Big Time (BIGTIME) is 523.1× the size of Alaska Gold Rush (CARAT) by market capitalisation. Over the past 1 year, BIGTIME is ahead by 12.3 percentage points (CARAT -87.7% against BIGTIME -75.4%). Their daily returns move barely together (correlation 0.09 across 370 shared trading days). CARAT has been the more volatile of the two, at 158% annualised against BIGTIME's 80%.
CARATBIGTIME
0.09over 370 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 | CARAT | BIGTIME |
|---|---|---|
| Max drawdown (400d) | -91.7% | -90.5% |
| Risk-adjusted return (90d) | -0.55 | 0.31 |
| Best 30 days (past year) | +100.4% | +51.8% |
| Worst 30 days (past year) | -61.1% | -46.2% |
Relative strength over 90 days: BIGTIME outperformed CARAT by 73.2% — measured on the CARAT/BIGTIME ratio, so it holds regardless of market direction.