DigiHealth (DGH) and SOLVE (SOLVE) compared side by side. Their daily returns move closely together (correlation 0.63 across 21 shared trading days). DGH has been the more volatile of the two, at 207% annualised against SOLVE's 67%.
DGHSOLVE
0.63over 21 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 | DGH | SOLVE |
|---|---|---|
| Max drawdown (400d) | -50.3% | -30.9% |
| Risk-adjusted return (90d) | -0.15 | -0.46 |
Relative strength over 90 days: SOLVE outperformed DGH by 6.3% — measured on the DGH/SOLVE ratio, so it holds regardless of market direction.