WiMi Hologram Correlations

WIMI Stock

USD 4.69 0.22 4.92%

The current 90-days correlation between WiMi Hologram Cloud and National CineMedia is -0.01 (i.e., Good diversification). 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

Good diversification

The correlation between WiMi Hologram Cloud and DJI is -0.04 (i.e., 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.

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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 various price indices.

Moving together with WiMi Stock

0.68	MCHX	Marchex Earnings Call Tomorrow	Pair Corr
0.84	ZD	Ziff Davis Earnings Call This Week	Pair Corr
0.69	MGNI	Magnite	Pair Corr
0.81	VSME	VS Media Holdings	Pair Corr
0.63	NCMI	National CineMedia Earnings Call Tomorrow	Pair Corr
0.73	ADV	Advantage Solutions Earnings Call This Week	Pair Corr
0.78	CCO	Clear Channel Outdoor Earnings Call This Week	Pair Corr
0.8	CHR	Cheer Holding	Pair Corr
0.65	DLX	Deluxe	Pair Corr
0.63	EVC	Entravision Communications	Pair Corr
0.71	HAO	Haoxi Health Technology	Pair Corr
0.78	IAS	Integral Ad Science Earnings Call This Week	Pair Corr
0.68	IPG	Interpublic Group	Pair Corr
0.72	OMC	Omnicom Group	Pair Corr
0.79	TSQ	Townsquare Media Earnings Call This Week	Pair Corr
0.71	WPP	WPP PLC ADR Earnings Call This Week	Pair Corr
0.75	BAOS	Baosheng Media Group	Pair Corr
0.75	STGW	Stagwell	Pair Corr
0.78	TNMG	TNL Mediagene Ordinary	Pair Corr
0.77	CDLX	Cardlytics	Pair Corr

Moving against WiMi Stock

0.59	MCTR	CTRL Group Limited	Pair Corr
0.79	TZUP	Thumzup Media	Pair Corr
0.62	STFS	Star Fashion Culture	Pair Corr
0.47	ANTE	Airnet Technology	Pair Corr
0.43	ABTS	Abits Group	Pair Corr
0.36	ABLV	Able View Global	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		0.86	0.0	0.72	0.24	0.84	0.58	0.0	NCMI
BAOS	0.0	0.86		0.0	0.81	0.22	0.87	0.7	0.0	BAOS
GSMG	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GSMG
TSQ	0.0	0.72	0.81	0.0		0.2	0.75	0.85	0.0	TSQ
DLPN	0.0	0.24	0.22	0.0	0.2		0.28	0.4	0.0	DLPN
TZOO	0.0	0.84	0.87	0.0	0.75	0.28		0.75	0.0	TZOO
DRCT	0.0	0.58	0.7	0.0	0.85	0.4	0.75		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

TZOO	+ 0.87	BAOS
BAOS	+ 0.86	NCMI
DRCT	+ 0.85	TSQ
TZOO	+ 0.84	NCMI
TSQ	+ 0.81	BAOS
TZOO	+ 0.75	TSQ

High negative correlations

TRKAW	- 0.0	DRCT
TRKAW	- 0.0	TZOO
TRKAW	- 0.0	DLPN
TRKAW	- 0.0	TSQ
TRKAW	- 0.0	GSMG
DRCT	- 0.0	GSMG

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	2.19	(0.24)	0.00	0.93	0.00	0.00	4.10	(4.30)	20.91
BAOS	5.33	(0.59)	0.00	(1.38)	0.00	0.00	11.11	(13.11)	31.93
GSMG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSQ	1.78	(0.19)	0.00	(0.31)	0.00	0.00	4.46	(4.02)	10.78
DLPN	3.31	0.21	0.06	1.03	3.79	(4.12)	7.77	(7.55)	19.53
TZOO	4.13	(0.32)	0.00	1.11	0.00	0.00	6.69	(8.25)	42.71
DRCT	6.83	0.19	0.01	0.02	9.42	(9.05)	14.06	(12.63)	115.63
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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