Centcex (CENX) and SoSoValue (SOSO) compared side by side. Over the past 30 days, SOSO is ahead by 19.1 percentage points (CENX -10.3% against SOSO +8.8%). Their daily returns move barely in opposite directions (correlation -0.02 across 22 shared trading days). SOSO has been the more volatile of the two, at 69% annualised against CENX's 38%.
CENXSOSO
-0.02over 22 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 | CENX | SOSO |
|---|---|---|
| Max drawdown (400d) | -12.8% | -11.6% |
| Risk-adjusted return (90d) | -0.21 | 0.03 |
Relative strength over 90 days: SOSO outperformed CENX by 8.3% — measured on the CENX/SOSO ratio, so it holds regardless of market direction.