ADSE vs HOLO: Correlation
ADS-TEC ENERGY PLC (ADSE) and MicroCloud Hologram Inc. (HOLO) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSE and HOLO?
Over the past 3 years, ADSE and HOLO moved with a correlation of 0.30, which is moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.30). Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 9626.6 %².
HOLO is one of the assets that tracks ADSE most closely: it ranks #1 out of the 11 assets we track against ADSE. Correlation aside, the last 12 months split them widely, with ADSE ahead by 51.5 points (-8.1% versus -59.6%). Note the risk asymmetry: HOLO runs 13.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADSE vs HOLO: side by side
| ADSE (ADS-TEC ENERGY PLC) | HOLO (MicroCloud Hologram Inc.) | |
|---|---|---|
| 1-year return | -8.1% | -59.6% |
| 5-year return | +14.5% | -100.0% |
| Volatility (ann.) | 49.2% | 648.5% |
| Beta vs S&P 500 | 0.35 | 3.02 |
| Max drawdown (3Y) | -48.1% | -100.0% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADSE | HOLO |
|---|---|---|
| 2022 | -65.8% | -77.2% |
| 2023 | +129.2% | -84.4% |
| 2024 | +116.9% | -93.1% |
| 2025 | -18.2% | -98.7% |
| 2026 | -10.9% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSE and HOLO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADSE and HOLO?
The ADSE/HOLO correlation stands at 0.30 on a 3-year window (1 year: 0.11, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is HOLO a good diversifier for ADSE?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adse-vs-holo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adse-vs-holo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADSE correlations · HOLO correlations
