MCQUONALDS (MCQ) and HOOKIT (HKT) compared side by side. Over the past 30 days, MCQ is ahead by 7.7 percentage points (MCQ -34.7% against HKT -42.3%). Their daily returns move barely together (correlation 0.09 across 36 shared trading days). HKT has been the more volatile of the two, at 336% annualised against MCQ's 260%.
MCQHKT
0.09over 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 | MCQ | HKT |
|---|---|---|
| Max drawdown (400d) | -63.0% | -59.9% |
| Risk-adjusted return (90d) | -0.10 | -0.07 |
Relative strength over 90 days: HKT outperformed MCQ by 10.2% — measured on the MCQ/HKT ratio, so it holds regardless of market direction.