MicroCloud Hologram Correlations

HOLOW Stock

USD 0.14 0.01 7.69%

The current 90-days correlation between MicroCloud Hologram and Nortech Systems Incorporated is 0.12 (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

Average diversification

The correlation between MicroCloud Hologram and DJI is 0.12 (i.e., Average 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 producer price index.

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

Moving against MicroCloud Stock

0.55	AMPGW	AmpliTech Group	Pair Corr
0.55	688053	Chengdu Screen Micro	Pair Corr
0.54	300333	Sinosun Tech	Pair Corr
0.47	DSWL	Deswell Industries Tech Boost	Pair Corr
0.42	300449	Beijing Hanbang Tech	Pair Corr
0.38	RISHABH	Rishabh Instruments	Pair Corr
0.37	603626	Kunshan Kersen Science	Pair Corr
0.46	SATLW	Satellogic Warrant	Pair Corr
0.46	EHGO	Eshallgo Class A	Pair Corr
0.35	002819	Beijing Oriental Jicheng	Pair Corr
0.35	002134	Tianjin Printronics	Pair Corr
0.47	CENTUM	Centum Electronics	Pair Corr
0.41	688272	Beijing Fjr Optoelec	Pair Corr
0.35	605066	Zhejiang Tengen Electrics	Pair Corr

Related Correlations Analysis

	NSYS	UTSI	DAIO	SAGT	CNTM	NXPL	CLPS	SELX	FOXX	SVREW
NSYS		-0.01	0.45	0.19	0.29	0.62	0.05	-0.01	0.17	0.16	NSYS
UTSI	-0.01		-0.19	-0.45	0.18	0.0	-0.32	-0.37	-0.14	-0.21	UTSI
DAIO	0.45	-0.19		0.35	-0.23	0.32	0.39	0.44	0.6	0.19	DAIO
SAGT	0.19	-0.45	0.35		-0.02	0.21	0.02	0.27	0.04	0.26	SAGT
CNTM	0.29	0.18	-0.23	-0.02		0.49	-0.26	-0.56	-0.73	-0.45	CNTM
NXPL	0.62	0.0	0.32	0.21	0.49		-0.04	-0.16	-0.03	-0.05	NXPL
CLPS	0.05	-0.32	0.39	0.02	-0.26	-0.04		0.4	0.4	-0.05	CLPS
SELX	-0.01	-0.37	0.44	0.27	-0.56	-0.16	0.4		0.52	0.11	SELX
FOXX	0.17	-0.14	0.6	0.04	-0.73	-0.03	0.4	0.52		0.33	FOXX
SVREW	0.16	-0.21	0.19	0.26	-0.45	-0.05	-0.05	0.11	0.33		SVREW
	NSYS	UTSI	DAIO	SAGT	CNTM	NXPL	CLPS	SELX	FOXX	SVREW

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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

NXPL	+ 0.62	NSYS
FOXX	+ 0.6	DAIO
FOXX	+ 0.52	SELX
NXPL	+ 0.49	CNTM
DAIO	+ 0.45	NSYS
SELX	+ 0.44	DAIO

High negative correlations

FOXX	- 0.73	CNTM
SELX	- 0.56	CNTM
SVREW	- 0.45	CNTM
SAGT	- 0.45	UTSI
SELX	- 0.37	UTSI
CLPS	- 0.32	UTSI

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
NSYS	2.13	(0.23)	0.00	(0.82)	0.00	0.00	4.09	(3.72)	27.96
UTSI	2.54	0.11	0.02	0.16	3.85	(3.04)	4.82	(5.20)	20.78
DAIO	1.93	(0.25)	0.00	(1.17)	0.00	0.00	3.67	(3.22)	17.47
SAGT	3.52	0.05	0.01	0.19	4.32	(3.82)	8.78	(6.90)	28.52
CNTM	93.75	47.89	1.62	2.28	17.92	(156.36)	66.67	(28.57)	1,648
NXPL	4.21	(0.14)	0.00	(0.04)	0.00	0.00	9.88	(10.53)	28.43
CLPS	3.54	0.12	0.01	(0.05)	5.90	(4.41)	5.88	(4.00)	59.69
SELX	6.53	0.10	0.01	0.34	7.91	(9.10)	10.96	(15.65)	99.86
FOXX	4.25	(2.02)	0.00	(0.57)	0.00	0.00	4.91	(11.65)	39.60
SVREW	24.11	4.06	0.19	0.64	18.61	(35.57)	69.71	(30.91)	130.46

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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