STAT (STAT) is 64.4× the size of DexGame (DXGM) by market capitalisation. Their daily returns move barely together (correlation 0.16 across 30 shared trading days). DXGM has been the more volatile of the two, at 298% annualised against STAT's 78%.
DXGMSTAT
0.16over 30 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 | DXGM | STAT |
|---|---|---|
| Max drawdown (400d) | -95.8% | -13.2% |
| Risk-adjusted return (90d) | -0.22 | 0.01 |
Relative strength over 90 days: STAT outperformed DXGM by 55.1% — measured on the DXGM/STAT ratio, so it holds regardless of market direction.