Quack AI (Q) is 3067.4× the size of HEXAR AI (HEXAR) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.43 across 28 shared trading days). Q has been the more volatile of the two, at 822% annualised against HEXAR's 153%.
HEXARQ
-0.43over 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 | Q |
|---|---|---|
| Max drawdown (400d) | -77.3% | -85.5% |
| Risk-adjusted return (90d) | -0.08 | 0.05 |
Relative strength over 90 days: Q outperformed HEXAR by 0.9% — measured on the HEXAR/Q ratio, so it holds regardless of market direction.