AMGN vs HOLO: Correlation
How closely do Amgen (AMGN) and MicroCloud Hologram Inc. (HOLO) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMGN and HOLO?
On 3 years of weekly data the AMGN/HOLO correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.06) than the 3-year average (-0.22). The 5-year figure is -0.17, and annualized covariance runs at -3801.5 %².
Among the 31 assets we track against AMGN, HOLO ranks #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AMGN ahead by 115.6 points (+56.0% versus -59.6%). Risk is not evenly split, since HOLO carries 24.7 times the volatility of the other side.
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.
AMGN vs HOLO: side by side
| AMGN (Amgen) | HOLO (MicroCloud Hologram Inc.) | |
|---|---|---|
| 1-year return | +56.0% | -59.6% |
| 5-year return | +127.8% | -100.0% |
| Volatility (ann.) | 26.3% | 648.5% |
| Beta vs S&P 500 | 0.34 | 3.02 |
| Max drawdown (3Y) | -22.7% | -100.0% |
| Market cap | $236.3B | – |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 2.23% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | AMGN | HOLO |
|---|---|---|
| 2022 | +20.4% | -77.2% |
| 2023 | +13.5% | -84.4% |
| 2024 | -6.8% | -93.1% |
| 2025 | +29.7% | -98.7% |
| 2026 | +36.2% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMGN and HOLO good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMGN and HOLO?
As of 2026-08-27, the correlation of weekly returns between AMGN and HOLO is -0.22 over 3 years, 0.06 over 1 year and -0.17 over 5 years.
Is HOLO a good diversifier for AMGN?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AMGN correlations · HOLO correlations
