APD vs HOLO: Correlation
Air Products (APD) and MicroCloud Hologram Inc. (HOLO) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APD and HOLO?
On 3 years of weekly data the APD/HOLO correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.29). The 5-year figure is -0.22, and annualized covariance runs at -5048.2 %².
Out of 33 assets tracked against APD, HOLO lands near the bottom at #33. The last year tells two different stories: APD led by 66.1 percentage points, +6.5% for APD against -59.6% for HOLO. One caveat on sizing: HOLO is 24.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
APD vs HOLO: side by side
| APD (Air Products) | HOLO (MicroCloud Hologram Inc.) | |
|---|---|---|
| 1-year return | +6.5% | -59.6% |
| 5-year return | +28.2% | -100.0% |
| Volatility (ann.) | 26.7% | 648.5% |
| Beta vs S&P 500 | 0.64 | 3.02 |
| Max drawdown (3Y) | -30.4% | -100.0% |
| Market cap | $68.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | APD | HOLO |
|---|---|---|
| 2022 | +3.9% | -77.2% |
| 2023 | -9.0% | -84.4% |
| 2024 | +8.1% | -93.1% |
| 2025 | -12.7% | -98.7% |
| 2026 | +26.1% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APD and HOLO good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between APD and HOLO?
As of 2026-08-27, the correlation of weekly returns between APD and HOLO is -0.29 over 3 years, -0.04 over 1 year and -0.22 over 5 years.
Is HOLO a good diversifier for APD?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apd-vs-holo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/apd-vs-holo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APD correlations · HOLO correlations
