lululemon athletica inc. (Backpack Securities) vs Tether Gold

Tether Gold (XAUT) is 31423.4× the size of lululemon athletica inc. (Backpack Securities) (LULU) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.17 across 31 shared trading days). LULU has been the more volatile of the two, at 66% annualised against XAUT's 24%.

Correlation: -0.17
Size ratio: 1 : 31423.4

lululemon athletica inc. (Backpack Securities)LULU

$112.2000

24h: +5.72%
Market cap: $105,248
Volume 24h: $59,579
Volatility (ann.): 66%

Tether GoldXAUT

$4,088.88

24h: +1.62%
Market cap: $3.31B
Volume 24h: $344.43M
Volatility (ann.): 24%

LULU 0.0%Share of the two combined market caps100.0% XAUT

Performance

LULUXAUT

7 days+19.70%+0.05%LULU
30 days+14.38%-2.08%LULU
90 days—-4.40%—

Correlation

-0.17over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1790d: 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	LULU	XAUT
Max drawdown (400d)	-8.3%	-19.4%
Risk-adjusted return (90d)	0.22	-0.20

Relative strength over 90 days: LULU outperformed XAUT by 24.0% — measured on the LULU/XAUT ratio, so it holds regardless of market direction.

lululemon athletica inc. (Backpack Securities) →Tether Gold →