Kite (KITE) is 26.7× the size of Delysium (AGI) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 107 shared trading days). AGI has been the more volatile of the two, at 245% annualised against KITE's 121%.
AGIKITE
0.26over 107 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 | AGI | KITE |
|---|---|---|
| Max drawdown (400d) | -57.1% | -69.5% |
| Risk-adjusted return (90d) | -0.03 | 0.13 |
| Best 30 days (past year) | — | +151.2% |
| Worst 30 days (past year) | — | -55.6% |
Relative strength over 90 days: KITE outperformed AGI by 12.4% — measured on the AGI/KITE ratio, so it holds regardless of market direction.