CYBER (CYBER) is 4.2× the size of Cratos (CRTS) by market capitalisation. Over the past 1 year, CRTS is ahead by 8.4 percentage points (CRTS -62.5% against CYBER -70.8%). Their daily returns move loosely together (correlation 0.39 across 363 shared trading days). Both have run at a similar volatility, around 89% annualised.
CRTSCYBER
0.39over 363 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 | CRTS | CYBER |
|---|---|---|
| Max drawdown (400d) | -79.0% | -85.5% |
| Risk-adjusted return (90d) | 0.22 | -0.24 |
| Best 30 days (past year) | — | +30.7% |
| Worst 30 days (past year) | — | -42.7% |
Relative strength over 90 days: CRTS outperformed CYBER by 13.2% — measured on the CRTS/CYBER ratio, so it holds regardless of market direction.