OVERTAKE (TAKE) is 251.7× the size of Bombie (BOMB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.15 across 187 shared trading days). TAKE has been the more volatile of the two, at 219% annualised against BOMB's 144%.
BOMBTAKE
-0.15over 187 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 | BOMB | TAKE |
|---|---|---|
| Max drawdown (400d) | -100.0% | -96.8% |
| Risk-adjusted return (90d) | -0.48 | 0.87 |
| Best 30 days (past year) | — | +242.3% |
| Worst 30 days (past year) | — | -91.5% |
Relative strength over 90 days: TAKE outperformed BOMB by 100.0% — measured on the BOMB/TAKE ratio, so it holds regardless of market direction.