牛来 (Niu Lai) (牛来) is 8241.9× the size of CAMEL (CAMEL) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 23 shared trading days). 牛来 has been the more volatile of the two, at 194% annualised against CAMEL's 41%.
CAMEL牛来
0.03over 23 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 | CAMEL | 牛来 |
|---|---|---|
| Max drawdown (400d) | -18.1% | -60.2% |
| Risk-adjusted return (90d) | -0.38 | -0.09 |
Relative strength over 90 days: CAMEL outperformed 牛来 by 36.2% — measured on the CAMEL/牛来 ratio, so it holds regardless of market direction.