KRONA (KRO) and CROCAT (CROCAT) compared side by side. Their daily returns move barely together (correlation 0.14 across 24 shared trading days). CROCAT has been the more volatile of the two, at 39727% annualised against KRO's 290%.
KROCROCAT
0.14over 24 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 | KRO | CROCAT |
|---|---|---|
| Max drawdown (400d) | -92.3% | -99.6% |
| Risk-adjusted return (90d) | -0.32 | 0.00 |
Relative strength over 90 days: CROCAT outperformed KRO by 98.0% — measured on the KRO/CROCAT ratio, so it holds regardless of market direction.