ELBM vs HOLO: Correlation
Electra Battery Materials Corporation (ELBM) and MicroCloud Hologram Inc. (HOLO) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELBM and HOLO?
On 3 years of weekly data the ELBM/HOLO correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.46). The 5-year figure is 0.37, and annualized covariance runs at 27164.0 %².
Few assets follow ELBM as closely as HOLO, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with ELBM ahead by 28.6 points (-31.0% versus -59.6%). One caveat on sizing: HOLO is 7.1 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.
ELBM vs HOLO: side by side
| ELBM (Electra Battery Materials Corporation) | HOLO (MicroCloud Hologram Inc.) | |
|---|---|---|
| 1-year return | -31.0% | -59.6% |
| 5-year return | -96.3% | -100.0% |
| Volatility (ann.) | 90.9% | 648.5% |
| Beta vs S&P 500 | 1.38 | 3.02 |
| Max drawdown (3Y) | -93.0% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELBM | HOLO |
|---|---|---|
| 2022 | -62.5% | -77.2% |
| 2023 | -78.0% | -84.4% |
| 2024 | +27.1% | -93.1% |
| 2025 | -56.9% | -98.7% |
| 2026 | -22.4% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELBM and HOLO good diversifiers for each other?
Reasonably. At 0.46, ELBM and HOLO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ELBM and HOLO?
As of 2026-08-27, the correlation of weekly returns between ELBM and HOLO is 0.46 over 3 years, 0.35 over 1 year and 0.37 over 5 years.
Is HOLO a good diversifier for ELBM?
Reasonably. At 0.46, ELBM and HOLO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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/elbm-vs-holo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/elbm-vs-holo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ELBM correlations · HOLO correlations
