HOLO vs MAGN: Correlation
Measured on weekly returns over the past three years, MicroCloud Hologram Inc. (HOLO) and Magnera Corporation (MAGN) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOLO and MAGN?
Across a 3-year window, the weekly returns of HOLO and MAGN correlate at 0.54, moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.54). Stretching to 5 years gives 0.40, with an annualized covariance of 24821.4 %².
In HOLO's tracked universe of 27 assets, MAGN sits right near the top at #3. The last year tells two different stories: MAGN led by 58.6 percentage points, -59.6% for HOLO against -1.0% for MAGN. Risk is not evenly split, since HOLO carries 9.1 times the volatility of the other side.
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.
HOLO vs MAGN: side by side
| HOLO (MicroCloud Hologram Inc.) | MAGN (Magnera Corporation) | |
|---|---|---|
| 1-year return | -59.6% | -1.0% |
| 5-year return | -100.0% | -93.7% |
| Volatility (ann.) | 648.5% | 71.5% |
| Beta vs S&P 500 | 3.02 | 1.31 |
| Max drawdown (3Y) | -100.0% | -76.8% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOLO | MAGN |
|---|---|---|
| 2022 | -77.2% | -83.3% |
| 2023 | -84.4% | -30.2% |
| 2024 | -93.1% | -28.0% |
| 2025 | -98.7% | -16.7% |
| 2026 | -28.4% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOLO and MAGN good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HOLO and MAGN?
As of 2026-08-27, the correlation of weekly returns between HOLO and MAGN is 0.54 over 3 years, 0.32 over 1 year and 0.40 over 5 years.
Is MAGN a good diversifier for HOLO?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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/holo-vs-magn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/holo-vs-magn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HOLO correlations · MAGN correlations
