HOLO vs SNA: Correlation
Measured on weekly returns over the past three years, MicroCloud Hologram Inc. (HOLO) and Snap-on (SNA) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOLO and SNA?
On 3 years of weekly data the HOLO/SNA correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus -0.26 over 3 years. The 5-year figure is -0.18, and annualized covariance runs at -3634.3 %².
By 3-year correlation, SNA places #20 of the 27 assets tracked against HOLO. Their recent paths diverged sharply: over the last 12 months SNA outperformed by 82.7 percentage points (-59.6% for HOLO against +23.1% for SNA). Note the risk asymmetry: HOLO runs 30.4 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.
HOLO vs SNA: side by side
| HOLO (MicroCloud Hologram Inc.) | SNA (Snap-on) | |
|---|---|---|
| 1-year return | -59.6% | +23.1% |
| 5-year return | -100.0% | +99.6% |
| Volatility (ann.) | 648.5% | 21.3% |
| Beta vs S&P 500 | 3.02 | 0.70 |
| Max drawdown (3Y) | -100.0% | -20.8% |
| Market cap | – | $20.5B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 0.00% | 2.38% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HOLO | SNA |
|---|---|---|
| 2022 | -77.2% | +8.9% |
| 2023 | -84.4% | +29.7% |
| 2024 | -93.1% | +20.7% |
| 2025 | -98.7% | +4.3% |
| 2026 | -28.4% | +17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOLO and SNA good diversifiers for each other?
Yes. With a correlation of -0.26, HOLO and SNA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HOLO and SNA?
As of 2026-08-27, the correlation of weekly returns between HOLO and SNA is -0.26 over 3 years, 0.13 over 1 year and -0.18 over 5 years.
Is SNA a good diversifier for HOLO?
Yes. With a correlation of -0.26, HOLO and SNA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/holo-vs-sna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/holo-vs-sna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOLO correlations · SNA correlations
