Hunter Biden's Laptop (LAPTOP) is 11.7× the size of Goldn (GOLDN) by market capitalisation. Their daily returns move closely together (correlation 0.68 across 21 shared trading days). LAPTOP has been the more volatile of the two, at 195% annualised against GOLDN's 159%.
$0.043114
GOLDNLAPTOP
0.68over 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 | GOLDN | LAPTOP |
|---|---|---|
| Max drawdown (400d) | -70.8% | -60.9% |
| Risk-adjusted return (90d) | -0.45 | -0.30 |
Relative strength over 90 days: LAPTOP outperformed GOLDN by 18.2% — measured on the GOLDN/LAPTOP ratio, so it holds regardless of market direction.