HKIT vs HOLO: Correlation
Hitek Global Inc. - Class A (HKIT) and MicroCloud Hologram Inc. (HOLO) show a very strong relationship: their 3-year correlation of weekly returns is 0.81.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HKIT and HOLO?
Across a 3-year window, the weekly returns of HKIT and HOLO correlate at 0.81, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.08) runs below the 3-year figure (0.81). Stretching to 5 years gives n/a, with an annualized covariance of 122951.4 %².
HOLO is one of the assets that tracks HKIT most closely: it ranks #1 out of the 14 assets we track against HKIT. Their recent paths diverged sharply: over the last 12 months HOLO outperformed by 40.3 percentage points (-99.9% for HKIT against -59.6% for HOLO). Note the risk asymmetry: HOLO runs 2.8 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.
HKIT vs HOLO: side by side
| HKIT (Hitek Global Inc. - Class A) | HOLO (MicroCloud Hologram Inc.) | |
|---|---|---|
| 1-year return | -99.9% | -59.6% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 233.1% | 648.5% |
| Beta vs S&P 500 | 1.70 | 3.02 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HKIT | HOLO |
|---|---|---|
| 2022 | – | -77.2% |
| 2023 | – | -84.4% |
| 2024 | +36.2% | -93.1% |
| 2025 | +55.9% | -98.7% |
| 2026 | -100.0% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HKIT and HOLO good diversifiers for each other?
No: a correlation of 0.81 means HKIT and HOLO tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between HKIT and HOLO?
As of 2026-08-27, the correlation of weekly returns between HKIT and HOLO is 0.81 over 3 years, 0.08 over 1 year and n/a over 5 years.
Is HOLO a good diversifier for HKIT?
No: a correlation of 0.81 means HKIT and HOLO tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 mean?
A reading of 0.81 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/hkit-vs-holo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hkit-vs-holo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HKIT correlations · HOLO correlations
