Kite (KITE) is 25636.5× the size of 01111010011110000110001001110100 (01111010011110000110001001110100) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 34 shared trading days). KITE has been the more volatile of the two, at 121% annualised against 01111010011110000110001001110100's 66%.
$1.061e-5
01111010011110000110001001110100KITE
-0.10over 34 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 | 01111010011110000110001001110100 | KITE |
|---|---|---|
| Max drawdown (400d) | -28.1% | -69.5% |
| Risk-adjusted return (90d) | -0.41 | 0.13 |
| Best 30 days (past year) | — | +151.2% |
| Worst 30 days (past year) | — | -55.6% |
Relative strength over 90 days: KITE outperformed 01111010011110000110001001110100 by 6.9% — measured on the 01111010011110000110001001110100/KITE ratio, so it holds regardless of market direction.