	(3.56)	19.28
FN	3.14	(0.03)	0.00	(0.12)	0.00	0.00	5.54	(7.17)	27.92
PLXS	1.33	(0.33)	0.00	(0.51)	0.00	0.00	2.30	(3.00)	12.43
JBL	1.64	0.21	0.07	0.10	2.50	(1.60)	3.25	(3.42)	15.22

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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