GoPlus Security (GPS) is 130.8× the size of Biometric Financial (BIOFI) by market capitalisation. Over the past 1 year, GPS is ahead by 106.5 percentage points (BIOFI -68.4% against GPS +38.1%). Their daily returns move barely together (correlation 0.14 across 373 shared trading days). GPS has been the more volatile of the two, at 143% annualised against BIOFI's 117%.
BIOFIGPS
0.14over 373 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 | BIOFI | GPS |
|---|---|---|
| Max drawdown (400d) | -79.4% | -69.1% |
| Risk-adjusted return (90d) | -0.40 | -0.06 |
| Best 30 days (past year) | +70.6% | +129.2% |
| Worst 30 days (past year) | -54.2% | -43.5% |
Relative strength over 90 days: GPS outperformed BIOFI by 27.5% — measured on the BIOFI/GPS ratio, so it holds regardless of market direction.