Render (RENDER) is 1015.8× the size of 4EVERLAND (4EVER) by market capitalisation. Over the past 1 year, RENDER is ahead by 61.3 percentage points (4EVER -86.8% against RENDER -25.5%). Their daily returns move barely together (correlation 0.18 across 368 shared trading days). Both have run at a similar volatility, around 97% annualised.
4EVERRENDER
0.18over 368 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 | 4EVER | RENDER |
|---|---|---|
| Max drawdown (400d) | -96.3% | -66.8% |
| Risk-adjusted return (90d) | 1.23 | 0.17 |
| Best 30 days (past year) | +94.7% | +82.4% |
| Worst 30 days (past year) | -65.1% | -49.7% |
Relative strength over 90 days: 4EVER outperformed RENDER by 129.6% — measured on the 4EVER/RENDER ratio, so it holds regardless of market direction.