CCK vs HOLO: Correlation
How closely do Crown Holdings, Inc. (CCK) and MicroCloud Hologram Inc. (HOLO) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCK and HOLO?
Over the past 3 years, CCK and HOLO moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.05) than the 3-year average (-0.39). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -6306.1 %².
Among the 14 assets we track against CCK, HOLO sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with CCK ahead by 78.6 points (+19.0% versus -59.6%). Note the risk asymmetry: HOLO runs 26.0 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.
CCK vs HOLO: side by side
| CCK (Crown Holdings, Inc.) | HOLO (MicroCloud Hologram Inc.) | |
|---|---|---|
| 1-year return | +19.0% | -59.6% |
| 5-year return | +12.7% | -100.0% |
| Volatility (ann.) | 24.9% | 648.5% |
| Beta vs S&P 500 | 0.48 | 3.02 |
| Max drawdown (3Y) | -23.1% | -100.0% |
| Market cap | $12.8B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCK | HOLO |
|---|---|---|
| 2022 | -25.0% | -77.2% |
| 2023 | +13.3% | -84.4% |
| 2024 | -9.1% | -93.1% |
| 2025 | +25.9% | -98.7% |
| 2026 | +15.1% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCK and HOLO good diversifiers for each other?
Yes. With a correlation of -0.39, CCK and HOLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCK and HOLO?
The CCK/HOLO correlation stands at -0.39 on a 3-year window (1 year: 0.05, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is HOLO a good diversifier for CCK?
Yes. With a correlation of -0.39, CCK and HOLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
A reading of -0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CCK correlations · HOLO correlations
