Akedo (AKE) is 1087.1× the size of HEXAR AI (HEXAR) by market capitalisation. Their daily returns move barely together (correlation 0.15 across 28 shared trading days). AKE has been the more volatile of the two, at 457% annualised against HEXAR's 153%.
HEXARAKE
0.15over 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 | HEXAR | AKE |
|---|---|---|
| Max drawdown (400d) | -77.3% | -93.5% |
| Risk-adjusted return (90d) | -0.08 | -0.16 |
Relative strength over 90 days: HEXAR outperformed AKE by 65.3% — measured on the HEXAR/AKE ratio, so it holds regardless of market direction.