Biaoqing vs 牛来 (Niu Lai)

牛来 (Niu Lai) (牛来) is 1540.9× the size of Biaoqing (BIAO) by market capitalisation. Over the past 30 days, BIAO is ahead by 3.3 percentage points (BIAO -12.2% against 牛来 -15.5%). Their daily returns move barely together (correlation 0.27 across 29 shared trading days). 牛来 has been the more volatile of the two, at 194% annualised against BIAO's 81%.

Correlation: 0.27
Size ratio: 1 : 1540.9
Ahead over 30 days: BIAO

BiaoqingBIAO

$3.476e-5

24h: —
Market cap: $34,765
Volume 24h: $35
Volatility (ann.): 81%

牛来 (Niu Lai)牛来

$0.053460

24h: -16.24%
Market cap: $53.57M
Volume 24h: $10.90M
Volatility (ann.): 194%

BIAO 0.1%Share of the two combined market caps99.9% 牛来

Performance

BIAO牛来

7 days+0.09%+11.18%牛来
30 days-12.17%-15.46%BIAO

Correlation

0.27over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	BIAO	牛来
Max drawdown (400d)	-22.9%	-60.2%
Risk-adjusted return (90d)	-0.15	-0.09

Relative strength over 90 days: BIAO outperformed 牛来 by 34.2% — measured on the BIAO/牛来 ratio, so it holds regardless of market direction.

Biaoqing →牛来 (Niu Lai) →