Portal (PORTAL) is 64.1× the size of Imagine Game Studio (IMAGINE) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 36 shared trading days). IMAGINE has been the more volatile of the two, at 352% annualised against PORTAL's 215%.
$0.000266
IMAGINEPORTAL
-0.02over 36 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 | IMAGINE | PORTAL |
|---|---|---|
| Max drawdown (400d) | -56.6% | -80.9% |
| Risk-adjusted return (90d) | 0.27 | 0.08 |
| Best 30 days (past year) | — | +187.4% |
| Worst 30 days (past year) | — | -61.9% |
Relative strength over 90 days: IMAGINE outperformed PORTAL by 159.4% — measured on the IMAGINE/PORTAL ratio, so it holds regardless of market direction.