Nodexo vs EfficientFrontier

EfficientFrontier (SN53) is 22.4× the size of Nodexo (SN106) by market capitalisation. Over the past 30 days, SN53 is ahead by 33.3 percentage points (SN106 -10.6% against SN53 +22.7%). Their daily returns move barely together (correlation 0.26 across 27 shared trading days). SN53 has been the more volatile of the two, at 200% annualised against SN106's 134%.

Correlation: 0.26
Size ratio: 1 : 22.4
Ahead over 30 days: SN53

NodexoSN106

$0.490525

24h: -0.60%
Market cap: $1.76M
Volume 24h: $235,395
Volatility (ann.): 134%

EfficientFrontierSN53

$6.7400

24h: -2.94%
Market cap: $39.39M
Volume 24h: $1.86M
Volatility (ann.): 200%

SN106 4.3%Share of the two combined market caps95.7% SN53

Performance

SN106SN53

7 days-19.08%-14.51%SN53
30 days-10.61%+22.72%SN53

Correlation

0.26over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	SN106	SN53
Max drawdown (400d)	-31.3%	-40.6%
Risk-adjusted return (90d)	-0.08	0.09

Relative strength over 90 days: SN53 outperformed SN106 by 31.4% — measured on the SN106/SN53 ratio, so it holds regardless of market direction.

Nodexo →EfficientFrontier →