MicroCloud Hologram Correlations

HOLO Stock

USD 5.41 0.47 7.99%

The current 90-days correlation between MicroCloud Hologram and SigmaTron International is -0.07 (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

Significant diversification

The correlation between MicroCloud Hologram and DJI is 0.09 (i.e., Significant 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.

Build AI portfolio with MicroCloud Stock

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 together with MicroCloud Stock

0.66

IMTE

Integrated Media Tec Tech Boost

Pair Corr

Moving against MicroCloud Stock

0.82	LASR	nLIGHT Inc	Pair Corr
0.81	LITE	Lumentum Holdings	Pair Corr
0.81	NTGR	NETGEAR	Pair Corr
0.8	LPL	LG Display Earnings Call This Week	Pair Corr
0.78	VSH	Vishay Intertechnology	Pair Corr
0.78	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.77	CDW	CDW Corp	Pair Corr
0.73	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.64	RDWR	Radware	Pair Corr
0.63	RGTIW	Rigetti Computing Trending	Pair Corr
0.62	RGTI	Rigetti Computing Trending	Pair Corr
0.62	AAOI	Applied Opt	Pair Corr
0.83	AVNW	Aviat Networks	Pair Corr
0.83	ADI	Analog Devices	Pair Corr
0.81	CSCO	Cisco Systems	Pair Corr
0.81	MU	Micron Technology	Pair Corr
0.8	MX	MagnaChip Semiconductor	Pair Corr
0.8	VRRM	Verra Mobility Corp	Pair Corr
0.79	CIEN	Ciena Corp	Pair Corr
0.73	CRNT	Ceragon Networks	Pair Corr
0.73	ON	ON Semiconductor	Pair Corr
0.7	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.52	ANY	Sphere 3D Corp	Pair Corr
0.51	ADTN	ADTRAN Inc	Pair Corr
0.48	MI	NFT Limited	Pair Corr
0.46	ENLV	Enlivex Therapeutics	Pair Corr
0.38	ENTG	Entegris	Pair Corr
0.86	UMC	United Microelectronics	Pair Corr
0.85	IZM	ICZOOM Group Class	Pair Corr
0.85	INFY	Infosys Ltd ADR	Pair Corr
0.81	NOW	ServiceNow Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MEI	LPTH	LINK	SGMA	DAKT	ZVSA	FOXO	ILAG	GSUN
MEI		0.62	0.16	0.71	0.57	0.18	-0.72	0.62	-0.54	MEI
LPTH	0.62		0.46	0.82	0.66	-0.35	-0.87	0.77	-0.49	LPTH
LINK	0.16	0.46		0.33	0.42	-0.18	-0.39	0.33	-0.49	LINK
SGMA	0.71	0.82	0.33		0.66	-0.13	-0.87	0.69	-0.49	SGMA
DAKT	0.57	0.66	0.42	0.66		-0.43	-0.69	0.53	-0.39	DAKT
ZVSA	0.18	-0.35	-0.18	-0.13	-0.43		0.19	-0.11	-0.12	ZVSA
FOXO	-0.72	-0.87	-0.39	-0.87	-0.69	0.19		-0.8	0.58	FOXO
ILAG	0.62	0.77	0.33	0.69	0.53	-0.11	-0.8		-0.65	ILAG
GSUN	-0.54	-0.49	-0.49	-0.49	-0.39	-0.12	0.58	-0.65		GSUN
	MEI	LPTH	LINK	SGMA	DAKT	ZVSA	FOXO	ILAG	GSUN

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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

SGMA	+ 0.82	LPTH
ILAG	+ 0.77	LPTH
SGMA	+ 0.71	MEI
ILAG	+ 0.69	SGMA
DAKT	+ 0.66	LPTH
DAKT	+ 0.66	SGMA

High negative correlations

FOXO	- 0.87	SGMA
FOXO	- 0.87	LPTH
ILAG	- 0.8	FOXO
FOXO	- 0.72	MEI
FOXO	- 0.69	DAKT
GSUN	- 0.65	ILAG

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
MEI	2.63	0.16	0.04	0.23	5.16	(2.57)	5.59	(3.57)	33.90
LPTH	3.56	1.00	0.23	7.09	3.17	(4.55)	9.13	(5.28)	23.40
LINK	4.67	0.63	0.09	1.89	5.51	(5.05)	11.72	(9.60)	38.63
SGMA	5.79	2.69	0.37	(0.76)	3.25	(9.28)	11.51	(4.96)	131.24
DAKT	1.93	0.27	0.08	0.36	2.88	(1.91)	4.44	(3.86)	15.69
ZVSA	6.32	(2.14)	0.00	(4.19)	0.00	0.00	9.38	(17.95)	67.27
FOXO	7.75	(1.73)	0.00	0.84	0.00	0.00	6.67	(15.38)	204.36
ILAG	5.06	0.93	0.07	(0.41)	6.50	(6.47)	10.64	(10.00)	52.34
GSUN	3.51	(0.03)	(0.02)	0.06	3.84	(5.30)	7.95	(7.45)	29.72

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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