EGAN vs HOLO: Correlation
How closely do eGain Corporation (EGAN) and MicroCloud Hologram Inc. (HOLO) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGAN and HOLO?
On 3 years of weekly data the EGAN/HOLO correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.32) than the 3-year average (-0.24). The 5-year figure is -0.18, and annualized covariance runs at -7692.4 %².
HOLO is close to the least connected end of EGAN's tracked universe, ranking #9 of 10. The last year tells two different stories: EGAN led by 78.3 percentage points, +18.7% for EGAN against -59.6% for HOLO. One caveat on sizing: HOLO is 13.1 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.
EGAN vs HOLO: side by side
| EGAN (eGain Corporation) | HOLO (MicroCloud Hologram Inc.) | |
|---|---|---|
| 1-year return | +18.7% | -59.6% |
| 5-year return | -36.1% | -100.0% |
| Volatility (ann.) | 49.6% | 648.5% |
| Beta vs S&P 500 | 0.86 | 3.02 |
| Max drawdown (3Y) | -60.5% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | 5.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGAN | HOLO |
|---|---|---|
| 2022 | -9.5% | -77.2% |
| 2023 | -7.8% | -84.4% |
| 2024 | -25.2% | -93.1% |
| 2025 | +65.2% | -98.7% |
| 2026 | -27.3% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGAN and HOLO good diversifiers for each other?
Yes. With a correlation of -0.24, EGAN and HOLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EGAN and HOLO?
As of 2026-08-27, the correlation of weekly returns between EGAN and HOLO is -0.24 over 3 years, 0.32 over 1 year and -0.18 over 5 years.
Is HOLO a good diversifier for EGAN?
Yes. With a correlation of -0.24, EGAN and HOLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/egan-vs-holo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/egan-vs-holo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EGAN correlations · HOLO correlations
