MicroCloud Hologram Correlations
| HOLOW Stock | USD 0.04 0.0005 1.26% |
The current 90-days correlation between MicroCloud Hologram and MicroCloud Hologram is 0.3 (i.e., Weak 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
Modest diversification
The correlation between MicroCloud Hologram and DJI is 0.23 (i.e., Modest 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.
MicroCloud |
Moving together with MicroCloud Stock
Moving against MicroCloud Stock
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Related Correlations Analysis
| 0.79 | -0.64 | 0.23 | 0.75 | HOLO | ||
| 0.79 | -0.46 | 0.16 | 0.71 | NOGNW | ||
| -0.64 | -0.46 | -0.19 | -0.47 | BZFDW | ||
| 0.23 | 0.16 | -0.19 | 0.26 | ARBEW | ||
| 0.75 | 0.71 | -0.47 | 0.26 | KITTW | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HOLO | 7.73 | (1.93) | 0.00 | (0.60) | 0.00 | 19.50 | 51.37 | |||
| NOGNW | 8.43 | (0.20) | 0.00 | 0.05 | 12.29 | 29.75 | 69.97 | |||
| BZFDW | 7.38 | 1.46 | 0.16 | 0.65 | 6.35 | 17.39 | 38.89 | |||
| ARBEW | 4.43 | 0.31 | 0.00 | (0.11) | 6.45 | 14.29 | 59.65 | |||
| KITTW | 4.99 | (0.38) | 0.00 | (0.30) | 0.00 | 12.32 | 35.31 |
MicroCloud Hologram Corporate Management
| Guolong Qi | Chief Officer | Profile | |
| Guohui Kang | CEO Director | Profile | |
| Bei Zhen | Chief Officer | Profile | |
| Jianbo Zhou | Chief Officer | Profile |