Aster (ASTER) is 209.2× the size of Infinex (INX) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 110 shared trading days). INX has been the more volatile of the two, at 131% annualised against ASTER's 90%.
INXASTER
0.22over 110 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 | INX | ASTER |
|---|---|---|
| Max drawdown (400d) | -53.1% | -77.3% |
| Risk-adjusted return (90d) | -0.28 | 0.31 |
| Best 30 days (past year) | — | +47.6% |
| Worst 30 days (past year) | — | -51.6% |
Relative strength over 90 days: ASTER outperformed INX by 43.7% — measured on the INX/ASTER ratio, so it holds regardless of market direction.