bǐngwǔ vs 牛来 (Niu Lai)

牛来 (Niu Lai) (牛来) is 3942.9× the size of bǐngwǔ (丙午) by market capitalisation. Over the past 30 days, 牛来 is ahead by 10.1 percentage points (丙午 -25.5% against 牛来 -15.5%). Their daily returns move barely together (correlation 0.09 across 35 shared trading days). 牛来 has been the more volatile of the two, at 194% annualised against 丙午's 62%.

Correlation: 0.09
Size ratio: 1 : 3942.9
Ahead over 30 days: 牛来

bǐngwǔ丙午

$1.390e-5

24h: +3.68%
Market cap: $13,887
Volume 24h: $4
Volatility (ann.): 62%

牛来 (Niu Lai)牛来

$0.053630

24h: -13.45%
Market cap: $54.76M
Volume 24h: $10.43M
Volatility (ann.): 194%

丙午 0.0%Share of the two combined market caps100.0% 牛来

Performance

丙午牛来

7 days-7.78%+11.18%牛来
30 days-25.55%-15.46%牛来

Correlation

0.09over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	丙午	牛来
Max drawdown (400d)	-26.6%	-60.2%
Risk-adjusted return (90d)	-0.35	-0.09

Relative strength over 90 days: 丙午 outperformed 牛来 by 19.9% — measured on the 丙午/牛来 ratio, so it holds regardless of market direction.

bǐngwǔ →牛来 (Niu Lai) →