Hamster Kombat (HMSTR) is 3130.4× the size of Game Slop (SLOP) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.26 across 28 shared trading days). SLOP has been the more volatile of the two, at 251% annualised against HMSTR's 135%.
SLOPHMSTR
-0.26over 28 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 | SLOP | HMSTR |
|---|---|---|
| Max drawdown (400d) | -88.7% | -80.5% |
| Risk-adjusted return (90d) | -0.35 | -0.44 |
| Best 30 days (past year) | — | +121.8% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: HMSTR outperformed SLOP by 85.9% — measured on the SLOP/HMSTR ratio, so it holds regardless of market direction.