Amp (AMP) is 1237.9× the size of AtlasOra (AORA) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.13 across 35 shared trading days). AORA has been the more volatile of the two, at 561% annualised against AMP's 97%.
AORAAMP
-0.13over 35 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 | AORA | AMP |
|---|---|---|
| Max drawdown (400d) | -47.5% | -88.8% |
| Risk-adjusted return (90d) | -0.02 | 0.45 |
| Best 30 days (past year) | — | +89.6% |
| Worst 30 days (past year) | — | -45.8% |
Relative strength over 90 days: AMP outperformed AORA by 17.4% — measured on the AORA/AMP ratio, so it holds regardless of market direction.