Fren Pet vs Audiera

Audiera (BEAT) is 1.5× the size of Fren Pet (FP) by market capitalisation. Over the past 30 days, FP is ahead by 10.2 percentage points (FP +20.5% against BEAT +10.3%). Their daily returns move barely together (correlation 0.12 across 42 shared trading days). FP has been the more volatile of the two, at 384% annualised against BEAT's 155%.

Correlation: 0.12
Size ratio: 1 : 1.5
Ahead over 30 days: FP

Fren PetFP

$3.4400

24h: +1.11%
Market cap: $24.39M
Volume 24h: $34,151
Volatility (ann.): 384%

AudieraBEAT

$0.101441

24h: +9.31%
Market cap: $36.95M
Volume 24h: $5.85M
Volatility (ann.): 155%

FP 39.8%Share of the two combined market caps60.2% BEAT

Performance

FPBEAT

7 days-35.17%+10.86%BEAT
30 days+20.53%+10.29%FP

Correlation

0.12over 42 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	FP	BEAT
Max drawdown (400d)	-63.0%	-50.3%
Risk-adjusted return (90d)	0.56	-0.14

Relative strength over 90 days: FP outperformed BEAT by 303.1% — measured on the FP/BEAT ratio, so it holds regardless of market direction.

Fren Pet →Audiera →