Ctomorrow Platform (CTP) and Insane Labz (Base) (LABZ) compared side by side. Their daily returns move barely together (correlation 0.31 across 82 shared trading days). LABZ has been the more volatile of the two, at 140% annualised against CTP's 32%.
CTPLABZ
0.31over 82 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 | CTP | LABZ |
|---|---|---|
| Max drawdown (400d) | -59.3% | -70.9% |
| Risk-adjusted return (90d) | -0.62 | -0.42 |
| Best 30 days (past year) | +15.3% | — |
| Worst 30 days (past year) | -31.0% | — |
Relative strength over 90 days: CTP outperformed LABZ by 5.3% — measured on the CTP/LABZ ratio, so it holds regardless of market direction.