牛来 (Niu Lai) (牛来) is 4494.6× the size of 赵长娥 (赵长娥) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 24 shared trading days). 牛来 has been the more volatile of the two, at 194% annualised against 赵长娥's 40%.
赵长娥牛来
0.38over 24 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | 赵长娥 | 牛来 |
|---|---|---|
| Max drawdown (400d) | -21.2% | -60.2% |
| Risk-adjusted return (90d) | -0.52 | -0.09 |
Relative strength over 90 days: 赵长娥 outperformed 牛来 by 20.5% — measured on the 赵长娥/牛来 ratio, so it holds regardless of market direction.