WiMi Hologram Correlations

WIMI Stock

USD 0.73 0.04 4.55%

The correlation of WiMi Hologram is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

WiMi Hologram Correlation With Market

Very good diversification

The correlation between WiMi Hologram Cloud and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WiMi Hologram Cloud and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WiMi Hologram Cloud. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against WiMi Stock

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0.44	BOC	Boston Omaha Corp	Pair Corr
0.39	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.58	GTN	Gray Television	Pair Corr
0.49	SGA	Saga Communications	Pair Corr
0.47	NWS	News Corp B	Pair Corr
0.47	RDI	Reading International	Pair Corr
0.46	GAIA	Gaia Inc	Pair Corr
0.45	LYV	Live Nation Entertainment	Pair Corr
0.32	HHS	Harte Hanks Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MOBQ	NCMI	BAOS	GSMG	TSQ	DLPN	TZOO	DRCT	TRKAW
MOBQ		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MOBQ
NCMI	0.0		-0.35	0.0	0.6	0.38	0.26	-0.3	0.0	NCMI
BAOS	0.0	-0.35		0.0	-0.41	-0.23	0.23	0.41	0.0	BAOS
GSMG	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GSMG
TSQ	0.0	0.6	-0.41	0.0		0.52	0.42	0.0	0.0	TSQ
DLPN	0.0	0.38	-0.23	0.0	0.52		-0.02	-0.22	0.0	DLPN
TZOO	0.0	0.26	0.23	0.0	0.42	-0.02		0.17	0.0	TZOO
DRCT	0.0	-0.3	0.41	0.0	0.0	-0.22	0.17		0.0	DRCT
TRKAW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TRKAW
	MOBQ	NCMI	BAOS	GSMG	TSQ	DLPN	TZOO	DRCT	TRKAW

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TSQ	+ 0.6	NCMI
DLPN	+ 0.52	TSQ
TZOO	+ 0.42	TSQ
DRCT	+ 0.41	BAOS
DLPN	+ 0.38	NCMI
TZOO	+ 0.26	NCMI

High negative correlations

TSQ	- 0.41	BAOS
BAOS	- 0.35	NCMI
DRCT	- 0.3	NCMI
DLPN	- 0.23	BAOS
DRCT	- 0.22	DLPN
TZOO	- 0.02	DLPN

Risk-Adjusted Indicators

There is a big difference between WiMi Stock performing well and WiMi Hologram Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze WiMi Hologram's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MOBQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NCMI	1.72	(0.01)	0.00	(0.07)	0.00	0.00	3.30	(2.96)	13.56
BAOS	12.61	3.52	0.32	1.78	8.78	(17.38)	19.03	(15.59)	348.15
GSMG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSQ	1.42	(0.24)	0.00	(0.30)	0.00	0.00	2.81	(3.16)	9.99
DLPN	3.97	0.10	0.02	0.11	4.84	(4.44)	9.24	(8.46)	22.82
TZOO	3.48	(0.20)	0.00	(0.32)	0.00	0.00	6.69	(7.46)	25.28
DRCT	28.07	11.63	0.99	0.48	8.08	(59.11)	10.48	(16.28)	932.55
TRKAW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

WiMi Hologram Corporate Management

Songrui Guo	CTO Director	Profile
Yanghua Yang	General Department	Profile
Jie Zhao	Founder Chairman	Profile
Guanghui Zheng	Chief Officer	Profile
Chengwei Yi	Chief Inc	Profile
Shuo Shi	Chief Director	Profile

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