HOLO vs ZDGE: Correlation
Measured on weekly returns over the past three years, MicroCloud Hologram Inc. (HOLO) and Zedge, Inc. (ZDGE) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOLO and ZDGE?
Across a 3-year window, the weekly returns of HOLO and ZDGE correlate at 0.40, moderate. The past 12 months show a weaker link (-0.18) than the 3-year average (0.40). Stretching to 5 years gives 0.34, with an annualized covariance of 19815.0 %².
Within HOLO's tracked universe of 27 assets, ZDGE comes in at #7 by 3-year correlation. The last year tells two different stories: ZDGE led by 56.6 percentage points, -59.6% for HOLO against -3.0% for ZDGE. Risk is not evenly split, since HOLO carries 8.4 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 ZDGE: side by side
| HOLO (MicroCloud Hologram Inc.) | ZDGE (Zedge, Inc.) | |
|---|---|---|
| 1-year return | -59.6% | -3.0% |
| 5-year return | -100.0% | -81.5% |
| Volatility (ann.) | 648.5% | 76.8% |
| Beta vs S&P 500 | 3.02 | 0.91 |
| Max drawdown (3Y) | -100.0% | -61.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOLO | ZDGE |
|---|---|---|
| 2022 | -77.2% | -79.3% |
| 2023 | -84.4% | +33.5% |
| 2024 | -93.1% | +14.5% |
| 2025 | -98.7% | +22.5% |
| 2026 | -28.4% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOLO and ZDGE good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HOLO and ZDGE?
The HOLO/ZDGE correlation stands at 0.40 on a 3-year window (1 year: -0.18, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is ZDGE a good diversifier for HOLO?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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-zdge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/holo-vs-zdge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOLO correlations · ZDGE correlations
