Sentient (SENT) is 1000.2× the size of Cudis (CUDIS) by market capitalisation. Their daily returns move barely together (correlation 0.25 across 256 shared trading days). CUDIS has been the more volatile of the two, at 172% annualised against SENT's 118%.
CUDISSENT
0.25over 256 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 | CUDIS | SENT |
|---|---|---|
| Max drawdown (400d) | -99.3% | -75.8% |
| Risk-adjusted return (90d) | -0.46 | 0.46 |
| Best 30 days (past year) | +27.9% | — |
| Worst 30 days (past year) | -78.5% | — |
Relative strength over 90 days: SENT outperformed CUDIS by 91.7% — measured on the CUDIS/SENT ratio, so it holds regardless of market direction.