Kite (KITE) is 21375.8× the size of AthenaX9 (AIX9) by market capitalisation. Over the past 1 year, KITE is ahead by 126.2 percentage points (AIX9 -97.3% against KITE +28.9%). Their daily returns move barely in opposite directions (correlation -0.03 across 333 shared trading days). AIX9 has been the more volatile of the two, at 201% annualised against KITE's 121%.
AIX9KITE
-0.03over 333 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 | AIX9 | KITE |
|---|---|---|
| Max drawdown (400d) | -97.3% | -69.5% |
| Risk-adjusted return (90d) | -0.21 | 0.10 |
| Best 30 days (past year) | — | +151.2% |
| Worst 30 days (past year) | — | -55.6% |
Relative strength over 90 days: KITE outperformed AIX9 by 76.8% — measured on the AIX9/KITE ratio, so it holds regardless of market direction.